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Best Practices & Toolkits, SaaS, Credit, Payments Acceptance
Best Practices & Toolkits, SaaS, Credit, Payments Acceptance
Yuriy Kostenko • 21 December, 2023
General Commentary & Highlights
- A mobile wallet is a payment tool that stores the user’s payment credentials on a mobile device, which can be used to pay in stores and/or remotely (incl. person-to-person and C2B mobile commerce
- The prevalence of mobile wallets has risen in Europe, stemming from tech advancements in acceptance, heavy presence of smartphones, and consumer desire for convenience and speed
- Together with North America, Europe is still lagging in mobile wallet adoption vs. other regions, primarily driven by the fact that cards (which have high penetration among Europeans) persevere
![European Mobile Wallet Adoption_21Dec2023](https://insights.flagshipadvisorypartners.com/hs-fs/hubfs/European%20Mobile%20Wallet%20Adoption_21Dec2023.png?width=720&height=1018&name=European%20Mobile%20Wallet%20Adoption_21Dec2023.png)
Please do not hesitate to contact Yuriy Kostenko at Yuriy@FlagshipAP.com with comments or questions.
General Commentary & Highlights
- A mobile wallet is a payment tool that stores the user’s payment credentials on a mobile device, which can be used to pay in stores and/or remotely (incl. person-to-person and C2B mobile commerce
- The prevalence of mobile wallets has risen in Europe, stemming from tech advancements in acceptance, heavy presence of smartphones, and consumer desire for convenience and speed
- Together with North America, Europe is still lagging in mobile wallet adoption vs. other regions, primarily driven by the fact that cards (which have high penetration among Europeans) persevere
![European Mobile Wallet Adoption_21Dec2023](https://insights.flagshipadvisorypartners.com/hs-fs/hubfs/European%20Mobile%20Wallet%20Adoption_21Dec2023.png?width=720&height=1018&name=European%20Mobile%20Wallet%20Adoption_21Dec2023.png)
Please do not hesitate to contact Yuriy Kostenko at Yuriy@FlagshipAP.com with comments or questions.