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NXT-ID And FitPay Are Making eWallets A True Wallet Replacement

PYMNTS

Startups FitPay and NXT-ID are working to take eWallets to the next level. Existing smartphone-based eWallets may have achieved the ultimate convenience, compressing bulky physical wallets into a nice, tidy digital space and enabling consumers to carry just one item when they leave the house.

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JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts

PYMNTS

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg reported on Wednesday (Nov. JPMorgan’s wholesale payments sector was responsible for 10 percent of the company’s $109 billion in 2018 revenue, the report noted. .

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Bitcoin Daily: Lloyd’s Now Covers Crypto In eWallets; U.S. Treasury Adds Hacker Bitcoin Addresses To Blacklist

PYMNTS

The group has been blamed for stealing over $500 million in digital currency as long ago as 2018. Two individuals were accused of being connected to the Lazarus Group cybercrime organization per an update of the “Specially Designated Nationals” (SDN) list from OFAC. And another unsealed document indicates that the U.S.

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Wegagen Bank Teams With WorldRemit; Hatton National Bank Unveils eWallet

PYMNTS

World Remit launched its service for mobile money in the country in 2018. HNB Deputy General Manager, Retail Banking, Sanjay Wijemanne said, according to the report, “The Solo eWallet offers our large customer base the option of cashless and digitally enabled payments with the swipe of a screen.”. million Wegagen Bank accounts.

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Mercari Teams With Line For Payments; Telco M1 Connects With DISA For eWallet Protection

PYMNTS

Mobile payments are on the rise in Malaysia , bus operator Lynxbus plans to roll out cashless payments in the United Kingdom and Telco M1 plans to help protect mobile phone users from eWallet theft in Singapore with the help of DISA. million in 2018. million in 2017 to 23.7 We are finding less and less cash is being used.”.

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Listen Up: Best PYMNTS Podcasts Of 2018

PYMNTS

This dovetails well with millennials, who favor a prepaid, eWallet type of app that serves their lifestyles and ensures they “can go spend the money where [they] need to.”. POS Dinosaurs Are Due for Extinction. Future-proofing any technology or process is more art than science — and rough art at that.

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Today In Payments Around The World: HungryPanda Lands $70M Million In Funding; Klarna To Provide Live Fashion Show

PYMNTS

Digital business added 150 billion pounds (approximately $200 billion) to the British economy in 2018, according to the British government. PayNow and FAST let individuals move money between banks and eWallets. Most eWallets can only be funded with a debit card or credit card.

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