Consumers' Preferred Digital Wallets: A Review
In the dynamic world of digital payments, Galileo has emerged as a frontrunner, earning the top spot in Javelin Strategy & Research's Digital Issuance Provider Scorecard. This recognition comes as part of Javelin's broader research on debit payments, specifically within their Instant Issuance and Digital Issuance Provider series.
The evaluation compared eight digital card issuance solutions: Alviere, B4B Payments, CPI Card Group, Entrust, FIS, Fiserv, Galileo, and Thales. Each solution was measured against 25 criteria across three categories, demonstrating Galileo's exceptional performance.
Thales and FIS follow closely, earning Overall Leader distinctions. However, it's Galileo that takes the crown, showcasing its commitment to providing a secure, flexible, and scalable digital first platform.
When it comes to consumer usage, the top digital wallets in the U.S. are dominated by PayPal, Google Wallet (Google Pay), and Apple Pay (via Apple Passbook). As of 2025, PayPal leads the pack with 79% usage among U.S. online consumers, followed by Google Wallet at 40% and Apple Pay at 17%. Cash App is not explicitly listed among the top wallets in this data, though peer-to-peer services like Venmo report around 4% usage, implying Cash App may be in a similar range or niche.
Other key statistics reveal that over 56% of U.S. smartphone owners used a mobile wallet at least once in 2025, indicating broad consumer engagement with the technology. The global digital wallet market also shows robust growth, with digital wallet transaction volumes and values growing rapidly, and an expected total transaction value exceeding $10 trillion in 2024.
China leads the market with over 980 million mobile wallet users, dominated by Alipay and WeChat Pay. In North America, contactless payments make up 59% of mobile wallet transactions, reflecting a focus on convenience.
In summary, Galileo's leadership in the digital issuance provider space, coupled with the growing dominance of PayPal, Google Wallet, and Apple Pay in the U.S. market, underscores the importance of digital wallets in the modern payments ecosystem. As consumer adoption continues to grow, it's clear that digital wallets are here to stay, offering fast, convenient, and secure transactions both online and in person.
[1] Javelin Strategy & Research's Report: 2025 Digital Issuance Provider Scorecard [2] Source 2 [3] Source 3 [4] Source 4
Galileo's strong performance in the digital issuance provider space, as demonstrated in Javelin Strategy & Research's 2025 Digital Issuance Provider Scorecard, exemplifies its commitment to leveraging advanced technology in the realm of finance. The burgeoning digital wallet market, fueled by rapid transaction volume and value growth, offers a fertile ground for the integration of sophisticated financial technology, positioning Galileo as a player of significant importance.
