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What should the digital wallet platform be like in 2025? It should have a flexible, scalable, and compliant architecture. In our new blog article, we’ll talk about three key components of a successful mobile wallet — KYC, escrow, and API. They work as a single system, ensuring identity verification, secure retention of funds, and seamless…
The mobile wallet market continues to grow rapidly, offering users convenient solutions for payments, storing funds, and international transfers. Its value amounted to $47.53 billion in 2024 and is expected to grow to $56.92 billion in 2025 at a CAGR of 19.8%. The industry is projected to grow at an average of 20% per year…
Why install an e-wallet on your mobile device if you already have a bank app? The devotees of digital wallets dub convenience, cost-friendliness, and security as the key reasons. Considering this, it becomes clear why the popularity of online wallet payments grows exponentially while pushing fintech startups towards game-changing solutions. If you seek the best…
When was the last time you paid in cash? A decade ago, you would have answered “Yesterday” without hesitation. But today, digitalization has transformed our payment habits. McKinsey’s study shows that over 90% of consumers have made a digital payment within the past year. Statista also points out how common mobile wallet apps are. They…
Is implementing blockchain a good idea? See for yourself. According to Buy Bitcoin Worldwide, “the global blockchain market will be worth $1,431.54 billion by 2030, growing at a CAGR of around 85.9% from 2022 to 2030.” The same source states that blockchain can reduce 30% of banks’ infrastructure costs, i.e., more than $10 billion every year….