Allied Wallet China, an Asia-based division of Allied Wallet providing online payment processing, and Founder Andy Khawaja recently celebrated reaching over 200 million eWallet users for their digital wallet e-commerce solution.
“By 2022, it’s estimated that the transaction value of mobile payment apps will reach nearly $14 trillion illustrating the fast-pace of the industry.”
Allied Wallet China and its merchants saw a busy holiday season with a 27% increase in sales, and many users around the world have signed up for their very own eWallet.
Digital wallet solutions have been adopted into e-commerce in Asia and abroad as a simple, secure way to shop online. Business owners enjoy it because it speeds up the checkout process, and consumers love it for the convenience and security.
Worldpay’s 2018 Global Payment Report says that mobile payments will continue to rise and will be the second most common payment method, second to only debit cards, by 2022. The demand for digital wallets and convenient mobile payments is especially common in China, Mongolia, Brazil, and Kenya.
“Smartphones have been the primary way most people have access to the internet around the world, and these people need a safe, simple way to shop while they are online. We are filling this need,” said Founder Andy Khawaja.
China leads the world in mobile and digital wallet payments while the rest of the world follows.
“We are on our way to become a cashless society with less borders when it comes to shopping and trade. Many people around the world don’t have a bank account or debit card or credit cards. Our eWallet gives everyone a means to shop safely online,” Andy Khawaja added.
According to Visa Europe, millennials are driving the digital payment revolution with 92% of the tech-savvy generation saying they’ll adopt the technology by 2020.
Paymentscardsandmobile.com says, “By 2022, it’s estimated that the transaction value of mobile payment apps will reach nearly $14 trillion illustrating the fast-pace of the industry.”
Allied Wallet China proudly reached this new milestone of 200 million users and is confident in their ability to fulfill the demand for safe, secure digital payments and eWallet solutions.