Digital wallet growth drives revenue as innovations boost security

In a recent survey, 82% of executives across the globe said they believe digital wallet use will improve their company’s revenue over the next five years. The road to earning these revenues while securing customer digital IDs and accounts, however, has some tight learning curves.

The stakes for implementing a strong digital payments strategy are high for consumer-facing companies. Global usage of alternative payments is booming and fraudsters are following the money, potentially putting your customers — and your reputation — at increasing risk.

Pandemic speeds shift to ecommerce

The global transition to ecommerce was already well underway before COVID-19 hit, but the pandemic has accelerated the move to online channels. Statista reports in the first six months of 2020, global ecommerce monthly traffic grew from 16 billion to 22 billion. ¹

 

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