Digital wallets stories

Ecommpay has won the Best Consumer Payments System at the PayTech Awards for its innovative payout solution enhancing secure payments to cards and wallets.

Digital payments in Australia now dominate eCommerce, rising from 34% in 2014 to 66% in 2024, reshaping consumer habits and financial services.

Paynt acquires Canadian payments firm E-xact to boost North American growth, targeting a further US acquisition by late 2025.

UK and European finance teams boost automation adoption, with 81% increasing use to combat fraud and ease regulatory burdens, says survey.

Eighty-one per cent of European finance teams have increased automation to tackle regulatory pressures, boosting compliance and enabling strategic business roles.

Visa launches AI-powered solutions and partnerships across Asia Pacific, aiming to transform digital commerce with secure, seamless payments and new innovations.

Xero has launched Tap to Pay on iPhone in New Zealand, enabling small businesses to accept contactless payments via the Xero app without extra hardware.

Stablecoins, digital currencies pegged to stable assets like the US dollar, are emerging as dependable players reshaping the crypto and global finance landscape.

Stripe unveils AI-powered payments model and stablecoin accounts, enhancing fraud detection and global money management in 101 countries.

Asian social media trends like live shopping and user-generated content are rapidly reshaping the UK influencer scene, Kolsquare reports.

Visa has launched Intelligent Commerce, partnering with AI leaders to enable secure, AI-assisted shopping and payments tailored to user preferences.

Banked has acquired UK app VibePay to boost Pay by Bank with new incentives, expanding presence in UK, US, Australia, and accelerating global adoption.

Trek has teamed up with Gr4vy to enhance its Buy-Online-Pickup-In-Store service, improving payment processing and real-time inventory for customers.

Check Point Software Technologies has partnered with Cardano to enhance blockchain security, addressing rising cyber threats following significant industry hacks.

A new report reveals that outdated payment systems at airports are frustrating 54% of travellers, emphasising the need for modernising payment options.

Consumer spending on mobile applications soared to $150 billion in 2024, marking a 13% rise from last year, driven largely by non-gaming apps.

A Forrester report reveals rapid advancements in digital retail payments across Asia Pacific, spotlighting growth in digital wallets and BNPL services.

Kobble has unveiled a new Embedded Finance Platform designed to tackle inefficiencies in Australia's financial sector caused by failed IT projects.

Ben Zyl forecasts Australia's payments landscape in 2025, highlighting surcharging changes and the rise of modern systems like PayTo and self-serve payments.

Allaying rising concerns about privacy and security is critical for organisations and institutions that want to survive and thrive.