Mobile Payments

Digital payments become a nightmare after losing your mobile phone, as I learned from two robberies in London last year.

Digital payments become a nightmare after losing your mobile phone, as I learned from two robberies in London last year. 

HSBC’s mobile and online services were out on Friday, November 24, causing dismay among customers relying on digital banking channels to conduct everyday transactions.

Outages in the RedSys platform brought down digital payments in much of Spain on November 18 and 23, raising questions about the vulnerability and resilience of the digital payments infrastructure.

Thieves steal funds via payment apps using their victims’ iPhone passcodes or the smartphones’ facial recognition technology.

Digital payments dominate retail transactions in Sweden, but cash usage has not declined to irrelevance.

Millions of U.S. customers use payment apps and solutions to transfer money. But free, fast, and convenient mobile payments also attract criminals, fraudsters, and scammers.

After the U.S. Supreme Court removed the constitutional right to abortion, state prosecutors could subpoena banks' and fintechs' payments data to use it as criminal evidence.

Currency in circulation and the cash infrastructure expanded in Afghanistan during the “Forever War” and the Covid-19 pandemic. In the years before the second Taliban regime, the Afghan central bank promoted digital and mobile payments to mitigate high financial exclusion.

During the Covid-19 pandemic, Mexicans did not switch en masse to CoDi, the central bank’s mobile payments platform launched in 2019. Cash continues to dominate retail payments.

Cash demonstrated its resilience in the aftermath of snowstorm Uri in Texas, amid widespread power outages, electronic payments failure, and the shutdown of financial infrastructure.

The People’s Bank of China tells merchants to accept cash or face sanctions in the wake of a widening digital divide. The rapid transition to digital payments is leaving some behind and creating “gaps of digitalization”.