The total value of digital wallets transactions will rise from $9-trillion in 2023 to $16-trillion in 2028, growth of 77%, according to a new report from Juniper Research.
A digital wallet is a software-based system that can act as a storage mechanism for a user’s payment, identity, loyalty, or ticketing information. Research author Michael Greenwood adds: “Advanced services give digital wallet providers an opportunity to differentiate themselves in a congested market and generate additional revenue. Super app strategies, which many digital wallets are pursuing, will rely on the effective deployment of advanced services at scale.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: