Technology

French supermarket chain Carrefour has launched its own mobile wallet, making Carrefour Pay available to customers as part of its plan for a complete omnichannel experience.

Despite more bank and investor activity around digital P2P payments, consumer usage of P2P is a mixed bag.

With smaller screen sizes and increased levels of distractions ranging from a text or a notification, pitfalls in the checkout process can result in more abandoned carts than successful transactions, writes Andre Lyver, director of engineering for financial services at Shopify.

Microchip implants could be considered the ultimate form of mobile payment — skipping the smartphone altogether in favor of giving people bionic abilities. And a small segment of the population is already lining up to try it out.

Denizen is designed for expats and migrants to receive money and make payments without international transfer fees or currency exchanges.

HSBC is letting artificial intelligence software predict the types of reward offers card customers prefer. It's driving up response rates in marketing tests, but the process raises privacy and other issues.

Digital money transfer provider SimbaPay has added an artificial-intelligence-powered chatbot that will enable banks and other companies to offer international money transfer to customers across Africa and Europe through text messaging.

As the agency pulls back its enforcement efforts, it opens the door for state authorities to pursue more cases against financial startups for their data collection and privacy practices.

Governments are studying ways blockchain can safeguard property records and simplify how they get tracked.

By aligning, the two companies hope to offer efficiencies in a fiercely competitive business payments market.