Banks are collaborating to develop a digital wallet that will compete with PayPal and Apple Pay.

Banks are collaborating to develop a digital wallet that will compete with PayPal and Apple Pay.

ByTechTrends

According to recent reports, seven of the biggest names in banking, including Bank of America, JPMorgan Chase, and Wells Fargo, are working on a digital wallet that will allow people to shop online. Since PayPal and Apple Pay enticed hundreds of millions of users to their digital wallets, big banks have been looking for ways…

Africa’s Rise of Digital Wallet-Based Apps
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Africa’s Rise of Digital Wallet-Based Apps

ByTechTrends

Africa and Asia are the birthplaces of mobile money, and the transition to digital wallets is well underway in countries with high smartphone penetration. According to a recent report, African and Asian consumers are increasingly accepting digital payments. This is the conclusion of a white paper published by TerraPay in collaboration with IBS, highlighting trends…