Tag: mobile wallets

New cross-border mobile payments agreement between India and Nepal inked

Jorge Gonzalez
Mobile payments - agreement - handshake

The governments have designed an agreement to allow visitors to Nepal to use the digital transactions. The Indian and Nepalese governments have come to an agreement for the launch of a new mobile payments service that will allow visitors to use the option to pay for goods and services. Residents of the countries will be able to use their phones to pay for what they want when traveling. The hope is that the mobile payments option will make it easier for visitors from India to Nepal to travel and pay…

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Last year, the value of contactless payments rose almost 50 percent, says Barclay’s

John Montgallo
Contactless payments - Barclays POS contactless Payments

Users made an average of 220 tap-based transactions last year, totaling £3,327 per consumer. Last year, contactless payments spiked by 49.7 percent based on their total value as people throughout the United Kingdom headed back in-store equipped with tap-and-go technology. The £100 transaction limit appeared to work well for consumers as they shopped in person again. This data was released in a report from Barclays, which transacts almost half the debit and credit card spending across the United Kingdom. It went on to show that a record 91.2 percent of…

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Apple Pay snags 48 percent of mobile wallet use

Jorge Gonzalez
Mobile wallet - Person using Apple Pay

Even with this massive share, its use represents only a tiny fraction of total retail payments. Mobile wallet use is beginning to take off, and Apple Pay is leading the way with a considerable market share. That said, even with such a high position among transactions made via smartphone, it barely represents a sliver of total in-store payments. The use of these payment apps for in-store commerce is rising but is barely there next to cash and cards. The new PYMNTS report titled “Mobile Wallets Adoption: Apple Pay @8 –…

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Starbucks mobile payment app is second most popular in-person

Sam Lambert
Mobile payment app - Starbucks Store

When it comes to in-store digital wallet transactions, the coffee chain remains a leader. Starbucks has always been a leader among mobile payment app users, but even as digital wallets become more commonplace, it has managed to cling to a top spot among users, according to a new eMarketer report. The application established itself among consumers early and has managed to ride the trend. According to eMarketer data, the Starbucks mobile payment app brings in more transactions in-person than Google Pay and Samsung Pay. The only digital wallet that has…

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PayPal mobile wallet transactions are the online leaders

Sam Lambert
Mobile Wallet - Person paying with phone

They are also gaining ground in-store, where they represent a quarter of phone-based transactions. Mobile wallet transactions had been slow to take off but received a shot in the arm during the pandemic, when consumers looked to contactless payment options. Now, PayPal is leading the way in transactions conducted online and is also gaining ground among in-store shoppers who are looking to their phones to complete their purchases. According to PYMNTS data, PayPal is the leader in virtually every digital payments category. The PayPal mobile wallet is leading the way…

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