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Daily news, Instant Payments, Mobile Money, mobile money transfer, Mobile Remittance, Mobile Wallet, Money Transfer, P2P -

A new study finds that digital domestic money transfer transaction values will rise from $2 trillion in 2020 to $3.4 trillion in 2025; driven by growth of mobile money transfers. Mobile... read more

The post Domestic money transfer to grow to $3.4 trillion – mobile driving growth appeared first on Payments Cards & Mobile.

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Daily news, Mobile Money, mobile money transfer, Mobile payments, Mobile Remittance, Mobile Wallet, P2P, P2P payments -

New data from Juniper Research has found that the volume of domestic money transfers via mobiles will exceed 203 billion in 2024, up from 130 billion in 2019. Domestic P2P payments will... more

The post P2P drives mobile money to exceed 200 billion transactions appeared first on Payments Cards & Mobile.

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AliPay, Contactless, Contactless Card Payments, Daily News, HCE, Host Card Emulation, m-pesa, Mobile Banking, mobile money transfer, Mobile Payments, Mobile Remittance, Mobile Wallet, NFC, NFC mobile payments, P2P, QR code-based in-store payments, WeChat Pay -

Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30% from 1.6 billion recorded at the end of 2017, according to a new study. The Juniper study claims that while contactless card payments were far more prevalent than NFC mobile payments in many markets, [...]

The post Global mobile wallet users to total 2.1 billion in 2019 appeared first on Payments Cards & Mobile.

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Ant Financial, Daily News, Mobile Money, mobile money transfer, Mobile Payments, Mobile Remittance, MoneyGram, Regulation, Remittance -

Ant Financial, the digital payments arm of Alibaba, has been forced to abandon a merger with MoneyGram, having failed to satisfy the US government that the deal posed no risk to America’s national security. Ant announced a deal to buy MoneyGram for about $880m in cash almost a year ago, saying it would jump-start its [...]

The post Ant Financial forced to abandon MoneyGram purchase due to US regulatory pressure appeared first on Payments Cards & Mobile.

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Apple Pay, Daily News, mobile app, mobile money transfer, Mobile Payments, Mobile Remittance, Mobile Wallet, Remittance, Western Union -

Western Union says that US customers using its mobile app can now pay with Apple Pay when sending money transfers originating in the US to more than 200 countries and territories worldwide, including domestic bill payments. The capability to pay with Apple Pay for sending money transfers through the Western Union app in the UK is planned for [...]

The post Apple Pay funding added to Western Union to enable mobile money transfer appeared first on Payments Cards & Mobile.

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