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Aite Handicaps the Digital Wallet Players

Who will win the digital wallet race?

By Robert McGarvey | Updated on November 11, 2011

Who will win the digital wallet race? That is the central question in Aite Group’s new report on the emerging battle for the digital wallet, and the bad news for the established financial services players – think MasterCard and Visa – is that their existing lines of business “shackle” them to old-school technologies. 

That is why Aite researcher Rick Oglesby argued that the smart bet is on the “more disruptive” – that is, innovative – approaches coming out of new-style players such as PayPal.

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