Digital Wallets and Modern day Shopping
A digital wallet refers to an electroni c device that allows an individual to make electronic commerce transactions. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store. An individual's bank account can also be linked to the digital wallet. Payments landscape is very dynamic. The global payment trend indicates that the industry will continue to grow with new innovations, new regulations and mandates being rolled out by central banks and new payment programs being introduced in different regions. Business is witnessing a lot of activity around Digital – Faster Payments, Digital Wallet, IoT payments, Payment Hubs, Blockchain technology, Contextual Commerce and Security mechanisms to support these new payment trends. The buzz word is "Go Digital". Today, mobile wallet is driving the retail payment market upward, the various contactless payment technologies that increase mobile wallet adoption. In the las...