Executive Guide to Digital Wallets
A Comparative Analysis of Models and Their Business Potential
Unleash the Full Potential of Digital Wallets with This Practical Guide for Executives in the Financial Sector
This whitepaper is crafted for business and technical leaders in banking, Fintech and financial services, who aim to utilize the profitable market opportunities, presented by digital wallets, and are looking for in-depth, expert analysis on the types of e-wallets, use cases and business models available, to guide and inspire their strategic decisions.
It is essential to understand how digital wallets can interact with monetary value, since this may be a critical milestone in determining the business model of the underlying company strategy. This will undoubtedly set the legislative requirements for the wallet operator's licensing, as well as affect the business plan and level of interoperability with other parties. When deciding whether to invest in a digital wallet, these factors must be carefully considered.
The three main types of digital wallets are:
- Stored-value account wallet
- Bank-managed wallet
- Open banking wallet
The objective of this whitepaper is to provide an overview of the various aspects of the potential interactions that the above digital wallet models have with monetary value:
- What advantages each model has to provide for companies who operate wallets?
- Which organizations is each wallet model suitable for?
- What are the most important use cases that can be supported by the various models?
A digital wallet can be the stepping stone to fulfilling the various business models in your digital strategy. This is why considering a partner with extensive expert knowledge in the field is critical.