Tag: mobile wallet

Mobile wallet use in Italy is growing even as its government faces cash mess

Jennifer Goula
Mobile Wallet Italy

Italian consumers are increasingly turning to their smartphones to pay for products and services. According to the results of the PYMNTS Q3 2022 ConnectedEconomy Index “How the World Does Digital” study, mobile wallet use is on the rise in Italy even as that country’s government struggles with cash chaos. The research tracked digital engagement across 11 different countries, including payments via smartphone. What the mobile wallet study found was that there was a rise in usage during routine activities. This suggests that the growth isn’t just based on specific circumstances…

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US mobile wallet use is about to become greater than credit card usage online

Jennifer Goula
Mobile wallet use - mobile payments

The slow adoption of m-payments in the United States is finally taking off to mainstream levels. Mobile wallet use in the United States has been slow to take off, particularly when compared to countries in Asia and Europe. That said, the use of m-payments has finally started taking off and will eventually overtake credit cards. The adoption rate for mobile wallet use in the U.S. is rising. A new F.I.S. report predicts that the use of smartphones to complete online payment transactions will overtake credit cards. This is an important…

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Apple Pay swipes Starbucks’ long-held mobile payments crown

Julie Campbell
Apple Pay - Woman holding mobile phone with Starbucks case

The coffee chain has been the benchmark for m-payments success but no longer has the most users. For the first time, a general purpose mobile payments app has become more popular than Starbucks’ own as Apple Pay climbs to the top spot. The Seattle-based coffee company has been the gold standard for mobile payments success. New eMarketer Inc. data showed that Apple Pay now has more users than the Starbucks mobile payments service. Never before has a general purpose payment app been more popular than that of the coffee retailer.…

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JCPenney Apple Pay option removed from stores without warning

Amanda Giasson
JCPenney Apple Pay - JCPenney Store

The American retail chain has surprised customers by dropping the popular mobile payment method. JCPenney Apple Pay support has been dropped this month, surprising many of its customers who use the payment method. What makes the removal of support for this mobile wallet so surprising is that the company didn’t give its customers any warning that it would no longer be a payment option. JCPenney first rolled out Apple Pay as payment option to all its stores in 2016. Following JCPenney Apple Pay testing, which occurred in select stores in…

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New QR code user ID system to be launched by SafeWallet

Stephanie Beck
QR Code user ID Security System - SafeWallet Launches Updated - cryptocurrencies

The cryptocurrency wallet is upgrading its user identification security. SafeWallet, a decentralized cryptocurrency wallet app operated by China-based Cheetah Mobile, has announced the release of a new QR code user ID system. The major security update will fully replace private keys and mnemonic phrases. The new system is the first of its kind. Until this most recent update, cryptocurrency wallet users have had to use long private keys and mnemonic phrases to back up their crypto-assets, according to a press release from Blockchain Wave Lab. These private keys and mnemonic…

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