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Wallet wars: How digital payments are reshaping finance

The Payments Association

The technology behind digital wallets has advanced rapidly, transforming them from simple payment tools into comprehensive financial ecosystems. Optty CEO Natasha Zurnamer highlights this shift: Digital wallets have expanded functionality well beyond the processing of a payment.

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Which Wallet Solution Matches Your Business Model: eWallet or Digital Wallet?

Finextra

Users can: Store card credentials securely Authenticate with biometrics Make fast, online, and contactless payments Access loyalty points, tickets, or IDs You’re not managing funds. Conclusion Your wallet solution is more than a payment tool. The digital wallet becomes a smart layer on top of the existing infrastructure.

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Announced at Singapore FinTech Festival 2024: New Partnerships, Product Launches and Appointments

The Fintech Times

New wallet payment experience – Soon, consumers will be able to use their wallets to scan and pay at merchants outside of their domestic markets that accept Visa via scanning-enabled QR codes. Visa Payment Passkey – Enables consumers to authenticate their identity, and authorise payments, by scanning their biometrics.

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The Digital Wallet Revolution: How It's Reshaping Consumer Behaviour and Payment Infrastructure

Finextra

Implication for FSIs: Banks must move beyond static authentication models and embrace real-time risk scoring , behavioural biometrics , and API-first integration to compete. Beyond Payments: Wallets as Ecosystem Gateways Digital wallets are evolving into multi-functional personal finance and identity platforms.

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How To Integrate a Payment Gateway into Sage Software

EBizCharge

Security features to look for include: Tokenization & encryption: Protects payment information from unauthorized access. Fraud prevention tools: Helps detect and prevent fraudulent transactions. Two-factor authentication (2FA): Adds an extra layer of security for account access.

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Xsolla partners with Affirm for optimised payments

The Paypers

Following this announcement, Affirm’s transparent and flexible payment options will be made available to game developers who are using Xsolla’s payments tools in the US, with plans to expand to the regions of Canada and the UK in the coming months.

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Canadian Merchant Accounts: Top-Rated Payment Processing with EBizCharge

EBizCharge

Here’s how the merchant account setup process works: Initial consultation Application submission Underwriting and risk review Configure your merchant account and payment gateway Install payment tools Begin processing payments 1.