$ Transfers and Digital Payments

Emerging P2P, B2B, B2P, C2B, A2A, Fintech, crossborder money transfer platforms e.g., Western Union, WorldRemit, domestic money transfer platforms, e.g., Zelle. Also included is content related to Central Bank Digital Currency (CBDC).

“CONTACTLESS AND CAPPUCCINO” – A HISTORY OF MOBILE WALLETS IN NORTH AMERICA

In this Report we provide: A timeline of milestones in the development of mobile wallets in North America that include: Key metrics about mobile wallet usage in North America and its growth over time; Predictions about important future developments and their impact;. In a companion Report, An Introduction to Mobile Wallet Technology in North America – Definitions and Processes, we investigate: Mobile wallet IT and design; How mobile wallets communicate remotely and at point-of-sale (POS); and Customer and merchant experience with mobile wallet payments at POS and In-App.

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TRAVEL COMPANIES RISK LOSING ONE-THIRD OF CUSTOMERS DUE TO LACK OF PAYMENT CHOICES

This article from the AP reports that more than third of global travelers are not happy with payments methods available to them while booking online. It demonstrates the increasing importance of alternative payments.

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WESTERN UNION DIGITAL EXPANDS IN ASIA: MOBILE APP NOW LIVE IN SINGAPORE

In this press release, Western Union announces the launch of the Western Union mobile app in Singapore, connecting customers to families and loved ones around the world, 24/7. Activation of the app in Singapore has given Western Union a digital trifecta in Asia this year, as Singapore now joins Hong Kong and Malaysia in benefiting from Western Union’s digital acceleration of major regional economic centers across the world.

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A NEW PUSH FOR PUSH PAYMENTS

This white paper by Mastercard explains that as real-time payments increase globally, Card-based push payments (push-to-card) enable participants to send funds directly to consumers and small businesses via their payment card accounts. Receipt of funds via a payment card, typically a debit card linked to a deposit account, makes for a seamless consumer experience,

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