Electronic Purse Card

Electronic Purse Card Market Outlook

The global Electronic Purse Card Market is poised for substantial growth, with a projected market size expected to reach approximately USD 80 billion by 2035, growing at a compound annual growth rate (CAGR) of around 15% from 2025 to 2035. This remarkable growth can be attributed to the increasing demand for digital payment solutions and the rapid adoption of cashless transactions across various sectors. Additionally, the growing penetration of smartphones, along with advancements in wearable technologies, plays a critical role in driving the market. The shift in consumer preferences towards convenient payment options further fuels the demand for electronic purse cards. Moreover, the COVID-19 pandemic has accelerated the adoption of contactless payment methods, leading to an increased focus on hygiene and safety in financial transactions.

Growth Factor of the Market

The Electronic Purse Card Market is primarily driven by various growth factors, including technological advancements and the rising trend of cashless transactions. The increasing smartphone penetration and the proliferation of mobile wallets have also contributed significantly to the market's expansion. Moreover, the growing inclination of consumers towards convenience and efficiency in payment methods has accelerated the demand for electronic purse cards. Additionally, government initiatives promoting digital economies and cashless societies are expected to boost market growth. Furthermore, the rise in e-commerce activities and the increased use of electronic purse cards in various sectors, including retail and transportation, are vital growth drivers. As consumers seek faster and more secure payment options, the electronic purse card market is anticipated to witness significant growth in the coming years.

Key Highlights of the Market

• The market is expected to reach USD 80 billion by 2035, growing at a CAGR of 15% from 2025 to 2035.
• Technological advancements in payment solutions are driving the adoption of electronic purse cards.
• Government initiatives promoting digital payment systems are fostering market growth.
• The retail and transportation sectors are leading applications for electronic purse cards.
• Contactless electronic purse cards are witnessing heightened demand due to safety concerns.

By Product Type

Contact Electronic Purse Card:

Contact electronic purse cards are traditional payment solutions that require physical contact with a card reader. These cards utilize magnetic stripe technology, which stores data that can be read by card readers, facilitating secure transactions. The demand for contact electronic purses remains steady, particularly in sectors where security is paramount. Businesses and consumers alike appreciate the reliability and established nature of this technology, making it a foundational option within the electronic purse card market. As industries transition towards modern technology, contact electronic purse cards continue to provide a straightforward, widely accepted method of payment, particularly in regions with less infrastructure for contactless technology.

Contactless Electronic Purse Card:

Contactless electronic purse cards leverage Near Field Communication (NFC) technology, which allows users to make transactions simply by tapping their card on a compatible reader. This type of card is gaining popularity due to its speed and convenience, particularly in high-traffic areas such as retail stores and public transportation systems. The growing consumer preference for quick payment methods has significantly boosted the demand for contactless cards. Furthermore, their enhanced security features, which protect against unauthorized usage, have instilled consumer confidence during transactions, making them an essential part of the digital payment landscape.

Hybrid Electronic Purse Card:

Hybrid electronic purse cards integrate both contact and contactless payment functionalities into a single card. This dual capability allows users to choose their preferred transaction method based on convenience or security needs. The hybrid nature meets varying consumer preferences, making it a versatile solution across diverse sectors such as retail and transportation. The increasing demand for flexibility in payment methods propels the growth of hybrid electronic purse cards, allowing businesses to cater to a broader audience. As the market continues to evolve, the hybrid model is expected to play a crucial role in bridging the gap between traditional and modern payment solutions.

Biometric Electronic Purse Card:

Biometric electronic purse cards incorporate advanced biometric authentication mechanisms, such as fingerprint or facial recognition technology, to enhance security. This innovative technology addresses growing concerns over identity theft and fraud in electronic transactions. As consumers become more aware of the importance of data security, biometric cards are increasingly appealing. The integration of biometrics provides a seamless user experience while ensuring robust security measures. The anticipated rise in payment fraud cases is likely to drive the adoption of biometric electronic purse cards, leading to a noteworthy segment growth within the electronic purse card market.

Smart Electronic Purse Card:

Smart electronic purse cards are advanced payment solutions that often combine various technologies, including NFC, RFID, and biometric authentication. These cards often feature built-in digital wallets, enabling users to store multiple payment options and loyalty programs. The convenience of managing multiple accounts on one card is driving demand in various sectors, particularly among tech-savvy consumers. As e-commerce and mobile payment options continue to proliferate, smart electronic purse cards are expected to play a pivotal role in enhancing the digital payment experience, thus solidifying their position in the market.

By Application

Retail:

In the retail sector, electronic purse cards provide a seamless payment experience, enabling customers to make quick transactions without the need for cash or traditional credit cards. Retailers benefit from reduced transaction times, enhancing customer satisfaction and improving operational efficiency. Furthermore, the integration of loyalty programs with electronic purse cards encourages consumer retention and repeat purchases. As consumer behavior trends towards cashless options and mobile payments, the retail sector is increasingly adopting electronic purse cards to streamline operations and improve customer engagement.

Transportation:

Electronic purse cards are widely utilized in the transportation sector, facilitating fare payments for public transit systems and ride-sharing services. These cards enhance user convenience and efficiency, allowing passengers to board public transportation without fumbling for cash or coins. The growing urbanization and increasing public transportation usage have propelled the demand for electronic purse cards in this sector. Moreover, advancements in contactless technology have further improved the user experience, encouraging more people to adopt electronic purse cards for their daily commuting needs.

Healthcare:

In the healthcare sector, electronic purse cards are used to streamline payments for medical services and prescriptions. These cards enable patients to manage their healthcare expenses effectively while ensuring secure and efficient transactions. The growing emphasis on patient-centric care and the need for transparency in healthcare billing processes are fostering the adoption of electronic purse cards. Additionally, the integration of electronic purse cards with health insurance policies can simplify payment processes, resulting in enhanced patient experience and satisfaction.

Banking:

Electronic purse cards are increasingly integrated into banking services, allowing customers to manage their finances conveniently. These cards offer users the ability to make transactions, check balances, and access funds instantly. As traditional banking systems evolve, the demand for digital solutions like electronic purse cards is surging. Banks are leveraging these cards to provide value-added services to their customers while streamlining account management. The transition to digital banking solutions is expected to enhance the overall customer experience, further driving the growth of electronic purse cards in the banking sector.

Government:

Electronic purse cards are being adopted by governments for various applications, including social welfare programs, subsidies, and public service payments. These cards facilitate efficient fund distribution and help reduce fraud by providing secure and traceable transactions. Governments worldwide are increasingly recognizing the benefits of electronic purse cards in promoting financial inclusion and enhancing service delivery. The push towards digital services and cashless economies is likely to drive further adoption of electronic purse cards in government sectors, contributing significantly to the market's growth.

By Distribution Channel

Online Stores:

Online stores are pivotal distribution channels for electronic purse cards, catering to the rising trend of e-commerce and online shopping. The convenience of purchasing electronic purse cards online enhances accessibility for consumers, allowing them to obtain cards without visiting physical locations. E-commerce platforms also provide comprehensive information about the features and benefits of various cards, aiding consumers in making informed decisions. As consumers increasingly prefer online shopping, the reliance on this distribution channel is expected to bolster the electronic purse card market significantly.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets serve as key distribution channels for electronic purse cards, providing consumers with the opportunity to purchase cards alongside their regular shopping. These retail environments facilitate impulse purchases of electronic purse cards, particularly among consumers seeking convenient payment solutions. The integration of electronic purse cards into loyalty programs further incentivizes consumers to utilize them for their shopping needs. As supermarkets and hypermarkets continue to adapt to consumer preferences for cashless transactions, their role as distribution channels will remain crucial in the electronic purse card market.

Specialty Stores:

Specialty stores, focusing on specific product categories, also play an essential role in distributing electronic purse cards. These stores often target niche markets and offer tailored electronic purse card solutions that cater to specific consumer needs. By providing specialized products, specialty stores create a unique shopping experience that can drive the adoption of electronic purse cards among discerning consumers. The expertise of these stores in their respective markets enhances consumer confidence in the products they offer, further supporting the growth of electronic purse cards.

Convenience Stores:

Convenience stores are increasingly becoming significant distribution channels for electronic purse cards, particularly due to their strategic locations and extended operating hours. The ability to purchase electronic purse cards on-the-go aligns perfectly with consumer preferences for quick and hassle-free transactions. As consumers seek seamless payment options, convenience stores can position themselves as essential stops for acquiring electronic purse cards. The increasing trend toward cashless payments in everyday transactions is expected to enhance the relevance of convenience stores as distribution points in the electronic purse card market.

Direct Sales:

Direct sales channels, including company-owned stores and representatives, provide a personalized approach to distributing electronic purse cards. This method allows consumers to receive detailed information about the cards, including features, benefits, and usage options. Additionally, direct sales can create opportunities for promotional offers and loyalty programs that enhance consumer engagement and drive sales. As brands seek to establish deeper connections with their customers, direct sales channels are expected to continue playing a vital role in the overall electronic purse card distribution landscape.

By Technology

Near Field Communication (NFC):

NFC technology is at the forefront of the electronic purse card market, enabling secure and swift transactions through contactless payments. NFC technology allows devices to communicate over short distances, facilitating seamless transactions when users tap their cards on compatible readers. This technology enhances user experience by significantly reducing transaction times and minimizing the need for physical contact, which is particularly relevant in today's safety-conscious environment. As consumer preferences shift towards quicker and more convenient payment options, NFC technology is anticipated to drive further growth within the electronic purse card market.

Radio Frequency Identification (RFID):

RFID technology is another critical component of electronic purse cards, enabling efficient tracking and management of transactions. RFID tags embedded in electronic purse cards can provide real-time data on usage and location, enhancing security and reducing fraudulent activities. The ability to automatically authenticate and track transactions adds an additional layer of convenience for consumers. As RFID technology continues to evolve, its implementation in electronic purse cards is expected to enhance both security and functionality, making it a vital segment of the electronic purse card market.

Biometric Authentication:

Biometric authentication technology is increasingly being integrated into electronic purse cards, offering enhanced security features that protect against unauthorized transactions. By utilizing unique biometric identifiers such as fingerprints or facial recognition, these cards provide an additional layer of security that is difficult to replicate. This technology not only improves transaction security but also enhances user experience by enabling faster authentication. As concerns over privacy and data security rise, the adoption of biometric authentication in electronic purse cards is expected to grow, significantly influencing market dynamics.

Magnetic Stripe:

Magnetic stripe technology remains a prevalent method of payment in electronic purse cards, particularly in regions with less technological infrastructure. These cards store information on a magnetic stripe, allowing them to be swiped through card readers for transactions. While magnetic stripe technology has been foundational in electronic payments, its limitations in security have prompted a shift towards more advanced technologies such as NFC and RFID. However, magnetic stripe cards continue to serve a significant segment of the market, especially among consumers who prefer traditional payment methods or in areas where advanced payment systems are not as readily available.

By Near Field Communication

NFC-enabled Electronic Purse Cards:

NFC-enabled electronic purse cards are rapidly gaining traction, primarily due to the increasing consumer demand for contactless payment solutions. These cards allow users to make transactions quickly by simply tapping their card on a compatible device, significantly reducing transaction times. The appeal of NFC-enabled cards extends to various sectors, including retail, transportation, and hospitality, where speed and convenience are paramount. Furthermore, the rising awareness of hygiene and safety in financial transactions has accelerated the adoption of NFC technology, solidifying its position as a key player in the electronic purse card market.

By Radio Frequency Identification

RFID-enabled Electronic Purse Cards:

RFID-enabled electronic purse cards utilize radio frequency technology to facilitate seamless transactions. This technology allows for automatic identification and tracking, enhancing the security and efficiency of electronic payments. The application of RFID technology in electronic purse cards is particularly beneficial in high-traffic locations, where quick processing is essential. As the demand for contactless transactions continues to grow, RFID-enabled electronic purse cards are expected to experience significant market growth. The ability to provide a secure and swift payment experience makes RFID a vital technology in the electronic purse card landscape.

By Region

The regional analysis of the Electronic Purse Card Market reveals distinct growth patterns across various regions. In North America, the market is projected to witness significant growth, driven by the increasing adoption of digital payment solutions and advanced technology. The region is expected to account for approximately 35% of the global market share by 2035. Moreover, the continuous innovation in payment technologies and the presence of key industry players further bolster the growth in North America. The CAGR in North America is estimated to be around 13% during the forecast period, reflecting the robust demand for electronic purse cards in various sectors.

In contrast, the Asia Pacific region is anticipated to experience the highest growth rate, with an expected CAGR of 18% from 2025 to 2035. The increasing smartphone penetration, along with the rapid expansion of e-commerce platforms, contributes significantly to this growth. Moreover, government initiatives aimed at promoting cashless transactions and digital payment solutions further enhance the market potential in countries such as China and India. By 2035, the Asia Pacific region is projected to account for approximately 30% of the global electronic purse card market, highlighting its pivotal role in the industry's overall growth.

Opportunities

The Electronic Purse Card Market is rife with opportunities driven by the growing demand for cashless payment solutions globally. As businesses and consumers increasingly prioritize convenience, electronic purse cards present a unique solution that can address these preferences. The expansion of e-commerce and digital transactions offers a fertile ground for growth, as companies seek to integrate electronic purse cards into their payment systems. Moreover, technological advancements, such as the integration of biometric security features and NFC technology, create new avenues for enhancing user experience and security. The potential for partnerships between electronic purse card providers and various industries, such as retail and transportation, can further enhance market penetration and customer engagement, unlocking new revenue streams.

Moreover, the ongoing digital transformation in emerging markets presents additional opportunities for growth. As more consumers in these regions gain access to smartphones and the internet, the demand for electronic purse cards is expected to surge. Educational initiatives to promote financial literacy and digital payment solutions can also drive adoption in these markets. Additionally, the increasing focus on sustainability and eco-friendly payment solutions could pave the way for innovative electronic purse card designs and functionalities. By aligning with evolving consumer preferences and technological advancements, stakeholders in the electronic purse card market can capitalize on numerous growth opportunities in the coming years.

Threats

While the Electronic Purse Card Market is poised for growth, it also faces several threats that could impact its trajectory. One of the primary threats is the rising incidence of cybercrime and payment fraud, which poses significant risks to consumer trust in digital payment solutions. As electronic purse cards become more prevalent, the potential for hackers to exploit vulnerabilities in payment systems becomes a critical concern. Such threats could deter consumers from adopting electronic purse cards, thereby hindering market growth. Furthermore, increasing regulatory scrutiny surrounding data privacy and security can impose additional compliance burdens on electronic purse card providers, affecting their operational flexibility and innovation capabilities.

Additionally, the competitive landscape of the electronic purse card market is intensifying, as numerous players vie for market share. This can lead to price wars and reduced profit margins, particularly for smaller companies that may struggle to compete with established players. The rapid pace of technological advancements necessitates continuous innovation, which can strain resources for companies that are unable to keep up. If organizations fail to adapt to changing consumer preferences or technological shifts, they risk losing market relevance. These factors contribute to a challenging environment for stakeholders in the electronic purse card market.

Competitor Outlook

• Visa Inc.
• Mastercard Incorporated
• American Express Company
• PayPal Holdings, Inc.
• Samsung Electronics Co., Ltd.
• Apple Inc.
• Discover Financial Services
• Alipay (Ant Group)
• WeChat Pay (Tencent)
• Square, Inc.
• Google Pay (Alphabet Inc.)
• Revolut Ltd.
• Adyen N.V.
• Wirecard AG
• Worldline S.A.

The competitive landscape of the Electronic Purse Card Market is characterized by the presence of numerous established players and emerging startups, all vying to capture a share of this rapidly evolving market. Major companies such as Visa and Mastercard dominate the industry, leveraging their extensive networks and technological capabilities to provide innovative payment solutions. These companies continually invest in research and development to enhance their electronic purse card offerings, incorporating advanced technologies like NFC and biometric authentication. Additionally, they focus on strategic partnerships with retailers and service providers to expand their customer base and strengthen their market position.

Emerging players like Alipay and WeChat Pay have also made significant strides in the electronic purse card market, particularly in the Asia Pacific region. These companies have successfully tapped into the booming digital payment landscape and have established themselves as key players by offering user-friendly payment solutions. Their ability to integrate social media functionalities with payment options has resonated with consumers, driving widespread adoption. Additionally, fintech companies such as Square and Revolut are challenging traditional players by offering innovative features and competitive pricing, contributing to the overall evolution of the electronic purse card market.

To maintain a competitive edge, companies are increasingly focusing on enhancing customer experience through seamless integration of electronic purse cards into various platforms. Key players are exploring collaborations with technology providers to incorporate advanced security measures and improve transaction efficiency. Additionally, the ongoing efforts to expand into emerging markets represent a vital strategy for established players seeking to sustain their growth trajectory. As the Electronic Purse Card Market continues to evolve, companies will need to adapt to changing consumer preferences and technological advancements to remain relevant and competitive.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Visa Inc.
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Adyen N.V.
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Apple Inc.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Wirecard AG
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Revolut Ltd.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Square, Inc.
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Worldline S.A.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Alipay (Ant Group)
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 WeChat Pay (Tencent)
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 PayPal Holdings, Inc.
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Mastercard Incorporated
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 American Express Company
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Google Pay (Alphabet Inc.)
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Discover Financial Services
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Samsung Electronics Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Electronic Purse Card Market, By Technology
    • 6.1.1 Near Field Communication (NFC)
    • 6.1.2 Radio Frequency Identification (RFID)
    • 6.1.3 Biometric Authentication
    • 6.1.4 Magnetic Stripe
  • 6.2 Electronic Purse Card Market, By Application
    • 6.2.1 Retail
    • 6.2.2 Transportation
    • 6.2.3 Healthcare
    • 6.2.4 Banking
    • 6.2.5 Government
  • 6.3 Electronic Purse Card Market, By Product Type
    • 6.3.1 Contact Electronic Purse Card
    • 6.3.2 Contactless Electronic Purse Card
    • 6.3.3 Hybrid Electronic Purse Card
    • 6.3.4 Biometric Electronic Purse Card
    • 6.3.5 Smart Electronic Purse Card
  • 6.4 Electronic Purse Card Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Supermarkets/Hypermarkets
    • 6.4.3 Specialty Stores
    • 6.4.4 Convenience Stores
    • 6.4.5 Direct Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Electronic Purse Card Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Electronic Purse Card market is categorized based on

By Product Type

• Contact Electronic Purse Card
• Contactless Electronic Purse Card
• Hybrid Electronic Purse Card
• Biometric Electronic Purse Card
• Smart Electronic Purse Card

By Application

• Retail
• Transportation
• Healthcare
• Banking
• Government

By Distribution Channel

• Online Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Convenience Stores
• Direct Sales

By Technology

• Near Field Communication (NFC)
• Radio Frequency Identification (RFID)
• Biometric Authentication
• Magnetic Stripe

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Visa Inc.
• Mastercard Incorporated
• American Express Company
• PayPal Holdings, Inc.
• Samsung Electronics Co., Ltd.
• Apple Inc.
• Discover Financial Services
• Alipay (Ant Group)
• WeChat Pay (Tencent)
• Square, Inc.
• Google Pay (Alphabet Inc.)
• Revolut Ltd.
• Adyen N.V.
• Wirecard AG
• Worldline S.A.