Gartner Research

Digital Wallets Lead Banks to Battle Card Schemes

Published: 24 March 2014

ID: G00257732

Analyst(s): Alistair Newton , David Furlonger , Christophe Uzureau


Card networks have launched their own digital wallet solutions. To maintain control over payment flows, banks should leverage credit transfer systems.

Table Of Contents


  • Key Dynamics
  • The Mainstream Card Payment Schemes
    • Beyond 3D Secure
    • Moving to a Hybrid Digital Wallet Model
    • Card Networks Open Up, but to What Extent?
    • Banks Should Take Notice
  • Credit Transfers to the Rescue
    • OBEP Systems as a Networked Digital Wallet
    • Digicash — From Credit Transfers to New Use Cases
    • Pingit — Making the Most of Real-Time Payment Systems
  • Recommendations

Gartner Recommended Reading

©2021 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.