Author: sarakhan101

For individuals and businesses, digital wallets serve as payment processors whether they are sending money to a friend, relative, retailer, supplier, or small business. Additionally, mobile wallet payments and the top digital wallets in 2022 are expected to rise quickly. Toplin projects that there will be 125 million users in the US by 2025, up from this year’s 108.6 million. The primary reason for this transformation was Covid-19, which aimed to move toward digital payments in order to minimize face-to-face contact. All services—aside from Zelle—include transaction fees, which change depending on the processor. Some creditors impose interest fees. The majority…