Digital Wallets Provide Customer Convenience and Security
3-minute read ---
With eight out of ten people carrying a personal mobile device in their pockets, consumer demand for contactless experiences is skyrocketing. Customers are utilizing personal devices to self-manage a wide variety of engagements and services that lead directly to payments.
The overall contactless payment market is expected to surpass $4.6 trillion by 2027, with North America poised to be the leading market. *
With the growing number of customers preferring to order and pay for food and drinks online, restaurants must offer secure and convenient methods for efficiently managing payment transactions. Today, customers expect flexible and frictionless solutions that streamline online and in store payment transactions with minimal or no interaction with restaurant staff.
*Precedence Research, published August 06, 2021
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