The payments behemoth singled out digital wallets as a way to boost engagement going forward.

Confirming speculations, Meta is enabling P2P payments within WhatsApp through its digital wallet app, Novi.

Meta (formerly Facebook) is testing its digital wallet Novi, with a money transfer pilot between the US and Guatemala. Novi is supported by Coinbase and will let users send money with Paxos’ Pax Dollar (USDP), a stablecoin pegged to the US dollar.

PayPal launched a softPOS solution that lets merchants accept contactless payments and can help PayPal gain more in-store volume.

Offering users 3% at PayPal merchants and 2% elsewhere can help PayPal achieve the user engagement goals it outlined earlier this year.

The tech giant appears to have switched Apple Cash over from Discover to Visa and enhanced fraud prevention features for Apple Pay.

EU probing Apple Pay: Restricting access to key NFC technologies on iPhones prevents EU banks from providing payment solutions, limiting competition. Mounting scrutiny could alter the duopoly’s payments dominance.

List of Big Tech companies, carmakers shunning Russia grows longer: Services and apps go dark, putting pressure on Russian consumers. But will continued sanctions influence the Russian government?

Wallet providers could use that to attract new customers to proximity payments, beginning with converting the 47% of UK shoppers who have used a digital wallet to make an ecommerce payment online to do so in-store as well—if they have not already.

Slowing growth follows muted interest: Digital wallets made up only 7% of point of sale (POS) volume in 2020, a slightly bigger share than cash, per Worldpay. But it also indicates providers have an opportunity to improve usage simply by invigorating consumer interest and playing up mobile’s advantages.

Mobile payments are near universal across use cases in China, thanks to high mobile penetration and the rise of a wallet duopoly that’s made them accessible, affordable, and convenient.

PayPal said the accounts were linked to user acquisition campaigns—here’s what our forecasts say about the firm’s user base.

The omicron variant and a lack of stimulus funds may have stunted volume growth. Here’s how PayPal can use its super app to boost engagement.