China Leads On Mobile Wallets — Will Others Follow?
#Mobile #wallets, which are proving popular in #China, are less popular in the U.S. where consumers don’t find them more convenient that credit or debit cards.
Financial Technology
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Users Prefer PayPal Over Apple Pay When It Comes to Digital Wallets
#Digital wallet adoption is slowly on the rise, and payments provider #PayPal seems to be the most popular choice for #users. Users of the PayPal digital wallet far extend users of its closest competition, #Apple Pay, according to a Market Force Banking Study released yesterday. The study, which polled about 6,500 banking customers in August […]
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Growing Debit Card Use Crushes Mobile Wallets
#Mobile #wallets may be all the buzz, but #debit cards were still the most popular of payment method in the U.S. in 2016, according to a recent report by PULSE. According to the 2017 Debit Issuer Study released earlier this week, debit #card transactions were at a record high in 2016, with 23.6 transactions per […]
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Consumers Are Still Wary of Digital Wallets (Zelle Isn’t Helping)
The introduction of yet another bank-branded #digital wallet service hasn’t exactly shifted the world of payments on its axis. Citi Pay, Citi Bank’s digital wallet (and P2P service, thanks to the bank’s integration with the ever-expanding #Zelle network) launched in the U.S. yesterday. Citi customers can now use the wallet for online and in-app transactions, enabled […]
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Cars Are the Digital Wallets of the Future
#Fintech. The cloud. #Digital #wallets. #Blockchain. These are all buzzwords typical to the banking and payments space, but within the mobility landscape, they are only starting to gain traction. But that does not mean these terms are insignificant or that they aren’t actively playing a role in the transformation of mobility consumption or auto finance. With […]
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Millennials (Still) Don’t Like Card-Branded Mobile Wallets
Millennial consumers #still prefer third-party money transfer systems, such as PayPal, over card-branded (e.g. Visa Checkout) or device-specific (e.g. Android Pay) #mobile #wallets. More than half (52%) of millennial consumers (ages 23 to 37) said they use third-party money transfer systems, compared to only 29% who use card-branded digital wallets, and 22% that use device-specific wallets, […]
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China Leads On Mobile Wallets — Will Others Follow?
#Mobile #wallets, which are proving popular in #China, are less popular in the U.S. where consumers don’t find them more convenient that credit or debit cards.
Tom Groenfeldt – Financial Technology -
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Will Merchants Hand Over More Data to Make Mobile Wallets Work?
Online retailers have several advantages #over their brick and mortar counterparts. They have lower costs, plus a place on the smartphone screens (and in the hearts) of younger shoppers. In a recent Piper Jaffray survey, teens’ favorite website was Amazon (43%), followed by Nike (5%). Yet the bulk of shopping still takes place in brick and […]
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Mastercard’s Digital Expert Talks IoT, Chatbots, And Wallets [Video]
Any device can be a commerce device, according to Mastercard’s Kiki Del Valle, senior vice president of #digital payments and labs. “At the end, the IoT can become the internet of payments,” she said. &8220;We want to provide that secure commerce experience that consumers can benefit from: shop wherever they want to shop, pay in […]
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Mobile Wallets (Still) Not Attractive to Consumers, Merchants
Users #still aren’t exactly flocking to #mobile #wallets, and that’s probably because #merchants aren’t that thrilled about them either. According to a study conducted by Forrester Research together with JPMorgan Chase, only about 40% of #consumers are likely to sign up and use digital wallet services. This consumer sentiment is often attributed to merchant readiness—or lack […]
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