Displaying items by tag: Digital wallets

COMPANY NEWS: As part of the revision of the EU common identity framework regulation, also known as eIDAS 2.0, the EU Member States will all implement a new common structure for electronic credentials based on digital identity wallets.

Ping Identity, the intelligent identity solution for the enterprise, has announced early access to PingOne Neo,, a multi-standards decentralised identity management solution, which it says improves data security, privacy, and control for individuals while reducing resource and compliance burdens for enterprises.

A multi-country consortium consisting of European identity experts has been chosen to deliver a cross-border payments pilot, for the European Commission’s (EC) EU digital identity wallet program.

Driven by vaccination certificates, the need for identity checks in financial services, and the potential of the metaverse, governments across the world realise the benefits and the importance of digital identity, enabling the technology to take off, according to data and analytics company GlobalData.

Credit/charge cards remains the leading online payment method among Australians in 2021, accounting for a third (33%) of e-commerce transaction values, however, a FIS report forecasts that digital wallets will overtake to credit/charge cards to become the leading e-commerce payment method in Australia by 2025.

Mary McHale, Financial Services Director, Equinix Asia-Pacific

GUEST OPINION: SPONSORED NEWS. The emergence and increasing adoption introduction of new digital payment methods, such as ‘buy now, pay later’ platform AfterPay and Open Banking payments platfoms that allow for real time payments like SplitPay alongside better known digital wallets like Apple Pay, are propelling Australia rapidly ahead as it moves toward a cashless, cardless society.

Australian-based global payments provider Verrency is partnering with virtual currency payment provider Coinify to enable banks to securely offer their customers ability to use virtual currency for payments at any merchant around the world.

Worldwide mobile money transfer volumes will exceed 203 billion in 2024, up from 130 billion in 2019, according to new research which reveals that country domestic transfers are being driven by increasingly easy mobile payment systems.

Australia’s ANZ Bank has launched a smartphone ATM access service which allows customers to access cash on the go, using only their smartphone or watch.

The Commonwealth Bank says there’s been a surge in tap and pay transactions over six months, with its own customers increasingly using their smartphones instead of their wallets when making payments.

Global money transfer service WorldRemit has launched instant remittances to mobiles in the Pacific region countries of Fiji, Tonga and Samoa.