Retail Technology
| Log in | Subscribe



Subscribe | Log in
Retail Technology
Subscribe

Digital wallet use on the rise

By Retail Technology | Thursday August 4 2022

A new study from Juniper Research has found that the total number of digital wallet users will exceed 5.2 billion globally in 2026, up from 3.4 billion in 2022; representing strong growth of over 53%.

The research predicts that the presence of ‘superapps’ will drive digital wallet use in developing countries that are currently considered cash heavy. 

Superapps are multipurpose apps able to integrate digital payments alongside other services, including wealth management and eCommerce.

Research co-author Damla Sat said: “These rapidly growing markets represent a significant opportunity for digital wallet vendors, but they must work intelligently to maximise their position. A highly competitive wallets’ landscape means that vendors must differentiate themselves by integrating machine learning to provide spending insights and introduce new services such as wealth management to add value.”

 

 

 

 

 

Related items

Online checkouts losing money for retailers

By Retail Technology | Retail Technology

Danone trials research management tool

By Retail Technology | Retail Technology

Walmart adds new research software

By Retail Technology | Retail Technology

Fat Face introduces multichannel customer feedback programme

By Retail Technology | Retail Technology

Consumers receptive to beacon technology

By Retail Technology | Retail Technology

Research predicts online sales of £45 billion in 2014

By Retail Technology | Retail Technology

RESEARCH: Products that deliver themselves

By Retail Technology | Retail Technology

More retailers plan network IP migration

By Retail Technology | Retail Technology

Subscription models leading the way, finds study

By Retail Technology | Retail Technology

Amazon tops retail multichannel benchmark

By Retail Technology | Retail Technology