Educating people through the world of digital transactions is part of our professional responsibility, and we are doing our best inorder to to deliver significant, satisfying efforts. Digital Transformation is a win for everybody, but only if no one is lagging behind.
Digital wallets allow consumers to load and store payment methods and access funding sources, such as cards or accounts, on their mobile devices. These wallets will be increasingly important as a payment ‘front end,’ as exemplified by Apple Pay and the relaunched Google Pay.
The use of digital wallet–based transactions grew globally by 7% in 2020, according to a report by FIS, a financial services technology group, which also forecast that digital wallets will account for more than half of all e-commerce payments globally by 2024, as shoppers shift from card based to account and QR code based transactions.
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