Mobile Wallets

New Data: 95 Pct. Of Consumers Don’t Use Mobile Wallets for In-Store Purchases

New Data: 95 Pct. Of Consumers Don’t Use Mobile Wallets for In-Store Purchases

Among its many profound impacts, the COVID-19 pandemic has dramatically altered how consumers shop. Even before large-scale stay-at-home policies went into effect, most consumers sought to limit direct contact with people and objects as much as possible when they went out.

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Why Banks Should Care About Mobile Wallets (Even if Consumers Don’t)

Why Banks Should Care About Mobile Wallets (Even if Consumers Don’t)

When Pew surveyed 1,200 American adults in 2018 it found most were still hesitant to adopt mobile payments. Many remained skeptical of the technology, had concerns about security, and were more likely to trust traditional payment methods like credit and debit cards.

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How Retailers Benefited From the MCX Mobile Wallet’s Failure

How Retailers Benefited From the MCX Mobile Wallet’s Failure

CHICAGO — If the retail giants’ Merchant Customer Exchange payments venture collapsed under the weight of trying to create a one-size-fits-all mobile wallet to bypass card networks, then the implosion of that joint venture was the best thing that could have happened.

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What Are the Most Important Mobile Wallet Trends?

What Are the Most Important Mobile Wallet Trends?

From being a niche service for tech-savvy consumers to a mainstream payment method, mobile payments have significantly grown in the last 5 years. According to a report, the mobile wallet transaction value reached $4,296 billion in 2018. And by 2022, this value is forecasted to reach a whopping $13,979 billion U.S.D.

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Can Mobile Wallets With Spending Limits and No KYC Boost Digital Payments in India?

Mobile wallets in India are struggling. The numbers from the National Payments Corporation of India (NPCI) suggests that while mobile payment transaction value was Rs 15.9 crores in March this year, the Unified Payments Interface (UPI) transaction value shot up to Rs 1.3 trillion at the same time.

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Beware, Mobile Wallets Can Do Serious Damage to Your Finances This Holiday Season

Beware, Mobile Wallets Can Do Serious Damage to Your Finances This Holiday Season

A tap here and a tap there is all it takes to end up in the red. Mobile payments encourage people spend more money, according to a recent study performed by researchers at the University of Illinois at Urbana-Champaign.

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Treasury Dept. Targets Crypto Wallets in New Anti-Terror Effort

Treasury Dept. Targets Crypto Wallets in New Anti-Terror Effort

Crypto exchanges have improved their anti-money laundering compliance (AML), but the the Treasury Department’s next priority is to remind them about the looming threat of terrorist financing.

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Cryptocurrency Digital Wallets for the Unbanked and Retail Users

Cryptocurrency Digital Wallets for the Unbanked and Retail Users

Cryptocurrency issuers can provide a positive coverage for the unbanked population. They can offer digital wallets to unbanked people to ultimately prevent fraud. This will also help replace outdated systems with efficient financial wallets. It is important to ensure that the updated versions are the ones that we can live with.

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Beyond Cryptocurrency: Hardware Wallets as Blockchain Infrastructure

Beyond Cryptocurrency: Hardware Wallets as Blockchain Infrastructure

The right kind of wallet can be used to store data and authenticate transactions beyond cryptocurrency. Hardware wallets are a significant cornerstone of cryptocurrency’s budding history. They first arrived on the scene in 2014, when a combination of circumstances ripened around their creation.

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If Mobile Wallets Functioned More Like Leather Wallets, Usage Might Get a Lift

If Mobile Wallets Functioned More Like Leather Wallets, Usage Might Get a Lift

Ever since mobile payments first captured the public’s imagination four years ago with the launch of Apple Inc.’s Apple Pay, experts have debated why usage of the iOS and Android wallets has fallen short of the original, lofty expectations.

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Deutsche Bank Unveils Loyalty-first Mobile Wallet Venture

Deutsche Bank Unveils Loyalty-first Mobile Wallet Venture

Deutsche Bank has launched Yunar, a wholly-owned subsidiary startup that is taking a loyalty-first approach to building out a fully featured mobile wallet by initially offering a simple way to manage up to 200 loyalty points schemes and then gradually adding a range of mobile payments and banking services as adoption takes off.

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Deutsche Bank Launches Standalone Mobile Wallet

Deutsche Bank Launches Standalone Mobile Wallet

Deutsche Bank has set up a subsidiary startup called Yunar, which will gradually build out a mobile wallet offering a host of services, beginning with loyalty scheme management.

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