Fintechs, banks, and the government will reshuffle the payments deck in 2024. New features and competition will redefine the digital wallet user experience, and FedNow will pivot payment flows in new directions.
Payment industry innovation and competition will transform mobile commerce and diversify payment flow routes in 2024. Consumers and businesses will win big, benefiting from instant payment expansion, commerce enablement tools, and broader payment choices.
Key Report Features:
- Exportable files for easy reading, analysis and sharing.
- 3 Charts: Reliable data in simple displays for presentations and quick decision making.
Table of Contents
- Feature innovation will transform digital wallets into everyday commerce enablers
- Paze will put open-loop digital wallet leaders on notice
- FedNow will take a bite out of bill pay
- Sources
- Media Gallery
Charts
- US Mobile Wallet Users and Penetration, 2021-2027 (millions and % of smartphone users)
- Mobile Payment App/Wallet That US Adults Use Most Often for Online vs. In-Store Purchases, July 2023 (% of responses)
- Annual US Consumer Bill Payment Value, by Type of Payment Instrument, 2022 (billions and % share)
Companies Mentioned
- Paze
- FedNow
