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These days, 53% of people choose digital wallets over traditional payment methods like cash or a debit card, according to a 2023 survey from Forbes Advisor. By using digital wallets, 67% of Americans reported sometimes or always losing track of how much they spend with this payment type. Almost half of consumers, 47%, admitted to spending more money employing digital wallets than a traditional payment method.
According to research from Statista, the digital payments market could reach US$11.53 trillion in total transaction value in 2024. With an expected annual growth rate (CAGR 2024-2028) of 9.52%, the total transaction value could amount to US$16.59 trillion by 2028.
With digital transactions continuing to climb, the demand for fast and secure service highlights the benefits we can provide to financial institutions and fintech companies. Securing a core processor certification from SHAZAM, Inc. enables us to meet customers’ needs for on-the-go financial management by issuing cards and processing transactions. Our alliances with SHAZAM and banking partners allow us to offer secure cloud-based processing, core banking and card solutions through exceptional integration and accelerated go-to-market strategies.
“With this certification from SHAZAM, we are solidifying our position as a leader in the industry,” said Serge Beck, CEO of Omniwire. “Our partnership with SHAZAM boosts our
commitment to innovation and excellence by providing our clients with cutting-edge, secure, and efficient digital payment solutions, making banking faster and more accessible for everyone.”
We make it simpler and faster for banks, fintechs and other financial services startups to go to market by supplying a single gateway for multiple instant payment schemes and all standard banking functionality.
Firms can:
• Accelerate time to market
• Reduce regulatory compliance burden
• Decrease costs of building out services
• Focus on acquiring market share and attaining profitability
Our proprietary and secure cloud-based technology and SHAZAM’s extensive infrastructure are revolutionizing the landscape for businesses needing to offer payment services to their customer base. Financial institutions and enterprises require fast and secure solutions to attract customers increasingly demanding a fully digitalized banking experience.
Besides being a technology and services provider, we aim to be your partner, empowering your startup to succeed. Learn more about how we can help you at omniwire.com.
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