5G network maker Ericsson reportedly has big plans for Africa’s mobile wallet market. The Swedish company’s software helps power more than 400 mobile wallet accounts around the world, and Michael Wallis-Brown, head of Ericsson’s mobile financial services unit, told Bloomberg News Tuesday (Jan. 9) that Africa is a crucial...
Mobile wallets have gained significant popularity in recent years, providing consumers with a convenient and fast way to make purchases without the need for cash or physical cards. The recent rise of this payment method has driven consumer acceptance of contactless payments. Around 60% of...
Mobile wallets have gained immense popularity among consumers, not only for making in-store purchases but also for their ability to manage finances and store sensitive personal information. According to a recent survey conducted by PYMNTS and ACI Worldwide, mobile wallets are now the preferred method...
In 2023, digital wallets such as Apple Pay and Google Pay gained popularity among consumers. Mobile wallets have moved from sending money to friends and family to paying bills. Digital wallet adoption seems to be more advanced in Europe, but it is also taking off...
Although satisfaction is high among mobile wallet users when making bill payments, many face difficulties during the process. The report “Digital Bill Payments: Frequent Mobile Wallet Bill Pay Users the Most Satisfied,” a PYMNTS Intelligence and ACI Worldwide collaboration, found that around 60% of consumers...
The more often consumers use mobile wallets to pay their bills, PYMNTS Intelligence reveals, the more satisfied they are with the experience. The report, “Digital Bill Payments: Frequent Mobile Wallet Bill Pay Users the Most Satisfied,” a collaboration between PYMNTS Intelligence and ACI Worldwide, sheds...
With the advent of smartphones, consumers have embraced the convenience of shopping from the palm of their hand, resulting in a significant transformation in their purchasing habits and preferences. This shift in consumer behavior is reshaping the payments landscape and paving the way for the...
Mastercard and Samsung Electronics have partnered on a new program called Wallet Express in the United Kingdom. This collaboration aims to provide banks and card issuers with an efficient way to expand their digital wallet offerings, giving U.K. consumers more options to make payments conveniently and securely, the companies said...
India, traditionally reliant on cash, embarked on a digital payments journey 15 years ago. The process was marked by key milestones like the introduction of the instant Unified Payments Interface (UPI) in 2016. The 2016 demonetization further accelerated the transition to digital payments, leveraging the...
