5 Predictions About the Future of Digital Wallets

Bank of America announced this week that it is piloting Visa's V.me digital wallet service with its online customers, firing up the ever-hot topic of digital wallets in the banking sector. Here are some recent quotes on the evolving digital wallets market that we selected to share.
November 30, 2012


Race to the Top

Banks should think twice before going down the path of launching their own branded independent wallets. For some, it might make sense, but many others will likely be better off focusing on making their payment credentials available and top of wallet in the wallets already out in the market, as well as enhancing and extending their mobile banking platforms with value-added services, including payments.

— Zilvinas Bareisis, Senior Analyst with Celent Banking Group and author of a recent study called "Digital Wallets: Crossing the Chasm between Online and Offline."

Source: Celent

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