Today’s consumers want full control over their digital lives — and payments are a big part of that. Digging around for cash or swiping a physical debit or credit card is becoming a thing of the past. More and more people are turning to digital wallets instead.

Digital wallets have gained massive popularity in recent years. Major players like Apple, Mastercard, Amazon and PayPal are already offering this form of payment. Digital wallets give users more security and flexibility to make payments, manage finances — and from 2025, even store identification documents digitally. Nearly half of all online payments globally are now made via a digital wallet. By 2026, that number could reach 54%.

Digital wallets let users store multiple payment methods in one place — from credit and debit cards to loyalty cards and event tickets. Most wallets support contactless payments, enabling users to complete transactions in seconds — quickly, securely and with minimal effort.

Thanks to strong encryption and authentication protocols, digital wallets are often more secure than traditional payment methods. They reduce the risk of physical card loss and allow for advanced fraud prevention. As usage increases, biometric authentication (like Face ID or Touch ID) is becoming the standard — offering powerful protection through encrypted biometric data. This is especially valuable for cross-border payment platforms helping customers navigate complex international systems.

As demand for digital wallets and contactless payments keeps growing, payment service providers like Buckaroo are evolving to meet those needs. Since 2019, Buckaroo has supported digital wallets such as Apple Pay, PayPal, and WeChat Pay.