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Digital Wallets: How to get your slice of a $10 trillion industry

Fuelled by the rise of smartphones, e-commerce and contactless payments, digital wallets have migrated from alternative to mainstream in a very short time. They are now regularly used by consumers around the world, both instore and online.

In 2020, there were 2.8 billion digital wallet users spending $5.5 trillion globally. By 2025, this is expected to surpass 4.4 billion, creating a $10 trillion market where one in every two people will choose to pay this way.

In this research, Mambu reveals how businesses like yours, whether a bank, a fintech or a non-bank, can reap the benefits of this lucrative and highly customer-centric opportunity.

A win-win for consumers and businesses

Today, digital wallets are seen as a driver of strategic growth with more and more banks and non-banks looking to leverage this offer to:

  • Grow market share,
  • build customer loyalty,
  • open market segments and
  • drive new revenue streams.

Cloud-native core banking platforms like Mambu can facilitate digital wallet entry faster, with less friction and reduced overall cost. Find out how to fast-track your digital wallet success:

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Digital Wallets

Mambu for you

Build and customise your own  stored value offer with Mambu’s cloud-native infrastructure. Our digital wallet software solutions offer all the features and functionality you need to create, launch and operate a winning wallet product.

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Boost customer acquisition

with low risk deployment and high frequency interaction

Improve sales conversion

with seamless customer experience

Make new customer segments more viable

with the ability to reach the underserved and unbanked markets

Sprint ahead with Mambu