Digital wallet is a virtual wallet that allows users to store and manage their payment information. In this post, we will explore the various types of digital wallets, their features and functionalities, popular providers, challenges and concerns, and future prospects and trends.

Explore the world of EMV technology and its impact on payments. From the basics of what EMV is and how it works, to the benefits it provides such as increased security and global acceptance. Discover the implementation process, the concept of liability shift, and the challenges businesses face when adopting EMV. Get a glimpse into the future developments and conclude with the overall impact and effectiveness of EMV technology.

On June 28, the European Commission published its proposal to revise the EU Payments Services Directive (PSD2). This long-awaited proposal contains a number of significant improvements and developments that would impact third-party providers, banks, payment service providers (PSPs) and ultimately retailers.

Payments have evolved significantly throughout time. The graphic below show the evolution of paper money from its first use in 806 to cheques, wire transfers, credit payments, and finally a variety of plastic payment systems up to 1979.