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Strategy Briefing

Digital Disruptors: The Global Competitive Landscape of Digital Wallets

Jul 2020

US$1,325

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About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Digital wallets have widely disrupted the payments industry and new innovative products and services continue to launch. A rising digitally adept generation and speed and convenience demanded by consumers have resulted in rapid advancements of innovations and this has driven an increase in adoption of digital wallets. This briefing includes profiles on the following companies: Apple Pay, Alipay, Visa Checkout, Masterpass, Google Pay, Samsung Pay, PayU, Paytm, Qiwi and others.

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Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

Key Findings

The wallet war

Developments and innovations in this retail environment are fast and rampant. Digital wallet operators need to spend more resources obsessing over each and every touchpoint that consumers have. While it is vital to remain competitive, it is also important to partner and integrate the best and most beneficial technology to improve the odds of a successful future. Technology giants have paved the way for the propagation of non-payment players.

Super apps shaping the future of how consumers pay

The move towards super apps first emerged in China because of the market’s unique qualities, including its status as the world’s first so-called mobile-centric nation. The Asia Pacific region leads the world in the transition into using the smartphone or/and wearable electronics as a tool for commerce. While digital wallet adoption in the Western market still requires a push to convince consumers of its added value, the ecosystem by these Super Apps may help convince more consumers to utilise digital wallets.

Role of plastic cards and traditional financial institutions under threat

Digital wallets are gaining massive popularity globally due to a rising digitally adept generation and speed and convenience demanded by consumers, resulting in rapid advancements of innovations that has driven an increase in adoption of digital wallets to facilitate mobile and wearable payments transactions. Where there are still barriers to overcome, digital wallets have the potential to steer society towards a cashless world.

COVID-19 pandemic accelerating adoption of digital wallet usage

While habits of card usage are notoriously difficult to break, the COVID-19 pandemic is driving a permanent shift in how consumers globally are paying. Digital wallet operators need to continue to educate and increase public awareness to drive further widespread adoption.

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Introduction

Scope of the Digital Consumer

Key findings

State of Play

Technology companies grabbing a bigger piece of the pie

Super apps have grown out of one of three domains

Addressing security concerns over usage of digital wallet

Regulations and partnership are vital to drive adoption

Mobile wallet adoption rate differs across regions

Profiles on Global Disruptors

Apple Pay

Alipay

Visa Checkout

Masterpass

PayPal

Google Pay

Samsung Pay

PayU

Paytm

Qiwi

Beam

BBVA Wallet

Profiles on Disruptors in the Americas

MercadoPago

Citibanamex Pay

Profiles on Disruptors in Asia

LINE Pay

GoPay

Suica

PayMaya

PayLah !

PromptPay

TrueMoney

Profiles on Disruptors in EMEA

RaiPay

Payback Pay

BLIK

BKM Express

Paylib

Yoyo Wallet

Satispay

Swish

SnapScan

Prospects

Digital wallets are shaping digital consumers of the future

The role of banks in the payments space will continue to evolve

Cross-border payments as the next digital wallet battleground

Impact COVID-19 will have on digital wallet uptake

Why buy this report?

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Megatrends

Strategy Briefing

Digital Disruptors: The Global Competitive Landscape of Digital Wallets

New Report Guarantee

About This Report

New Report Guarantee

Overview

Why buy this report?

Key Findings

The wallet war

Super apps shaping the future of how consumers pay

Role of plastic cards and traditional financial institutions under threat

COVID-19 pandemic accelerating adoption of digital wallet usage

Want to find out more about this report?

Table of Contents

Introduction

Scope of the Digital Consumer

Key findings

State of Play

Technology companies grabbing a bigger piece of the pie

Super apps have grown out of one of three domains

Addressing security concerns over usage of digital wallet

Regulations and partnership are vital to drive adoption

Mobile wallet adoption rate differs across regions

Profiles on Global Disruptors

Apple Pay

Alipay

Visa Checkout

Masterpass

PayPal

Google Pay

Samsung Pay

PayU

Paytm

Qiwi

Beam

BBVA Wallet

Profiles on Disruptors in the Americas

MercadoPago

Citibanamex Pay

Profiles on Disruptors in Asia

LINE Pay

GoPay

Suica

PayMaya

PayLah !

PromptPay

TrueMoney

Profiles on Disruptors in EMEA

RaiPay

Payback Pay

BLIK

BKM Express

Paylib

Yoyo Wallet

Satispay

Swish

SnapScan

Prospects

Digital wallets are shaping digital consumers of the future

The role of banks in the payments space will continue to evolve

Cross-border payments as the next digital wallet battleground

Impact COVID-19 will have on digital wallet uptake

Why buy this report?

Want to find out more about this report?

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