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Consumers' Preferred Digital Wallets: A Breakdown

Uncovering the Preeminent Digital Wallets in Consumers' Hands, as Revealed by Current Trends and Usage Insights from the Previous Year

Consumers' Preferred Digital Payment Methods
Consumers' Preferred Digital Payment Methods

Consumers' Preferred Digital Wallets: A Breakdown

Galileo Tops Javelin's Digital Issuance Provider Scorecard

In a recent evaluation by Javelin Strategy & Research, Galileo has been recognised as the best in class among eight competing digital card issuance solutions in North America[1].

The evaluation, part of Javelin's broader research on debit payments and the Instant Issuance and Digital Issuance Provider series, compared offerings from Alviere, B4B Payments, CPI Card Group, Entrust, FIS, Fiserv, Galileo, and Thales[2]. Each solution was measured against 25 criteria across three categories: features, capabilities, and innovation.

Galileo's Digital First platform, designed for flexibility, security, and scalability, earned the top spot in the scorecard. The platform, which is used by numerous financial institutions, enables fast, convenient, and secure transactions online and in person[3].

While specific rankings or a full list of top digital wallets were not detailed in the search results, Galileo's recognition as the best in class suggests its strong position in the market.

Meanwhile, data from the same report indicates that digital wallets like Cash App, Apple Pay, and Google Pay are a significant component of the modern payments ecosystem. Cash App is used by 29% of individuals in the past 12 months, while Apple Pay and Google Pay are used by 36% and 31% of individuals, respectively. PayPal leads the pack with 61% usage in the same period[4].

FIS and Thales also earned Overall Leader distinctions in the Digital Issuance Provider Scorecard. FIS's leadership positions in features, capabilities, and innovation related to digital issuance, coupled with its collaborations with major partners for stablecoin payments and real-time payment solutions, position it as a top digital wallet and digital issuance technology provider in North America[4][3].

The rise of mobile adoption and contactless payments has led many users to replace traditional methods like cash and physical cards with digital wallets for their transactions. This shift towards digital wallets is expected to continue, making the evaluation by Javelin Strategy & Research an important benchmark for the industry.

[1] Javelin Strategy & Research's Report: 2025 Digital Issuance Provider Scorecard. [2] Id. [3] Id. [4] Id.

  1. Galileo's Digital First platform, excelling in finance and technology, has been recognized as the best digital card issuance solution by Javelin Strategy & Research.
  2. In the modern payments ecosystem, digital wallets like Cash App, Apple Pay, Google Pay, and PayPal, driven by technology and finance, are significant components, with PayPal leading the pack at 61% usage.

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