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By Funto Omojola, NerdWallet Mobile wallets that allow you to pay using your phone have been around for well more than a decade, and over those years they’ve grown in popularity, becoming a key part of consumers’ credit card usage. According to a “state of credit card report” for 2025 from credit bureau Experian, 53% of Americans in a survey say they use digital wallets more frequently than traditional payment methods. To further incentivize mobile wallet usage, some credit card issuers offer bonus rewards when you elect to pay that way. But those incentives can go beyond just higher reward rates. In fact, mobile wallets in some ways are becoming an essential part of activating and holding a credit card. For example, they can offer immediate access to your credit line, and they can be easier and safer than paying with a physical card. From a rewards perspective, it can make a lot of sense to reach for your phone now instead of your physical card. The Apple Card offers its highest reward rates when you use it through the Apple Pay mobile wallet. Same goes for the PayPal Cashback Mastercard® when you use it to make purchases via the PayPal digital wallet. The Kroger grocery store giant has a co-branded credit card that earns the most when you pay using an eligible digital wallet, and some major credit cards with quarterly rotating bonus categories have a history of incentivizing digital wallet use. But again, these days it’s not just about the rewards. Mobile wallets like Apple Pay, Samsung Pay and PayPal can offer immediate access to your credit line while you wait for your physical card to arrive after approval. Indeed, most major issuers including Bank of America®, Capital One and Chase now offer instant virtual credit card numbers for eligible cards that can be used upon approval by adding them to a digital wallet. Additionally, many co-branded credit cards — those offered in partnership with another brand — commonly offer instant card access and can be used immediately on in-brand purchases. Credit cards typically take seven to 10 days to arrive after approval, so instant access to your credit line can be particularly useful if you need to make an urgent or unexpected purchase. Plus, they allow you to start spending toward a card’s sign-up bonus right away. As issuers push toward mobile payments, a growing number of merchants and businesses are similarly adopting the payment method. The percentage of U.S. businesses that used digital wallets increased to 62% in 2023, compared to 47% the previous year, according to a 2023 survey commissioned by the Federal Reserve Financial Services. Related Articles Business | Event promoters, hotels and lodging sites soon will have to disclose extra fees up front Business | Should you donate your points and miles to charity? Business | 4 ways to hit your family savings goals in 2025 Business | The year in money: inflation eased, optimism ticked upward Business | 5 ways to tell if you’re on track for retirement — and 5 things to do if you need to catch up, according to experts Wider acceptance is potentially good news for the average American, who according to Experian has about four credit cards. While that won’t necessarily weigh down your wallet, it can be hard to manage multiple cards and rewards categories at once. Mobile wallets offer a more efficient way to store and organize all of your workhorse cards, while not having to carry around ones that you don’t use often. They can also help you more easily monitor your spending and rewards, and some even track your orders’ status and arrival time. Plus, paying with a digital wallet offers added security. That’s because it uses technology called tokenization when you pay, which masks your real credit card number and instead sends an encrypted “token” that’s unique to each payment. This is unlike swiping or dipping a physical card, during which your credit card number is more directly accessible. And again, because a mobile wallet doesn’t require you to have your physical cards present, there’s less chance of one falling out of your pocket or purse. More From NerdWallet Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com. The article Activating Your Credit Card? Don’t Skip the Mobile Wallet Step originally appeared on NerdWallet .
Global Payroll and HR Software Market Size, Share and Forecast By Key Players-Sage, SAP, Oracle(NetSuite), Automatic Data Processing, Paychex 11-22-2024 11:19 PM CET | Advertising, Media Consulting, Marketing Research Press release from: Market Research Intellect Payroll and HR Software Market USA, New Jersey- According to the Market Research Intellect, the global Payroll and HR Software market is projected to grow at a robust compound annual growth rate (CAGR) of 12.62% from 2024 to 2031. Starting with a valuation of 9.99 Billion in 2024, the market is expected to reach approximately 20.38 Billion by 2031, driven by factors such as Payroll and HR Software and Payroll and HR Software. This significant growth underscores the expanding demand for Payroll and HR Software across various sectors. The payroll and HR software market is expanding rapidly, driven by the growing need for businesses to streamline human resource management and payroll processing. As organizations increasingly adopt cloud-based solutions, they gain access to more efficient, scalable, and cost-effective systems that improve accuracy and reduce administrative workload. The shift towards remote and hybrid work models has accelerated the adoption of HR software that supports employee engagement, performance tracking, and compliance management. Additionally, the growing demand for advanced features such as artificial intelligence (AI) integration for payroll automation, benefits management, and predictive analytics is further fueling market growth. Regulatory changes and the need for greater compliance are also key factors driving organizations to adopt comprehensive HR software solutions. With the continuous digital transformation in workplaces, the payroll and HR software market is expected to experience sustained growth globally. The payroll and HR software market is influenced by advancements in technology and shifting workplace demands. Cloud-based solutions are gaining popularity due to their flexibility, scalability, and lower upfront costs, enabling businesses of all sizes to automate payroll processing and HR functions. The integration of AI and machine learning into HR software enhances decision-making by offering predictive analytics and streamlining administrative tasks. However, challenges such as data security concerns, integration with existing legacy systems, and the high initial costs for comprehensive software solutions may slow adoption, especially for small to medium enterprises. Compliance with ever-changing labor laws and tax regulations also adds complexity. North America and Europe lead in market adoption, driven by a mature workforce infrastructure, while emerging regions, such as Asia-Pacific, are witnessing rapid growth due to increased digitalization and workforce management needs. Request PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) @ https://www.marketresearchintellect.com/download-sample/?rid=3933130&utm_source=OpenPr&utm_medium=072 Key Drivers: The growth of the Payroll and HR Software market is driven by several key factors. Technological advancements in Payroll and HR Software have enabled greater efficiency and enhanced capabilities, spurring adoption across industries. Additionally, the rising demand for sustainable and eco-friendly solutions is pushing companies to innovate and adopt greener practices. Expanding applications in sectors like Payroll and HR Software and Payroll and HR Software are further contributing to market demand, as these industries seek advanced solutions to streamline operations and enhance product quality. Favorable government policies and incentives in regions such as North America, Europe, and Asia-Pacific support investment and growth. Moreover, an increasing focus on Payroll and HR Software for improving operational efficiency and cost-effectiveness is encouraging businesses to embrace new technologies, fostering sustained market expansion. Mergers and Acquisitions Mergers and acquisitions (M&A) play a pivotal role in the Payroll and HR Software market, as companies look to expand their capabilities, access new technologies, and strengthen market presence. Leading players engage in strategic acquisitions to consolidate their position and gain a competitive edge. These transactions often facilitate the integration of advanced Payroll and HR Software solutions, helping firms broaden their product portfolios and meet growing customer demands. Additionally, M&A activities support companies in achieving economies of scale and penetrating new regional markets, particularly in high-growth areas like Asia-Pacific. Through such strategic alliances, businesses aim to accelerate innovation, enhance operational efficiency, and address evolving market challenges, ultimately driving the overall growth of the Payroll and HR Software market. Get a Discount On The Purchase Of This Report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=3933130&utm_source=OpenPr&utm_medium=072 The following Key Segments Are Covered in Our Report By Type On-premise Cloud-based By Application Small Business (SSB) Small and Midsize Business (SMB) Large Enterprise Major companies in Payroll and HR Software Market are: Sage, SAP, Oracle(NetSuite), Automatic Data Processing, Paychex, Microsoft, Intuit, Workday, IBM Corporation, Infor, Kronos, Yonyou, Epicor, Unit4, Xero Global Payroll and HR Software Market -Regional Analysis North America: North America is expected to hold a significant share of the Payroll and HR Software market due to advanced technological infrastructure and the presence of major market players. High demand across sectors like Payroll and HR Software and Payroll and HR Software is driving growth, with the U.S. being a key contributor. Additionally, ongoing investments in R&D and innovation reinforce the region's strong market position. Europe: Europe is projected to experience steady growth, driven by stringent regulatory standards and a rising focus on sustainability in Payroll and HR Software practices. Countries like Germany, France, and the UK are leading due to their advanced industrial base and supportive government policies. The demand for eco-friendly and efficient Payroll and HR Software solutions is expected to continue fostering market expansion. Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region, fueled by rapid industrialization and urbanization. Countries such as China, India, and Japan are driving demand due to expanding consumer bases and increasing investments in infrastructure. The region's robust manufacturing sector and favorable economic policies further enhance growth opportunities in the Payroll and HR Software market. Latin America: Latin America and the Middle East & Africa are expected to show moderate growth in the Payroll and HR Software market. In Latin America, growth is supported by rising industrial activities in countries like Brazil and Mexico. Meanwhile, in the Middle East & Africa, infrastructure development and an increasing focus on innovation in sectors like Payroll and HR Software are key drivers of market expansion. Middle East and Africa: The Middle East and Africa represent emerging markets in the global Payroll and HR Software market, with countries like UAE, Saudi Arabia, South Africa, and Nigeria showing promising growth potential. Economic diversification efforts, urbanization, and a young population are driving demand for Payroll and HR Software products and services in the region. Frequently Asked Questions (FAQ) 1. What is the current size of the Payroll and HR Software market? Answer: The Payroll and HR Software market was valued at approximately 9.99 Billion in 2024, with projections suggesting it will reach 20.38 Billion by 2031, growing at a CAGR of 12.62%. 2. What factors are driving the growth of the Payroll and HR Software market? Answer: The market's expansion is attributed to several factors, including increased demand for Payroll and HR Software, advancements in Payroll and HR Software technology, and the adoption of Payroll and HR Software across various sectors. 3. Which regions are expected to dominate the Payroll and HR Software market? Answer: Regions such as North America, Europe, and Asia-Pacific are anticipated to lead due to the presence of major industry players and growing investments in Payroll and HR Software. 4. Who are the key players in the Payroll and HR Software market? Answer: Prominent companies in the Payroll and HR Software market include Payroll and HR Software, Payroll and HR Software, and Payroll and HR Software, each contributing to market growth through innovations and strategic partnerships. 5. What challenges does the Payroll and HR Software market face? Answer: The market faces challenges such as Payroll and HR Software, regulatory compliance, and competition from alternative solutions. However, ongoing advancements aim to address these issues. 6. What are the future trends in the Payroll and HR Software market? Emerging trends include the integration of Payroll and HR Software technology, sustainability practices, and digital transformation in processes, all expected to shape the market's future. 7. How can businesses benefit from the Payroll and HR Software market? Answer: Businesses can leverage growth opportunities in the Payroll and HR Software market by adopting new solutions, enhancing operational efficiency, and expanding their offerings to meet evolving consumer demands. 8. Why invest in a Payroll and HR Software market report from MRI? Answer: MRI's report provides in-depth analysis, future projections, and key insights to support strategic decision-making, enabling businesses to stay competitive and capitalize on growth trends in the Payroll and HR Software market. 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For inquiries, Contact Us at: Mr. Edwyne Fernandes Market Research Intellect APAC: +61 485 860 968 EU: +44 788 886 6344 US: +1 743 222 5439 This release was published on openPR.Holiday stress can lead Alzheimer’s patients and those with dementia to go missing
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Timeline: Jimmy Carter, 1924-2024Holiday stress can lead Alzheimer’s patients and those with dementia to go missingBy Funto Omojola, NerdWallet Mobile wallets that allow you to pay using your phone have been around for well more than a decade, and over those years they’ve grown in popularity, becoming a key part of consumers’ credit card usage. According to a “state of credit card report” for 2025 from credit bureau Experian, 53% of Americans in a survey say they use digital wallets more frequently than traditional payment methods. To further incentivize mobile wallet usage, some credit card issuers offer bonus rewards when you elect to pay that way. But those incentives can go beyond just higher reward rates. In fact, mobile wallets in some ways are becoming an essential part of activating and holding a credit card. For example, they can offer immediate access to your credit line, and they can be easier and safer than paying with a physical card. From a rewards perspective, it can make a lot of sense to reach for your phone now instead of your physical card. The Apple Card offers its highest reward rates when you use it through the Apple Pay mobile wallet. Same goes for the PayPal Cashback Mastercard® when you use it to make purchases via the PayPal digital wallet. The Kroger grocery store giant has a co-branded credit card that earns the most when you pay using an eligible digital wallet, and some major credit cards with quarterly rotating bonus categories have a history of incentivizing digital wallet use. But again, these days it’s not just about the rewards. Mobile wallets like Apple Pay, Samsung Pay and PayPal can offer immediate access to your credit line while you wait for your physical card to arrive after approval. Indeed, most major issuers including Bank of America®, Capital One and Chase now offer instant virtual credit card numbers for eligible cards that can be used upon approval by adding them to a digital wallet. Additionally, many co-branded credit cards — those offered in partnership with another brand — commonly offer instant card access and can be used immediately on in-brand purchases. Credit cards typically take seven to 10 days to arrive after approval, so instant access to your credit line can be particularly useful if you need to make an urgent or unexpected purchase. Plus, they allow you to start spending toward a card’s sign-up bonus right away. As issuers push toward mobile payments, a growing number of merchants and businesses are similarly adopting the payment method. The percentage of U.S. businesses that used digital wallets increased to 62% in 2023, compared to 47% the previous year, according to a 2023 survey commissioned by the Federal Reserve Financial Services. Related Articles Business | Event promoters, hotels and lodging sites soon will have to disclose extra fees up front Business | Should you donate your points and miles to charity? Business | Skip the holiday debt by planning before you spend Business | 5 ways to tell if you’re on track for retirement — and 5 things to do if you need to catch up, according to experts Business | The White House is cracking down on overdraft fees Wider acceptance is potentially good news for the average American, who according to Experian has about four credit cards. While that won’t necessarily weigh down your wallet, it can be hard to manage multiple cards and rewards categories at once. Mobile wallets offer a more efficient way to store and organize all of your workhorse cards, while not having to carry around ones that you don’t use often. They can also help you more easily monitor your spending and rewards, and some even track your orders’ status and arrival time. Plus, paying with a digital wallet offers added security. That’s because it uses technology called tokenization when you pay, which masks your real credit card number and instead sends an encrypted “token” that’s unique to each payment. This is unlike swiping or dipping a physical card, during which your credit card number is more directly accessible. And again, because a mobile wallet doesn’t require you to have your physical cards present, there’s less chance of one falling out of your pocket or purse. More From NerdWallet Funto Omojola writes for NerdWallet. Email: fomojola@nerdwallet.com. The article Activating Your Credit Card? Don’t Skip the Mobile Wallet Step originally appeared on NerdWallet .