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The payment network is going all in on stablecoins despite limited usage. Leaning into business and commercial payments can help the crypto asset take off.

While this is a win for Klarna, merchants may not want to take on the higher transaction costs that sometimes come with BNPL plans

Growing mobile penetration makes digital wallets a viable growth avenue for remittances and other financial services in Vietnam. We expect 63.8 million people will use a smartphone this year—1 million more users than in 2022, per our Smartphone Users forecast. This may be a big reason why 75% of internet users in Vietnam prefer mobile wallets to cards, per Visa.

Tie-ups with digital wallets like Lynk will become more important for MoneyGram as its digital remittances become a larger part of its business: The firm’s digital money transfer transactions increased 47% year over year (YoY) in Q4, compared with 29% the year before. Partnerships will also help MoneyGram compete with digital upstarts like Wise and Remitly, which have been gaining market share.

Digital wallets such as PayPal, Apple Pay, Samsung Pay, and Google Pay have made paying by mobile easier and more secure. People are spending more time on their smartphones. In 2023, the average UK adult will spend over three hours a day on their smartphone, per our forecast. That’s up from 2 hours and 18 minutes (2:18) in 2019. To view the time spent with smartphones forecast, click here.

A new digital wallet from parent company Early Warning could also drive more growth if it’s integrated, according to our US Mobile P2P Payments Forecast 2023. The lesson: Gen Z consumers, in particular, are increasingly adopting mobile P2P payment services, totaling 35.2 million users in 2024, per our forecast.

Gen Zers’ habits diverge from other generations’ in the early stages of the customer journey. Our inaugural survey of banking consumers in Canada spotlights the differences to help banks drive conversions.

But few do because they’re concerned about implementation costs and customer uptake

Digital wallets will steal much of that attrition. They were the second-leading ecommerce payment method in 2022, at 20% of all transaction value, and held 13% of overall POS value. Their share is expected to swell to 24% of overall POS value by 2026 (and 27% of ecommerce share).

Users can now add their US passports and more transit cards to their wallets, and Google is getting more companies to accept these passes

Expanding into healthcare payments can help invigorate growth for BNPL players as user growth slows

Mobile P2P payments are reaching market maturity in the US as spending soars, but security challenges threaten to reverse gains. Providers are working to assuage consumer fears while adding a robust array of features to tighten user relationships.

It would likely face similar adoption struggles to PayPal’s stablecoin, and the timing may lessen its revenue opportunities

What percentage of consumers who prefer digital wallets would be willing to pay a fee to receive their money instantly? A) 26% B) 36% C) 46% D) 56%. Nearly half of digital wallet fans would be willing to pay to get their money instantly, according to an April 2025 report from PYMNTS Intelligence and Ingo Payments. April 22, 2025. What a scam: Which is the payment method most often subjected to fraud?

Over 77% of UK consumers used either a contactless debit card, contactless credit card, or digital wallet to make their most recent in-store purchase, per an October 2022 survey by PYMTS.com and CyberSource. That’s up from 35.2%% in 2021 and just 21.5% in 2020. Self-service technology doesn’t always remove frictions.

It has a much smaller market cap than the likes of USDT. The entire asset category is still far from mainstream

The digitization of the store—retail’s next megatrend—will transform the shopper’s path to purchase and industry economics for retailers and brands.

I just got the omni card for the New York subway that there's a way to put that into your digital wallet.

The payments industry has used its marketing budgets to reap the rewards of a strong market for credit card acquisitions. But marketers will need to embrace doing more with less as credit conditions tighten and savings run dry.

Leading cash-back credit cards need to drive acquisition in an increasingly competitive segment of the card market. Our exclusive consumer survey data reveals which emerging features issuers should invest in to win over customers.

The big tech is diving deeper into payments to tap new revenue streams.

It may be an olive branch for Gen Zers and millennials who may be upset over its decision to stop accepting Amex. It’s a win for Venmo’s monetization journey