Where next for digital wallets?

Daniel Kornitzer, looks at digital wallets and how cash is an evolving element in digital payments in the April issue of Payments and Cards Magazine.

Paysafe’s Chief Product Officer, Daniel Kornitzer, looks at digital wallets and how cash is an evolving element in digital payments in the April issue of Payments and Cards Magazine.

The crown is slipping, and cash is losing its kingdom. Thanks to the growth of mobile technology and e-commerce, many people have been writing the obituary for banknotes and hailing the arrival of the cashless society. While there is no final farewell for hard currency in sight — confirmed by a recent Forrester poll in which 53 percent say they still favour traditional coins and banknotes — the future is unquestionably digital and paperless.

Smartphones are helping to drive this new economy, providing connectivity and processing power that is widening the market for contactless payments and digital wallets. And it’s a change that is being reinforced by the millennial generation.

Read Daniel’s article in full here.

Cash

Recommended Articles

How merchants can cater to Latin American consumers with alternative payment methods

Gustavo Ruiz Moya, President, Latin America

Aug 31, 2023
Four minutes

In Latin America, alternative payment methods are consistently gaining popularity. Why is this the case, and how can merchants cater to millions of Latin American consumers?

How eCash can help European iLottery operators hit the jackpot with customers

Consumers across Europe are continuing to embrace online lotteries, so how can operators ensure they’re delivering the best experience possible to match player expectations? Offering a variety of payment options, including online cash, is crucial.

Zak Cutler, President Global Gaming

Jul 25, 2023
Five minutes

A cashless Christmas? Why access to cash is key to unlocking festive cheer for many

In an increasingly digital payments landscape, there are many good reasons to make sure cash remains part of the mix. And it’s especially at times like Christmas that we see why.

Dec 21, 2022
Five minutes

Merchant’s guide: adding new payment options to the online checkout

Today, around the world, and particularly among younger generations, smartphone apps and digital wallets are used to make purchases and transfer payments with just a few taps. There are several emerging payment options available that are quickly gaining popularity with consumers. This brings a great level of convenience to online purchases and transactions.

Esteban Sarubbi, VP Commercial & Revenue Management for Latin America

Sep 06, 2022
Three minutes