The whole mobile wallet horizon is evolving at a rate of knots. Over the coming years, due to its flexibility and immediacy, financial institutions are likely to see more integrations regarding mobile payments. Mobile wallets are prevalent among millennials (18-34-year-olds) as they are accessible, fast, safe, and transparent. These are the main reasons why the young and old have chosen mobile wallets and digital payments as their favorite mode to manage their finances.
Here, we will see the journey of mobile wallets, how it is expanding their wings in the present and what the future holds for the digital payment solution.
