3 PAYMENT METHOD SCORECARD: DIGITAL WALLET (PASS-THROUGH)
Global Usage (POS) Worldpay’s Global Payments Report 2025 showed digital wallets making up 30% of global POS payments in 2024 Global Usage (Ecommerce) Worldpay’s Global Payments Report 2025 showed digital wallets making up 49% of global ecommerce payments in 2024. Authorization/Pre-Authorization Card payments easily allow merchants to have flexibility in the authorization amount. This is ideal for hospitality merchants, like airlines and hotels, because they can authorize the transaction at an earlier date than the charge occurring. Recurring Payments It is possible for pass-through digital wallet to vault credentials on file allowing them to be used for recurring payments. However, this may not be feasible for all.
User Experience
Metrics
Weight Score
POS Speed
10% 4.0 10% 2.0 15% 5.0 15% 4.0 10% 3.0 10% 4.0
Refund Posting Time
Omnichannel
FX/Cross-Border Global Usage (POS)
Global Usage (Ecommerce)
Authorization & Pre- Authorization Recurring Payments
15% 5.0
15% 4.5
TOTAL SCORE
4.1
POS Speed Contactless technology has increased POS speed for card payments. While online transactions can experience friction, especially with 3DSecure, the use of passkeys to quickly access log-in credentials
has increased online speed. Refund Posting Time
Refunds are handled by the underlying payment method used in a pass-through digital wallet. Omnichannel Digital wallets can be accessed through a variety of mediums, including smartphones, smartwatches, smart fitness trackers, mobile apps on smart “connected” devices, and via apps or web browsers. Smart devices use a variety of technology mediums to connect digital wallets to a point of sale and/or purchasing environment. Such technologies include near-field communication (NFC), magnetic stripe emulation (MST), Bluetooth (BLE), QR codes scans, and web-based browser or in App payments. FX/Cross-Border Global card networks are available in most countries, making card payments easy to use cross-border. However, depending on the user’s issuer, foreign exchange fees can be expensive.
177
Powered by FlippingBook