In the latest edition of PYMNTS’ Provider Ranking of Credit Card Apps, Chime and Citi Mobile now share the top spot. Find out how their rivals fared here.
Alviere, a leading embedded finance platform provider, has announced that it has been chosen by Onafriq, Africa’s largest digital payments network, to enable payments and remittances from the United States to Africa.
Apple has offered a set of commitments to competition regulators in the European Union aimed at resolving concerns focused on NFC payments and mobile wallet tech on iOS, its mobile operating system. The EU suspects Apple of unfairly favoring its own mobile payment tech, Apple Pay, and squeezing out the ability of rivals to develop competing contactless payment offerings on its mobile platform. The iPhone maker is proposing to let third party mobile wallet and payment service providers gain the necessary access to NFC functionality on iOS devices, free of charge, via a set of APIs without having to use its own Apple Pay or Apple Wallet technologies.
The European Commission on Friday requested input on commitments presented by tech giant Apple to appease competition concerns related to in-store contactless payments with mobile devices. Apple Pay is Apple's mobile wallet that allows users to pay with their mobile devices and it runs only on Apple's operating system iOS, forming a closed ecosystem. This gives the company control over every aspect of the ecosystem including mobile wallet developers' access to it, as per the Commission. Accordin