Digital wallets. eWallets. Super apps. Mobile wallets (not to be confused with mobile money). Whatever you call them, digital wallets are not going anywhere, and are growing exponentially in users and downloads. Digital wallets are utilized globally because they're simple, convenient, and quicker than the traditional banking system.
Make it as easy as possible for your growth operations by bringing a payment partner on board who can integrate the most popular local digital wallets through one API.
Digital wallet payment solutions
The four-step process for digital wallet transactions
Digital wallets allow users to instantly transfer funds through several linked routes – from QR codes, credit or debit cards, and tap-to-pay using Near Field Communication (NFC) technology. The user will need to transfer the funds from an existing bank account, or credit/debit card information must be uploaded for transactions via eWallets.
Each digital wallet will have a varying transaction flow, but the general steps are as follows:
-
Select digital wallet of choice from the the checkout page
-
The checkout page will redirect to the digital wallet’s payment page
-
Input one-time pin/pin/biometrics to confirm the payment
-
Instant payment notification received by the user and the merchant
Benefits of accepting digital wallet transactions for your business
Projections show by 2025, one in two people will use digital wallets. If your business is expanding into emerging markets, specifically Southeast Asia, digital wallets are necessary to drive conversion. Wallets are said to grow 311% between 2020 and 2025 in the region.
-
Coverage
Cover all your bases and integrate the most popular digital wallets in the regions you’re active in.
-
Fast-growing
Digital wallets are one of the fastest-growing alternative payment methods in terms of user-adoption.
-
Customer trust
Offering local payment options customers use in their day-to-day helps build trust and familiarity with your company.
Pakistan
Indonesia
Philippines
Vietnam
Mexico
Peru
