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Digital Wallet User Base to Increase to 4B by 2024

EXPANSION The report forecasts mobile payments will drive non-cash transaction growth The number of digital wallet users globally will increase from 2.3bn in 2019 to 4bn in 2024 and global non-cash transactions will grow to nearly 1.1tn in 2023 from 708.5bn in 2019, according to the World Payments Report 2020.

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PayPal and Venmo to Move Into In-store Payments ‘Next Year’

PayPal and Venmo to Move Into In-store Payments ‘Next Year’

PayPal is to begin a major new push into in-store payments next year, under both the PayPal and Venmo brands and using both NFC and QR codes, CEO Dan Schulman has told Axios. Axios asked Schulman if it is important for PayPal to have a place in the physical retail store.

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Nissan to Build RFID Payments Into All Cars Sold in Brazil

Nissan to Build RFID Payments Into All Cars Sold in Brazil

All Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions – including at McDonald’s drive-thrus across the country.

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