In 2024 , digital wallets have risen to become one of the preferred payments options for consumers . Enabling the completion of payments through the convenience of mobile phones , paying through digital wallets offers a seamless and quick way to complete transactions .
And , the popularity of digital wallets is only set to grow further . In its 2024 Global Payments Report , Worldpay projects that in the UK alone , payments made via digital wallets will account for £ 203.5bn ( US $ 256bn ) of e-commerce transactions by 2027 .
With the popularity of digital wallets skyrocketing , we look at the Top 10 digital wallets on the market today , available on mobile . fintechmagazine . com 35