Mobile wallets

The online payment service Alipay, an affiliate of Alibaba, is extending its collaboration with luxury travel retailer DFS Group as more Chinese citizens increase their travel frequency to overseas locations.

Over the past five years, the slow-but-steady rise of mobile wallets seemed to signal the end of the plastic card era. But that's not how things played out.

2017 promises to be a defining year for many in the payments industry. Here's a look at what to expect.

Bigger isn't always better; as card issuers compete to bring in more spending, many are rethinking the way they offer rewards. Some of their approaches focus on streamlining redemption, while others dabble with cutting-edge technology such as virtual reality.

Fifth Third Bancorp in Cincinnati has added Android Pay and Microsoft Wallet to its mobile payment offerings, supporting a total of five mobile wallets.

One of the chronic flaws of retailer-driven loyalty programs is that often it’s hard to actually get the rewards. Consumers complain that it takes too long or steps required are too cumbersome to conveniently redeem their points.

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Apple Pay, Android Pay and Samsung Pay may seem to have a marketing edge over retailers' mobile wallets, but there is strong momentum among apps that serve individual merchant brands.

The annual Consumer Electronics Show is full of big ideas, from Internet-connected toasters to AI toothbrushes. A few inventions revealed at this year's show could have big implications for payments.

On the heels of India’s move last month to discourage cash-hoarding by demonetizing certain bills, Prime Minister Narenda Modi on Dec. 30 announced the rollout of a government-managed mobile payments app.