Why Digital Wallets are Critical for Merchants

Mobile wallets have transformed the global payments landscape.

Mobile wallets have become an increasingly important part of the day-to-day lives of many users, offering them a way to pay for purchases across multiple use cases. The importance of digital wallets is evident from the number of wallets in use, which we estimate to exceed 2.5 billion in 2020, accelerating to over 4.4 billion in 2025. With the importance of digital wallets greater than ever before, the onus is on merchants to ensure that their strategies reflect the significant role wallets play, in order to best reflect the need to maximize customer conversion in checkout processes.

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