Report
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.
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A win-win for consumers and businesses
Digital wallets are booming
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
- 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.
Sprint ahead with Mambu
Fast-track your digital wallet success
Boost customer acquisition
with low risk deployment and high frequency interaction
Improve sales conversion
with seamless customer experience to keep customers and win new ones
Explore new segments
with the ability to reach the underserved and unbanked markets
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