Digital Wallets have become a global phenomenon. It is redefining how people transact, pay for things and how other financial services are being integrated on one platform for more efficiency. They are beginning to penetrate the full traditional financial services stack, including brokerage and lending.
Digital wallets could serve as lead generation platforms for commercial activity beyond financial products. Companies like Cash app and Venmo users are surpassing the number of deposit account holders at the largest financial institutions.
