Digital wallets are becoming more and more prevalent in the fintech world, but according to a recent survey of 9,600 by Market Force Information, they are not gaining much ground with the average consumer. “Consumers are actually questioning the value [of digital wallets],” said Cheryl Flink, chief strategy officer for Market Force.Read More
Post Tagged with: "digital wallets"
Google Wallet is trying a new method to spur adoption: giving out free money. Google Wallet recently started a campaign to give out $5 to consumers who buy gift cards from the following retailers via Google Wallet: Regal Cinemas Sephora Staples Toys “R” Us on Gyft.com Whole Foods Market GoogleRead More
Google Wallet has been quietly inking deals with a host of e-commerce companies that provide an array of functionality and services. So what are these companies all about? What follows is a rundown of Google Wallet’s 11 public partners, and in aggregate they say something about the direction the digitalRead More
There is little doubt that Google Wallet adoption will spike following Google’s unveiling last week of the new Gmail payments function, which relies on Wallet. Despite this, a little-known (we might say mysterious) wallet seems to be enjoying far greater interest and appeal among Android users. If you haven’t heard ofRead More
While we were preoccupied with Hurricane Sandy, it seems Google has decided that digital money ain’t all its cracked up to be. The search engine company cum payments vendor will reportedly introduce a physical payments card to solve its “we are Americans and we don’t tap-and-pay” problem. From the AndroidRead More
Even at age seven, I always said shopping mattered. I just didn’t know why. Thanks to covering progressions in digital wallets, I have discovered why: money, money and more money.
Except for transactions, plastic cards are kind of “dumb,” said Ben Milne, CEO and co-founder of startup payment network Dwolla, during a mobile payments panel at Business Insider’s Mobile Advertising conference yesterday.
Similar to car mirror warnings, digital wallets should have caution stickers that read: We are closer to taking off in America than we appear.
“That’s how I feel we are with mobile wallets,” Peter Olynick, Carlisle & Gallagher Consulting Group’s Card & Payments Practice Leader, tells Bank Innovation in an interview held earlier today.
CHANDLER, Ariz.– When dreaming of greater digital wallet usage, forget about payments.
Yes, you read that right.