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Tag: wallets

Consumers aren’t adopting mobile wallets, even during the pandemic

Dive Brief: According to a PYMNTS.com report, Apple Pay usage peaked in late 2017 and has declined to about 5.1% of eligible transactions. Only 3.3% of transactions were made using Walmart Pay in the period from early- to mid-March studied, a decline from 4.5% in 2019. Despite such low adoption rates, 92.8% of all iPhones …

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Outbreak could cause more pain if it hits American wallets

Life inside a red zone: Gino Verani, 87, sits a table in a piazza in San Fiorano, one of the towns on lockdown due to a coronavirus outbreak. Marzio Toniolo | Reuters Empty streets, eerily quiet malls, dark storefronts and seldom there are a few people willing to take the risk to venture outside. Cities …

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Hong Kong protesters are voting with their wallets

The latest division in Hong Kong isn’t driven by posters and protests — it’s driven by consumers’ wallets as people vote with their money. The city’s economy shrank in the second and third quarter of 2019, marking a technical recession and the first time in a decade its economy weakened for two consecutive quarters. The …

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