Latest news with #digitalwallet
Yahoo
3 days ago
- Business
- Yahoo
Paysafe Limited (PSFE) Announces Expanded Its Partnership with Fiserv (FI)
Paysafe Limited (NYSE:PSFE) is one of the 10 Best 52-Week Low Tech Stocks To Buy According to Analysts. On May 9, Paysafe Limited (NYSE:PSFE) announced expanding its partnership with Fiserv (NYSE:FI) to support small and medium-sized businesses. The collaboration is focused on improving three main areas including access to capital, enhanced fraud protection, and a new digital wallet solution. The company will integrate Fiserv's Clover Capital solution, allowing it to provide SMBs with faster and easier access to funding, helping them scale and grow with less paperwork and fewer delays. Paysafe Limited (NYSE:PSFE) will also use Fiserv's Data-as-a-Service technology to strengthen risk management and fraud detection, making payments more secure for merchants and customers. An executive in a suit presenting a digital commerce platform to a group of financial advisors. In addition, as part of the partnership both the companies will launch a digital wallet for merchants using Fiserv's Clover platform, which will enable near-instant settlements allowing businesses to receive funds quickly after a sale. Paysafe Limited (NYSE:PSFE) is a UK-based payments platform that offers a range of services including credit and debit card processing, digital wallets, eCash, and real-time banking. While we acknowledge the potential of PSFE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Coin Geek
6 days ago
- Business
- Coin Geek
Gen Alpha leading the push for digital payments: report
Getting your Trinity Audio player ready... A new report has identified a new trend of Generation Alpha leading the push for digital payments, with the cohort leading adoption metrics over other demographics. The study, carried out by Mastercard (NASDAQ: MA), reveals that one in two Gen Alpha have a digital wallet, while nearly 50% of respondents have access to an investment account. Gen Alpha are individuals born after 2010, characterized by tech-savviness, given their access to smartphones and tablets from childhood. The Mastercard study honed in on the Asia-Pacific region, highlighting key payment trends in the emerging demographic. Mastercard based the report on the submission of 9,131 Gen Alpha respondents and their parents. The study revealed that despite the high prevalence of digital wallets, 48% of Gen Alphas still rely on credit cards. A staggering 47% of respondents say their kids (Gen Alphas) introduced them to new digital financial tools. The report highlights key differences between Gen Alphas and Millennials in terms of digital finances. Among Gen Alphas, there is a preference for innovative financial tools leveraging artificial intelligence (AI) and blockchain technology. Gen Alphas are more likely to adopt tokenized assets and gamified finance over other demographics, showing a preference for voice interface and decentralized finance (DeFi). Sandeep Malhotra, Mastercard VP for core payments in APAC, disclosed that cash adoption in the cohort is the lowest across the spectrum while digitization is at its highest ebb. 'They're low-key money bosses, tapping phones before they can tie their shoes and turning budgeting apps into their playground,' said Malhotra. 'Cash? Not their go-to. Today it's all Tap & Go.' Gen Alphas indicate a preference for superapps, financial applications that go beyond payments, offering in-app social and shopping functionalities. Indonesia and China are leading the push for super apps in the region, with local data indicating a surge in Gen Alpha users. APAC is setting the global pace for digitization Regarding emerging technology adoption, the Asia Pacific region is moving ahead of its peers. Digital wallet adoption has increased throughout Asia while cash usage has reached new lows, outperforming the metrics of North America and Europe. In terms of AI, the APAC workplaces are the biggest adopters of AI-powered workflows, integrating them into their internal operations. APAC is miles ahead of the global average of 62.3% for digital workplace maturity, but job loss concerns and steep implementation costs continue to hinder progress. Benin Republic to national digital ID system with mobile wallet functionalities In other news, authorities in the Benin Republic have flashed the signal to roll out a national digital ID system for the country, merging emerging technologies into the offerings to improve existing solutions. According to a report, the West African country will integrate digital wallet functionalities into its digital ID system in a massive innovative leap. Aristide Guy Adjinacou, Director General of the National Agency for the Identification of Persons (ANIP), revealed the plans during the ID4Africa conference. Adjinacou disclosed to conference attendees that Benin has all the components needed to proceed with a national digital ID system. However, the last piece of the puzzle of the West African country is a mobile digital wallet for citizens to store credentials and personal data. The DG hinted that the offering would rely on blockchain, but it remains unclear if the digital wallet would offer payment functionalities. In terms of timeline, Adjinacou disclosed that the agency is eyeing a rollout by the end of 2026, prioritizing the digital ID system for citizens. Adjinacou disclosed that the integration into the national digital ID system will promote inclusivity while ensuring the security and privacy of personal data. Adjinacou stated in his keynote address that the country's digital transformation stems from a forward-thinking approach of the ruling government. The push toward digitization has the backing of local legislation, with the DG pointing to the 2017 Identification Law. Per Adjinacou, swift enforcement has seen 10 million individuals registered across Benin in the last six months, providing a deep database for the push towards a national digital ID system. 'Our register is connected to more than 80 public and private institutions, including banks and telecom operators,' said Adjinacou. ' This success is no accident, it is the result of deliberate strategy and strong foundations.' Integrating AI into local ID services Amid the push, Adjinacou disclosed a series of forward-thinking statements pointing to integrating artificial intelligence into the digital ID system. AI integration will be limited to information gathering to enable authorities to make data-driven decisions, particularly in reaching individuals in remote locations. 'Reaching the remaining two percent of the population is one of the most difficult tasks,' said Adjinacou. 'These last-mile communities each have unique characteristics and needs, and we must tailor our approach accordingly.' Across Africa, digital ID initiatives are gathering steam, with Nigeria and Zambia unfurling their national offerings. Ethiopia, Namibia, and São Tomé and Príncipe are the latest to signal an incoming national digital ID initiative. Watch: Importance of digitalization for enterprises title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen="">
Yahoo
6 days ago
- Business
- Yahoo
Fiserv Partners with Early Warning Services to Offer Paze Digital Wallet for Enhanced Online Checkout
Fiserv Inc. (NYSE:FI) is one of the most active stocks to buy according to analysts. On June 17, Fiserv announced a new collaboration with Early Warning Services to offer Paze, which is a digital wallet solution. The partnership aims to provide financial institutions and merchants with a convenient and secure digital checkout experience for consumers. Paze allows banks and credit unions to offer a digital wallet where eligible credit and debit cards are consolidated. A key security feature of Paze is tokenization, which replaces actual card account numbers with unique tokens and prevents card numbers from being shared directly with merchants. Paze has already integrated over 150 million credit and debit cards. A programmer coding on a laptop in the center of a creative workspace. Fiserv will also enable merchants to accept Paze across its e-commerce payments suite. The collaboration deepens a long-standing alliance between Fiserv and Early Warning Services, which previously saw Fiserv offering a turnkey service for Zelle for P2P payments. Fiserv Inc. (NYSE:FI) provides payments and financial services technology solutions through the Merchant Solutions and Financial Solutions segments. While we acknowledge the potential of FI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNET
25-06-2025
- Business
- CNET
Why Won't Walmart Let Me Use Apple Pay or Google Pay? I'm Not Surprised by the Answer
You can't use Apple Pay or Google Pay if you're shopping in-store at Walmart. Kativ/Getty Images When I stop by Walmart on my way home from the gym, I don't always have my wallet on me. At most stores, it's not a big deal because I have my phone with me, so I can use my digital wallet to make a purchase. But Walmart doesn't accept Apple Pay or Google Pay. If I want to use a digital payment in store, I'd have to use Walmart Pay on the Walmart App or a digital wallet offered by OnePay, a Walmart majority-owned fintech. You can still use most major credit and debit cards when buying something in-store or online. Digital wallets offer the convenience of paying without having to carry a credit card, and they can also keep your transactions more secure than using a physical card. Growing in popularity over the past few years, Apple Wallet and Google Wallet let you store payment options as well as your digital hotel key, boarding passes and concert tickets. The OnePay Wallet can store up to 20 credit or debit cards, but it can only be used at Walmart and on and cannot hold other digital documents or passes. You can also set up a digital wallet within the Walmart app, which lets you store additional payment methods. But that means downloading yet another app to your phone. We'll break down all your payment options when shopping at Walmart. Why doesn't Walmart accept Apple Pay or Google Pay? Walmart, with more than 4,600 locations across the country, is one of the last major retailers to refuse to accept popular third-party contactless payment options like Google Pay and Apple Pay. (However, you can use your Apple Card, just not through Apple Pay.) By sticking to its own mobile payment apps, Walmart avoids paying fees for third-party options and can more easily track your purchase history. However, that exclusivity also makes purchases less convenient for customers who use digital apps and wallets as their primary means of payment. How to use OnePay Here's how to use the OnePay wallet to make a contactless payment for your Walmart purchases: Download the OnePay app and sign up for an account Add any debit or credit card to your OnePay Wallet -- If you already have a OnePay debit card, it will automatically be added to your wallet When checking out, scan the QR code that appears on the payment terminal or self-checkout screen You can also sign up for OnePay Wallet during checkout. You'll just need a credit or debit card to add to the OnePay Wallet the first time. After that, the OnePay Wallet will become your default payment method at checkout. If you're a regular Walmart shopper, the OnePay option could potentially help you save because it lets you earn reward points for every purchase, which can then be redeemed for cash back if you have a OnePay Cash account. New customers who sign up directly with OnePay Wallet can earn $15 cash back when they spend $15 or more in-store at Walmart or on How to use Walmart Pay If you download the Walmart app, you can add payment methods in a wallet within Account Settings, then use them with Walmart Pay. The app allows you to store a variety of payment methods: Credit and debit cards from most of the major issuers, including Visa, Mastercard, American Express and Discover Bank account Walmart gift cards Electronic Benefits Transfer Health care benefits cards, like HSA and FSA PayPal If you're in a store, you can use Walmart Pay within the app and then scan the QR code at checkout to pay for your purchase. When the payment is complete, you'll receive a digital receipt in the app. Alternative payment options to Walmart Pay If you don't want to use the Walmart app or the OnePay wallet, you can still make purchases at Walmart. If you're making a purchase in store, you can use cash, credit and debit cards, Walmart gift cards, Electronic Benefits Transfer, HSA and FSA cards, or PayPal (in some locations). To use PayPal at the register, you'll need the PayPal app. From the menu, select In-person & QR code to set up in-person payments. Choose "Show to pay" and a QR code will be generated, which can be scanned by the cashier to process your payment. Walmart also accepts PayPal for online purchases. If your Walmart doesn't offer PayPal at the register and you want an extra layer of security protecting your bank account or card number, you can order the item online and pay using your PayPal account. You can also still technically use your other digital wallets to shop online at Walmart online. You'll just need to enter your credit card number when checking out. In a digital wallet, you can find your card number by clicking on the payment method in the wallet, then going to the menu in the top left corner and clicking on Card Number. You'll see your card number (or virtual card number, if available), expiration date and security code, which you'll need to enter in as payment info on the
Yahoo
25-06-2025
- Business
- Yahoo
Fiserv Partners with Early Warning Services to Offer Paze Digital Wallet for Enhanced Online Checkout
Fiserv Inc. (NYSE:FI) is one of the most active stocks to buy according to analysts. On June 17, Fiserv announced a new collaboration with Early Warning Services to offer Paze, which is a digital wallet solution. The partnership aims to provide financial institutions and merchants with a convenient and secure digital checkout experience for consumers. Paze allows banks and credit unions to offer a digital wallet where eligible credit and debit cards are consolidated. A key security feature of Paze is tokenization, which replaces actual card account numbers with unique tokens and prevents card numbers from being shared directly with merchants. Paze has already integrated over 150 million credit and debit cards. A programmer coding on a laptop in the center of a creative workspace. Fiserv will also enable merchants to accept Paze across its e-commerce payments suite. The collaboration deepens a long-standing alliance between Fiserv and Early Warning Services, which previously saw Fiserv offering a turnkey service for Zelle for P2P payments. Fiserv Inc. (NYSE:FI) provides payments and financial services technology solutions through the Merchant Solutions and Financial Solutions segments. While we acknowledge the potential of FI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
