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What comes to mind when you hear the words "digital wallet"? The way we interact with money has changed dramatically over the last few years (eg. cash vs. cards) and technology is driving the cashless and even cardless environment we see ourselves in today. So how are digital wallets facilitating this transition?
The growth in digital wallet usage is a global trend. All mobile users making a transaction using their devices have the same story to share. In the United States alone, 57 percent of users (which amounts to 60 million people) have used a mobile wallet at least once. In Australia, 72.4% of Aussies are using at least one form of digital payment, with adoption tipped to rise as society edges towards a cash and cardless environment.