Amid debate about whether digital wallets or card payments will rule the roost, Hans Sjölund, Head of Card Sales & Business Development at Tietoevry Banking argues that cards and phones can complement each other, using five scenarios to show how cards and phones work together for better convenience, security and trust in payments.
The digital revolution has enabled an entire generation of new payment methods, from digital wallets through to wearables, crypto-currencies and account-to-account transactions. Some estimates suggest that half of the world’s population will use digital wallets stored on mobile devices by 2050. However, with non-cash transactions set to grow by 80% through 2025, that’s only part of the story.
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