Alipay's fast growth is partly attributed to the huge size of the Chinese market, but it also deploys strategies that can serve as an example for mobile wallets in other parts of the world.

As long as there has been mobile commerce, there have been calls for different stakeholders to share competitive turf in the name of universal acceptance.

A mobile payments app that launched last year for parking lots in Toronto is now available for all parking spots on the city's streets, with PayPal as the newest payment option.

Canada’s Scotiabank waited to launch its own HCE-powered mobile wallet last month, and the payoff came when thousands of consumers downloaded the app with zero advertising.

The path to success is almost never smooth, and many well-known companies have made expensive mistakes along the way. Here are some of the ideas that are no longer around but may never be forgotten.

Online shoppers can expect fraudsters to be at the height of their creativity during the 2016 holiday season.

Bluetooth beacons, which communicate with consumers' apps as they enter and leave stores, have been bouncing around the retail industry for a few years looking for the right combination of foot traffic, product and customer experience.

Banks are often taken for granted in digital wallets, treated as a "dumb pipe" for funding another account. PayPal is working to provide a more welcoming atmosphere with deals recently announced with Citigroup, FIS and two other banks.

By making tokenization available on each other's digital wallets, Visa and Mastercard are addressing the security concerns of merchants who are happy to accept both brands but nervous about how their wallets can be misused.

Bank of America's forthcoming mobile app update will include personal financial management features.

Payments are inevitably merging with social media, but the mix comes with a clear and very public risk if not handled correctly.

By now, the term "omnichannel" seems to have lost some of its buzz in the payments world. And that’s because banks are learning that the process of creating a seamless cross-channel experience can't be summed up so succinctly.

Several community banks are turning their bright ideas into cold hard cash by selling or licensing products to other institutions.

In expanding its work with Facebook, American Express has introduced the Add a Card feature on its bot for Facebook Messenger.

The recent history of mobile wallets includes a lot of crashes and failures, but the people behind those projects are still around and are wiser for their experiences.

The collaboration will help consumers use WorldRemit funds to accounts in six new markets in Africa.

The deployment is aimed to make a national mobile payments migration more smooth and less costly.

LevelUp has worked mostly with smaller merchants. It's relationship with the merchant-focused Chase Pay will give it access to a much larger group of retailers.

The potential user base is huge. Tencent Holdings has 846 million global monthly active-user WeChat accounts, and more than 300 million have linked bank cards.

Amazon.com has set the standard for e-commerce with fast delivery, invisible payments and many other perks that keep consumers coming back to its site. Increasingly, the e-tailer has been experimenting with ways to streamline the payment process outside of the trappings of its website.