Digital Wallets

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Digital Wallet User Base to Increase to 4B by 2024

EXPANSION The report forecasts mobile payments will drive non-cash transaction growth The number of digital wallet users globally will increase from 2.3bn in 2019 to 4bn in 2024 and global non-cash transactions will grow to nearly 1.1tn in 2023 from 708.5bn in 2019, according to the World Payments Report 2020.

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Nine in 10 Consumers Use Digital Wallets

Nine in 10 Consumers Use Digital Wallets

Digital wallet usage and online shopping are both surging across the globe. According to the “2020 Multinational BrandedPay” report from global branded payments provider Blackhawk Network, 88% of consumers surveyed in eight countries including the U.S. use a digital wallet of some kind. In the U.S.

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The Case for One-time Passcodes: Is Your Digital Wallet Offering Maximized?

The Case for One-time Passcodes: Is Your Digital Wallet Offering Maximized?

Spurred by health concerns and the rapid shift from brick-and-mortar to online shopping, digital wallet usage has surged in the time of COVID-19.

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What’s in Which Wallet?

What’s in Which Wallet?

It’s no longer just a question of what’s in your wallet – it’s now a question of which wallet consumers are pulling out to make a purchase. As mobile wallets have increased in popularity, with an 8% uptick in consumer interest since last year, we see a dynamic developing that could change the way banks […]

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Banks’ Days May Be Numbered Thanks to Digital Wallets

Banks’ Days May Be Numbered Thanks to Digital Wallets

By 2024 there may be more than 220 million digital wallets, representing an $800 billion opportunity. But it won’t be the traditional banks that benefit from this red-hot growth, it’s the fintechs that are poised to win.

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How to Make Your Wallet App a Finance Sector Disruptor

How to Make Your Wallet App a Finance Sector Disruptor

So you have an idea for a mobile wallet application. One that you see becoming what PayPal is for the USA and PayTM is for India.

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Alleging Digital Wallets Are Not Prepaid Products, PayPal Sues the CFPB Over Its Prepaid Rule

Alleging Digital Wallets Are Not Prepaid Products, PayPal Sues the CFPB Over Its Prepaid Rule

PayPal Holdings Inc. on Wednesday sued the Consumer Financial Protection Bureau alleging the regulatory agency’s 8-month-old prepaid rule represents a “category error” and a violation of the First Amendment and should be vacated by the court. The lawsuit, filed in the U.S.

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