While challenges remain , digital wallets have been able to simplify cross-border payments for businesses and individuals to a significant extent . In emerging markets , they have also proved to be an important tool for financial inclusion .
I ’ m certain that wallet usage will continue to increase , however , what I ’ m more excited about is how wallets evolve across different regions and what new innovations and partnerships they lead to .
TerraPay is at the forefront of this change , simplifying global money movement and addressing the gaps left by traditional financial infrastructures .
Our interoperable network for realtime , cross-border payments connects to more than 10 billion endpoints , including 2.4 billion wallets .
As global instant payments are projected to reach US $ 58tn by 2028 ( as per Juniper Research )— outpacing card transactions — this growth is largely fuelled by the adoption of Account-to- Account ( A2A ) wallets .
The future seems exciting with opportunities for collaboration that drives inclusive , affordable financial services for all , something we had set out to do . fintechmagazine . com 41