Contact us

To help us direct you question to the best team to provide an answer please select which option best descibes you.

  • I would like to speak to someone about setting up a new account
    Next
  • I'm an existing customer and need help with my account
    Next
  • I’m looking to integrate payments to my software platform or application
    Next
  • I’m a member of the media
    Next
Previous ArticleWant to understand payments as a service?Next ArticleWhich US states have regulated sports betting?

Where next for digital wallets?

Apr 21, 2017

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.

Tags:

Recommended Articles

Rethinking remittances with eCash

Apr 05, 2023 - One billion people around the world depend on remittances to make ends meet and improve their economic situation. But rapid digitalization has made it harder for cash-reliant migrants to send money to their loved ones, and for recipients in cash-based economies to use it. eCash can bridge the gap and make remittance services more accessible for everyone.

  • Sebastian Seifert, SVP Sales & Business Development, Barcode

LiT: What’s next for cash post-COVID-19?

May 14, 2020 - There is still a significant role for cash in consumer payments, but with shoppers increasingly relying on eCommerce in the wake of COVID-19, will their relationship with cash change? And if so, how?

Read more

There is still a significant role for cash in consumer payments, but with shoppers increasingly relying on eCommerce in the wake of COVID-19, will their relationship with cash change? And if so, how?

Read more

Why tackling financial inclusion will be key to the U.S.’ COVID-19 recovery

Mar 29, 2021 - The economic impact of the pandemic has hit many American consumers and businesses hard, and some of those worst affected are the unbanked and their communities. Addressing the issues of financial exclusion must be a priority in the post-COVID-19 recovery.

Read more

The economic impact of the pandemic has hit many American consumers and businesses hard, and some of those worst affected are the unbanked and their communities. Addressing the issues of financial exclusion must be a priority in the post-COVID-19 recovery.

Read more

Are cash payers the future customers of challenger banks?

Mar 03, 2021 - Being dynamic and agile, particularly in the pursuit of better user experience for customers, is a common trait of digital banks. This is key to their competitive advantage when compared to traditional banking. And while cash consumers seem to represent a rather conservative demographic as it relates to financial services, this group is an increasingly attractive target for digital banks, especially during the global pandemic.

  • Robert Albrecht, Head of Paysafecash, eCash
Read more

Being dynamic and agile, particularly in the pursuit of better user experience for customers, is a common trait of digital banks. This is key to their competitive advantage when compared to traditional banking. And while cash consumers seem to represent a rather conservative demographic as it relates to financial services, this group is an increasingly attractive target for digital banks, especially during the global pandemic.

Read more