Mobile wallets

Younger adults who regularly use mobile payments are more likely to take financial risks and rack up fees, according to a new financial literacy study by the George Washington University School of Business.

Often thought of as the Square of Europe, iZettle is working to sprint ahead of its American rival.

Square has come a long way since it debuted in 2009 with a simple plastic card reader for micro-merchants. But it didn't make its journey alone.

Lacy Morris would seem to be in a tough spot as the main techie for a smaller coffee chain that's deploying mobile technology years after Starbucks dominated the market. But Starbucks has made missteps, he contends, leaving room for rivals to learn from those mistakes.

The partnership PayPal announced last year with Samsung Pay has come to fruition, with PayPal rolling out a new capability enabling its users to make purchases at any store that accepts cards via Samsung Pay.

LevelUp had a lot of failed experiments along the way, but it still won over major partners and is seeing new results in the restaurant industry.

Before Paytm became one of India's most popular mobile wallets, it was a little-known bill payment app that launched in 2011 and spread by word of mouth. Now Paytm is revisiting that history in Canada, though its challenges in North America are very different than what it faced in India.

Wirecard has expanded capabilities of its boon digital payment app by partnering with Fitbit so customers in Europe may make contactless payments with the Fitbit Ionic or Fitbit Versa smartwatch models.

India’s Unified Payment Interface is a model that other developing economies can emulate, as they look to move away from cash-centricity and overhaul their own payments infrastructure in pursuit of speed, security, auditability and financial inclusion, writes Anoop Villait, managing director of corporate development at Transpay.

Companies that aspire to be the Uber of their industry should take a second look at the ride-sharing market, where Grab has become a lightning rod of payments investment and innovation.

Some of the biggest digital wallets in the world — including Alipay and WeChat Pay — succeed because they have very little in common with other big-brand wallets like Apple Pay, Google Pay and Samsung Pay.

The threat that mobile would displace plastic never came to be. But the new technology — often developed by retailers and other nonbanks — nevertheless forced issuers to take stock of their own offerings.

President Trump's isolationism is colliding head-on with a lucrative trend of Chinese tourists coming to the U.S. looking — and payments companies are caught in the crossfire.

These apps may not seem like much of a threat as long as they stay in their lane — but increasingly, ride-sharing companies are pushing the limits of how their apps can be used for payments.

Uber is clearly doing more to get into payments, but is hampered by a heavy regulatory burden and self-inflicted wounds to its brand.

China’s Alipay mobile wallet is now accepted by airport retailers in the Middle East and Africa through a collaboration between Qatar Airways and Wirecard.

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.

As new customers visit a restaurant for the first time, Punchh Acquire delivers information about the customer and assigns them with digital identities and profiles.

Alipay already has inroads in Mexico, where its mobile wallet is accepted at some retailers popular with Chinese tourists. Through a partnership with Openpay, it’s expanding Mexican merchants’ access to these transactions in person and online.

Alipay has partnered with FreedomPay and expanded an existing deal with First Data to deepen U.S. merchant acceptance at key destinations for Chinese tourists.