Posted by Bethany Frank on 03 Nov 2017
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.
Digital payment volumes are increasing as connected devices and contactless payments become more popular among consumers, but many still prefer cash.
Via PYMNTS.com: 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.
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.
Faster payment systems are being adopted in countries all around the world despite a lack of a compelling ROI argument.