Why Coronavirus could accelerate the replacement of our wallets with our phones
When the coronavirus pandemic finally recedes and we can rejoin society, many of us will go through our ritualistic personal pat-down before heading out to make sure we have our keys and phone. What we may not need is our wallet.
Global use of mobile wallets in retailers continued to increase rapidly
Global use of mobile wallets in retailers continued to increase rapidly during 2019, figures from point of sale terminal provider FIS revealed, with China continuing to lead the way on uptake.
In its WorldPay 2020 Global Payments Report, the company estimated digital and mobile wallets made up 21.5 per cent of retail transactions made in 2019, up from 16 per cent in 2018.
Use of a mobile wallet as a school ID in campuses in the US
Android-using students and faculty members from 15 schools across the US will soon be able to use Google Pay as their campus ID. The tech giant's mobile wallet has been able to handle more than just payment transactions for a while now: last year, it added support for tickets and loyalty cards. Now Transact, a company that provides billing and payment services for students, has launched a feature that allows users to save school IDs to their Google Pay app. Fifteen educational institutions have already signed up to be part of the program, and at least one has already started testing out the use of a mobile wallet as a school ID.
What Is a Digital Wallet and How Does It Work?
Digital wallets have gained in popularity, but how do you know if it's the right choice for you? Find out what a digital wallet is, how it works, and how it can make your life easier.
What Is a Digital Wallet?
A digital wallet, sometimes called an e-wallet, is a service that allows you to pay for things, usually through a mobile phone app. It also stores a number of other items a traditional wallet would hold, such as a driver's license, gift cards, tickets for entertainment events, and transportation passes. Digital wallets are not only easier to use in some cases but are also generally considered to be more secure than a traditional wallet.
Idenge digital cards compatible with Passwallet
Now you can install the digital cards generated by our platform in the well-known Passwallet virtual wallet application with more than 1M of downloads and widely used for boarding passes of airlines and trains.
Mobile Cards with NFC Smart Tap
In short the Idenge cards to be stored in Apple Wallet and Google Pay will be able to be used by NFC and Smart Tap technology and be activated by NFC Tags and automatically respond with POS devices with NFC technology.
Being able to use NFC / SmartTap technology with Idenge cards will allow us to interact more with users in a multitude of formats and actions.
Apple, Google and others form coalition to boost technology in the financial sector
A few technological giants, including Apple, Amazon, Google, PayPal, and Intuit, have announced an association for the formation of the Financial Innovation Now coalition (through the code / Re). The group aims to promote policies and friendly changes with technology within the financial services sector. Those behind the group will work to alter the political debate on relevant issues such as security technology, mobile payments and fraud prevention.