Mobile wallet industry to reach $3.5 trillion by 2023, report finds

Western countries are behind in adopting the technology, but the pandemic accelerated the digital transformation of payments, according to a report from Finaria. 

By Tatiana Walk-Morris • March 12, 2021

Ride-hailing, payments startup Grab reportedly weighs SPAC with $40B valuation

The startup has established both a digital wallet as well as a rewards system and numberless credit card. 

By Anthony Epling • March 12, 2021

Explore the Trendline➔

Stablecoins enter the payments universe

Stablecoins are gaining ground thanks to passage of the Genius Act, forcing companies to consider competitive strategies in the digital realm.

By Payments Dive staff

JPMorgan to pull Chase Pay from merchant apps, sites March 31

The bank announced in 2019 it would shut down the platform's stand-alone app. Merchant acceptance — about 1% in 2019 — has paled in comparison to competitor Apple Pay's 40%.

By Robert Freedman • March 10, 2021

Kings of Leon releases new album as a 'non-fungible token'

NFTs, a part of a crypto uptick in the music industry, let musicians see royalties for album sales much faster than with traditional royalty payments, Yellowheart CEO Josh Katz said.

By Anthony Epling • March 9, 2021

PayPal to acquire digital asset firm Curv

The acquisition follows PayPal's recent expansion of its digital wallet capabilities, including enabling buying, selling and holding cryptocurrency.

By Andy Burt • March 9, 2021

Dallas Mavericks to accept crypto Dogecoin to buy tickets, merchandise

Critics contend the move to accept "joke coins" is a mistake, and the cryptocurrency's instability may harm consumers.

By Anthony Epling • March 8, 2021

Plaid payroll product streamlines income verification

Plaid Income is the second product the company has launched since the termination of a proposed $5.3 billion tie-up with Visa, signaling the scrapped deal is not slowing the expansion of the fintech's suite.

By Anna Hrushka • March 8, 2021

Panda Express opens first ghost kitchen in San Francisco

The delivery-only location is Panda's initial step in offering faster dining solutions for off-premise guests, with plans to test more concepts this year. 

By Julie Littman • March 8, 2021

PayPal CFO: Pandemic has created 'inflection point' for digital payments

The virtual payments processor does not anticipate a post-pandemic drop in business, and intends to double its user base and triple total payment volume, according to John Rainey.

By Jane Thier • March 5, 2021

SEC chair nominee promises to write crypto guidelines

Gary Gensler aims to zero in on which cryptocurrencies should be treated as securities.

By Robert Freedman • March 4, 2021

Stimulus payments fuel surge in ACH transactions

Nacha, which governs the ACH network, recently announced its plans to increase the same day transfer limit from $100,000 to $1 million, effective March 18, 2022.

By Ted Jackson • Updated April 6, 2021

59% of US shoppers see Amazon Go as a threat to Walmart, Kroger, study finds

Stores similar to Amazon's cashierless convenience locations appeal to more than half of U.S. consumers, according to a Piplsay survey. 

By Catherine Douglas Moran • March 3, 2021

Goldman crypto trading desk relaunch portends softer industry stance on Bitcoin

The bank follows BNY Mellon and JPMorgan in greater crypto acceptance, in a reversal from a May report in which Goldman called Bitcoin an "unsuitable investment." Citi this week said the currency is at a "tipping point."

By Dan Ennis • March 3, 2021

Payments startup Klarna raises $1B in funding, hits $31B valuation

The funding makes it the highest-valued private fintech in Europe and the second-highest globally, according to the company. 

By Tatiana Walk-Morris • March 2, 2021

Inside Marqeta's plans to grow its 'card-as-a-service' offering

The card issuer and processor is differentiating through a flexible, API-based platform that helps clients launch card offerings in months instead of years.

By Suman Bhattacharyya • March 2, 2021

Auto retailer HGreg to accept cryptocurrency for purchases

The company is one of the first auto groups to accept this form of payment, joining a growing host of companies willing to demonstrate their confidence in crypto.

By Anthony Epling • March 2, 2021

Gemini Exchange moves into credit cards, yield-bearing programs

Crypto exchange’s push is the latest in the growing list of blockchain players adding banking-like benefits. 

By Ted Jackson • March 1, 2021

Crypto exchange Coinbase files for IPO, valuation could exceed $100B

The move serves as another signal of the growing acceptance of cryptocurrency as a store of value.

By Robert Freedman • Updated March 18, 2021

Pandemic fueled 32.4% e-commerce surge in 2020

The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in 2019, Census data shows. 

By Robert Freedman • March 1, 2021

Tether, crypto exchange Bitfinex to pay $18.5M to settle NY probe

Tether will give officials quarterly reports on its reserves and end trading with the state's residents in an agreement that ends a two-year investigation into allegations it hid the loss of $850 million in client and corporate money.

By Dan Ennis • Feb. 24, 2021

BNY Mellon invests in Fireblocks following startup's digital wallet launch

The bank invested in the startup a month after Fireblocks and First Digital partnered to roll out a secure wallet and infrastructure for financial institutions to connect to Facebook's Diem digital currency network.

By Anthony Epling • Updated March 19, 2021

Why Global Payments went multicloud

Large companies venture down the multicloud path to support different business arms.

By Katie Malone • Feb. 11, 2021

BNY Mellon commits to holding, transferring and issuing crypto

The New York-based bank said Thursday it is developing a client-facing prototype for a multi-asset digital custody and administration platform set to roll out this year.

By Dan Ennis • Feb. 11, 2021

Peapod founders re-enter grocery e-commerce with custom shopping tool

Brothers Andrew and Thomas Parkinson's new service, Sifter.shop, lets customers filter groceries based on health-related criteria and then transmit their orders to selected grocers.

By Sam Silverstein • Feb. 10, 2021

Gemini launches crypto-based savings product offering up to 7.4% yield

Gemini said it can pay such high rates because it lends to institutional borrowers through a partner, but that puts it largely outside the regulatory sphere — leaving customers assuming considerably more risk.

By Dan Ennis • Feb. 3, 2021