90% of Consumers Are Familiar With Digital Wallets, but Struggle to Define Them

As digital wallets become a staple of modern consumer life, there’s a need for clarity around their functions. While many consumers are familiar with the technology, confusion persists regarding what exactly constitutes a “digital wallet.”

A PYMNTS Intelligence Report, “Digital Wallets Beyond Financial Transactions: How Do Consumers Think About Digital Wallets?,” in collaboration with Google Wallet, explores consumer awareness, use and perceptions of digital wallets across multiple countries.