Digital wallets are poised to reshape the way businesses interact with their customers.
emerging as a transformative force, poised to reshape the way businesses interact with their customers.
“Closed-loop wallets, like public transport cards, have wide adoption, but money in the wallet is trapped. The true potential lies in the ability to ‘open up’ these closed-loop wallets, allowing users to leverage their stored value beyond the initial use case.
A large part of the problem is vendor lock-in. When a business is locked into a single vendor’s platform or solution, it loses the ability to integrate easily with other providers or platforms. This can hinder its ability to adapt to changing market conditions or customer needs.
Global Kinetic Futurebank Mobile
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