What is a Digital Wallet? A software-based system that securely stores users’ payment information and digital credentials for many payment methods, credential issuers and websites in one location such as a mobile phone app that can be used online or in a retail store are gaining popularity. Businesses and consumers want digital wallets more than ever. Advances in contactless technology are quickly turning demand into reality. However, barriers remain. Criminals are adapting their methods – looking for new ways to steal. Without trust in the system and effective countermeasures, widescale adoption is hampered and fraud is a constant threat.
Digital wallets add complexity to the vast mesh of data and security required to support online shopping and e-commerce. They also deliver new ways to meet customer expectations. Download the study to learn the top outcomes of digital wallets across financial services, healthcare, government and retail.
The next 12 months will be a critical time in digital wallet evolution. Download the full study to gain a better understanding of the coming digital wallet challenges and potential solutions.
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