What We’ve Been Reading: Real-Time Payments on the Rise, Apple Pay Dominates

Posted by Bethany Frank on 03 Nov 2017

the latest news in payments and fintech

Check out the latest in payments and financial technology news from around the web:

Via Market Realist: PayPal's Venmo Payment Service Rolls Out 

Customers can now use Venmo to pay for purchases at more than two million retailers and vendors, including stores like Forever 21 and Foot Locker.

Via CNBC: Digital Payments Expected to Hit 726 Billion by 2020 - But Cash Isn't Going Anywhere Yet 

Digital payment volumes are increasing as connected devices and contactless payments become more popular among consumers, but many still prefer cash.

Via Visa Launches Real-Time Payments in Europe

Visa Direct is a new real-time international payments platform that will enable quick and secure P2P, B2C, and B2B money transfers between Visa accounts.

Via Health Data Management: Providers Face Challenges in Getting Patient Payments 

From a technology standpoint, only about 20% of healthcare providers are equipped to offer patients electronic payment options.

Via Mobile Payments Today: Study: Online Banking Preferred Channel in U.S., Canada 

Two-thirds of North American consumers use online banking at least weekly, while almost 70% of “Generation Z” consumers prefer mobile banking.

Via Business Insider: WhatsApp P2P Payment Feature Expected in December 

Users in India will soon be able to use the Facebook-owned chat app to send and receive money from friends and family.

Via TechCrunch: Apple Pay Now in 20 Markets, Nabs 90% of All Mobile Contactless Transactions Where Active 

Now accepted at more than 50% of all retail locations in the U.S., Apple Pay is on track to dominate the mobile payments market.

Via Forbes: Payments Are Moving to Real-Time in Countries Around the World 

Faster payment systems are being adopted in countries all around the world despite a lack of a compelling ROI argument.

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Bethany Frank Senior Marketing Associate Bethany specializes in content and events as part of Alacriti's marketing team. She's a graduate of Rutgers University and has a background in writing, broadcasting, and digital media. Fascinated by the intersection of technology and human nature, Bethany is out to explore what drives consumers in such a fast-paced, digitally connected world.

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