© 2026 Arizent. All rights reserved.
Market Intelligence:
AI
Payments
Research
Industry Data
p16vonpls8kno1iqs13ds10co145s4.jpg
Broke businessman showing his empty wallet
Wavebreakmedia Ltd/Getty Images/Wavebreak Media
(Image: ThinkStock)
p16vonpls8us9ul1t5j1c10ln3.jpg
Telecommunications Tower, blu skye with clouds
maurizio chiocchetti/Getty Images/iStockphoto

Isis

The carrier-backed mobile wallet describes itself as a "platform provider," not a payment provider. An exec at one of its partner banks, Capital One, says: "Success [in mobile] realizes we're not in the payments business. Payments already works." (Image: ThinkStock)
p16vonpls8hs5a396r623r1h416.jpg
Piggy Bank
Keith Spaulding/Getty Images/Hemera

Lemon

Lemon Inc.'s mobile wallet is being pitched as a backup for your wallet, not a replacement for it. Although there are hints of a coming payment capability, it's not part of the current sales pitch. (Image: ThinkStock)
p16vonpls81v931tqu1vj6ebb1i8s5.jpg
Portrait of woman with digital tablet
tyler olson/Getty Images/iStockphoto

Square

Although Square's main pitch is card acceptance, it has many competitors that do the same thing. The company's newer technology, such as its Register app for iPad, shows an ambition to provide other services, such as inventory management. (Image: ThinkStock)
p16vonpls85onsah1dtp1gmtlju7.jpg
Map
George Kuna/Getty Images/Hemera

Google

Google Wallet and Google Offers were launched side-by-side as companion products. But now Google Offers, which provides location-based rewards, has been woven into the mobile version of Google Maps, with a less clear tie to payments. (Image: ThinkStock)
p16vonpls82poa2bkpv1otivtt8.jpg
Cityscape
Top Photo Corporation/Getty Images/Top Photo Group RF

Flash Valet

Flash Valet's selling point is its ability to schedule valet parking and pick-ups - it relies on other companies to move money. The digital-payment feature is available simply as an option for drivers who prefer an alternative to cash. (Image: ThinkStock)
p16vonpls86sek4a11sr3u5u3ka.jpg
Social networking
Elena Elisseeva/Getty Images/iStockphoto

Visa V.me

V.me is one of the many digital wallets that comes with software tools for developers. The company places an emphasis on "social shopping" and allows banks to build rewards programs without having to worry about the underlying payment. (Image: ThinkStock)
p16vonpls8fgsd5g169i9nlvkg9.jpg
Telephone receiver and binary code numbers (Digitally Generated)
John Foxx/Getty Images

What's next?

There's a lot phones can do that cash registers can't. Features such as GPS, accelerometers, cameras and augmented-reality apps create new possibilities that go beyond the everyday payment. (Image: ThinkStock)

Technology
MORE FROM AMERICAN BANKER
Load More