On this week’s episode of News & Views, sponsored by Vanta, The Fintech Times Podcast team speak about the significant opportunity digital wallets represent for consumers, as per the FCA and PSR, as well as Token.io and Fabrick‘s partnership, which looks to expand on the benefits and adoption of account-to-account payments in the UK.
The conversation started off with Francis discussing the growth of pay-by-bank and how a new partnership was looking to accelerate the payment method’s adoption. Reflecting on the last time the pay-by-bank was discussed, Francis and Tom look to the future of the tech’s adoption, identifying expired cards as a key factor in its growth.
Following this, the conversation turned to digital wallets and the ecosystem’s diversity. Noting how Google and Apple are major players in the digital wallet space, almost monopolising it, Tom poses the question: is the onus on regulators to change this or is it purely down to customer preference?
Listen to News & Views Podcast on your favourite platform:
Accelerating Pay by Bank Adoption in the UK: Token.io and Fabrick Announce Partnership
FCA and PSR Detail ‘Significant Opportunity’ of Digital Wallets, as Reliance on Them Grows
