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CHYP Wallets redux

At the end of 2018 we put together our “live five” areas where we think our customers should be focusing on over the coming year. I think some people were surprised to see us put digital wallets on the list but we were sure, based on projects that we were already involved in, that wallets are set for a resurgence.We are hardly the only set of industry observers to think this (in fact Accenture made a similar prediction in February of this year, saying that "wallets for both e-commerce and in-store payments will start appearing in sectors such as supermarkets, fuel and quick-service restaurants, emulating the success of Starbucks and Walmart”.

 

Digital Wallet Schema Picture

 

(Accenture also post , and focused on a slick checkout process using biometric authentication.)

From Payments predictions for 2019 | Accenture Banking Blog.

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