digital payments platforms

Visa Token Service Participation Set to Reach $1 Trillion

Visa Token Service Participation Set to Reach $1 Trillion

Digital payments giant Visa has announced that participants in its Visa Token Service are set to reach an estimated $1 trillion in combined eCommerce transactions since the service was first introduced in late 2014. The Visa Token Service was launched as a way to replace a user’s sensitive account information with a unique digital identifier…

Grand View Forecasts $132.5 Billion Digital Payments Market

Grand View Forecasts $132.5 Billion Digital Payments Market

A new report from Grand View Research predicts that the international digital payments market will climb to $132.5 billion between 2019 and 2025. The number represents an astounding CAGR of 17.6 percent during the time period in question. The research firm attributes much of that growth to rapid technology improvements and the increasing prevalence of…

Nxt-ID Board Approves IoT Payments Spinoff

Nxt-ID Board Approves IoT Payments Spinoff

“At its outset, PartX’s platform revolves around the tokenization of payment card details, which helps to secure digital transactions.” Nxt-ID, the parent company of wearable payments specialist Fit Pay, is launching a spinoff subsidiary that will manage its IoT payments activities. The spinoff, which was recently approved by Nxt-ID’s Board of Directors, will be called…