I
tend to travel a lot. When I say a lot, I mean a lot. Whether its for work or pleasure I feel I am always on the go. When I am traveling there’s a lot to keep track of and not lose. Where’s my wallet? Wheres my passport? There’s too much to keep track of sometimes. One thing that is helping travelers from each and every country, is the digital wallet. A digital wallet is exactly what it sounds like, a technologically advanced and secure way to keep your cards and information all in one place without carrying around a wallet in your back pocket or your purse.
The world is evolving and becoming more and more advanced and technologically dependent. It only makes sense to make your wallet part of the future. There are tons of apps out there that allow you to input your credit card information and make cash a thing of the past. More and more people are adopting this new trend and I for one am excited to see it grow. According to a recent survey, more than 3,800 travelers from Australia, Germany, Brazil, Mexico, Canada, the U.K., and the United States who took 4 or more trips a year, stored their wallets information on their smart phone.
Although some people are still hesitant to put all their personal information on an app or their smartphone, the numbers are growing little by little. The global average at this moment is around 22% in favor of using the digital wallet as opposed to their leather one. Since Apple Pay’s launch and the Google Wallet’s inception more business travelers are using these technologies as they are backed by reputable brand name companies. The numbers are highly expected to grow in coming years.
Take a look at the graph pictured below to get a better idea of how the digital wallet is viewed among other countries across the world.
With new technology coming out each day to make phones run longer, more efficiently, always have service or wifi, and be more protected among countless other factors, the digital wallet will become a staple product for everyone. I for one am extremely excited about the evolution of this industry and can’t wait to see how the landscape changes in coming years.