Kate Fitzgerald

Apple Pay is seeing a surge in U.S. bank support, with the number of participating banks rising past 900 with the recent addition of 60 regional and community banks, bringing it closer to full coverage in its home market. But Apple isn't having the same luck everywhere else.

Millions of consumers without traditional banking relationships can use Apple Pay, now that ADP, a major provider of payroll cards, has joined the mobile payments bandwagon.

In the war on cash, Canada doesn't hold a candle to Sweden, where bills and coins are used for less than 5% of retail transactions, or Denmark, which plans to eradicate cash by 2030. But recent research suggests Canada is quickly closing the gap as its rate of contactless payments is soaring.

New patents provide a glimpse into how Apple Inc. plans to personalize the payments experience by harnessing Apple’s iMessage channel, bringing it in line with message-based P2P services from Venmo, Facebook, Google and others.

The heaviest adopters of fintech products in major global markets have a lot in common: They’re young, urban and tech-savvy, and their use of digital financial services tools could double in the next year, a study from by Ernst & Young Global Ltd suggests.

Getting a foothold in China’s payments market isn’t easy for foreign companies, but for Hong Kong-based Geoswift Ltd, business is booming.

It's hard to come by hard data on consumers actually using mobile wallets to pay in stores, but these consumers do exist.

The pimples and beauty marks of the mega-retailers’ CurrentC mobile wallet are on display for all to see during the app's ongoing beta test prior to its planned rollout next year.

UAE Banks Federation (UBF), an association of 49 banks in the United Arab Emirates, this month said in it will move ahead with plans to develop a mobile wallet accessible to its members in 2016.

Apple Inc. grabbed the early worm in mobile payments with Apple Pay's late 2014 launch, combining an intuitive mobile payments system for consumers with the buy-in of major banks and merchants. But the tech giant’s first-mover advantage never seemed to materialize.

The concept of a high-tech multipurse card with a built-in display may seem out of place in a world where many of the same functions can be handled by mobile wallet apps, but some entrepreneurs remain committed to the idea of a futuristic plastic card.

Target Corp. is tight-lipped on the details of its proprietary mobile wallet, but reports of the retailer's plan for a software-based wallet app early next year are adding to the concern that the mobile wallet market is becoming oversaturated with options too early in its lifecycle.

Apple Pay and Samsung Pay are coming to China in early 2016, in a potential defensive move by China UnionPay to fend off competition from domestic mobile payment rivals on the rise in China, including Alipay and Tencent.

London-based Powa Technologies has formed a 10-year alliance with China UnionPay to extend the PowaTag smartphone shopping app to CUP’s 1.3 billion credit and debit cardholders.

Banks give toasters to new customers, but what can tech companies give? The companies behind Android Pay and Samsung Pay hope to entice users with as much as $25 in gift cards (which, yes, can still be used to buy toasters).

Google Wallet was seemingly sidelined this year when Android Pay replaced it as Google’s flagship mobile payments app, but a recent update to the Wallet app shows that Google still sees potential in the aging brand.

The uncertain state of the prepaid card market doesn’t faze Texas entrepreneur Houston Frost, who has relaunched the Akimbo prepaid card, a concept he’s championed since 2011.

Wirecard Group and Alipay are collaborating to provide European retailers with barcode technology enabling Chinese tourists to make point of sale payments using the Alipay mobile wallet app.

Versatile, high-tech digital gift card sales are going strong for this year’s holiday season, but in the latest sign that plastic cards many never die, eBay has partnered with gift card giant InComm to sell traditional gift cards online that will take up to 10 days to arrive by mail.

Dealing with late and missed payments from creditors is a chronic complaint of small businesses, who are often stretched too thin to chase down money owed to them. But a U.K.-based startup aims to attack that problem with YayPay, an automated invoicing platform with a bill-collections feature that launched this week in the U.S.