Converging ecosystems.

Bridging identity and payment functionalities across account opening and authentication.

The worlds of digital identity and payments, though traditionally distinct, are rapidly converging.

To put it in very simple terms: identity ecosystems revolve around ID issuers, verifiers, and ID wallets, empowering individuals (holders) to manage their digital selves. Payment ecosystems, on the other hand, involve players like acquirers, issuers, processors, and merchants, facilitating transactions for cardholders.

However, this separation is dissolving as new use cases emerge: from seamless account opening and secure token provisioning to robust payment authentication and age verification for restricted purchases, the need to bridge identity and payment functionalities is becoming undeniable. Digital wallets are poised to play a central role in this convergence, offering a unified platform for managing both our digital identities and financial transactions.