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Not Apple Pay: Juniper Research ranked a leading digital wallets provider

May 02, 2022
best digital wallet

Not Apple Pay: Juniper Research ranked a leading digital wallets provider. Source: pexels.com

Juniper Research has found that the value of digital wallets transactions will exceed $12 trillion in 2026, up from $7.5 trillion in 2022.

It predicts that major digital payment vendors will diversify their payment products to include new solutions, such as BNPL and cryptocurrencies.

The new research unveiled that rising merchant acceptance of digital wallets methods at e-commerce checkouts has been a driving force behind enabling further digital wallets use. It predicts that APIs that connect financial institutions to local retailers will be key to the international growth of digital wallets usage for large, cross-border eCommerce merchants.

Juniper Research’s Competitor Leaderboard for the digital wallets market has identified the 5 leading market vendors as follows:

  1. PayPal
  2. Alipay
  3. WeChat Pay
  4. Apple Pay
  5. Google Pay
The digital wallets market is heavily saturated, meaning finding a source of differentiation is critically important. We have ranked PayPal as an established leader as it has successfully grown an expansive, differentiated offering; leveraging its strong merchant acceptance by expanding quickly into buy-now-pay-later and QR code payments, as well as signing partnerships with key merchants to scale its innovative solutions
Damla Sat, research co-author

We’ve reported that there’s a dip in online spending as Europeans have less purchasing power.

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