Speed\u00a0Is Becoming\u00a0Non-Negotiable<\/strong><\/p>\n Today\u2019s world is one increasingly addicted to real-time gratification, one where \u201cfast\u201d isn\u2019t a perk \u2014 it\u2019s an expectation. And when it comes to sending money across borders, slow doesn\u2019t just mean inconvenient; it means costly, risky and sometimes downright disruptive.<\/p>\n Traditional international transfers via banks or legacy money transfer services often take days, weighed down by compliance checks, intermediary fees and outdated infrastructure. In contrast, digital wallets offer near-instantaneous transfers, frequently bypassing traditional banking rails altogether.<\/p>\n According to the report data, more than 53% of U.S. consumers not currently using digital wallets for cross-border payments say speed is the primary factor that would persuade them to start, far ahead of rewards or lower fees. For SMBs, 40% of non-adopters see faster payments as a key motivator for future use.<\/p>\n Security\u00a0Keeps Users Sticky and Their Funds Safe <\/strong><\/p>\n Speed may get users in the door, but security keeps them there.<\/p>\n According to the PYMNTS report, over one-third (36%) of U.S. consumers not using digital wallets would adopt them if they were perceived as more secure. Among SMBs, 25% of non-users cite security as a key concern preventing adoption.<\/p>\n While this may seem like a hurdle, it\u2019s actually a moment of opportunity. The perceived risk around digital wallets \u2014 particularly for cross-border use \u2014 is driven less by actual fraud metrics and more by a lack of standardized trust frameworks.<\/p>\n What consumers and businesses want isn\u2019t just end-to-end encryption or biometric logins. They want clarity: Where\u2019s the money? Who\u2019s holding it? Is it insured? What happens if something goes wrong?<\/p>\n Digital wallets that invest in trust, through things including visible compliance, transparent dispute resolution and verified sender\/receiver frameworks, are more likely to win long-term loyalty. And that\u2019s exactly where the next frontier of wallet design is heading.<\/p>\n Read the report<\/strong>: Global Money Movement: U.S. Edition<\/a><\/p>\n Transparency Remains the\u00a0Unsung\u00a0Hero<\/strong>\u00a0<\/strong><\/p>\n Speed and security might be the rock stars, but tracking transparency is quickly emerging as the unsung hero of digital wallet adoption.<\/p>\n U.S. consumers and businesses alike are waking up to the operational and emotional toll of untraceable funds. In an era when an Amazon package can be tracked from warehouse to doorstep, \u201cI don\u2019t know where your payment is\u201d no longer cuts it.<\/p>\n According to the PYMNTS Intelligence report<\/a>, nearly one-third (33%) of SMBs and 32.9% of consumers looking to adopt digital wallets in the next year say that the ability to more easily track payments is a major reason. This demand for traceability isn\u2019t just about convenience \u2014 it\u2019s about accountability.<\/p>\n When money crosses borders, it often crosses multiple regulatory jurisdictions, banking institutions and currency exchanges. This complexity is a fertile ground for delays, fees and confusion. Transparent digital wallets simplify this. They offer status updates, confirmations and historical records \u2014 sometimes even real-time receipts \u2014 so users know exactly where their money is and when it will arrive.<\/p>\n And this clarity has ripple effects. It streamlines business cash flows. It reduces support calls. It builds trust between senders and recipients. For SMBs juggling global vendors, or gig workers relying on overseas clients, transparency isn\u2019t a bonus \u2014 it\u2019s a business necessity.<\/p>\n See More In: cross-border payments<\/a>, Digital Payments<\/a>, digital wallets<\/a>, faster payments<\/a>, Featured News<\/a>, FinTech<\/a>, Global Money Movement<\/a>, News<\/a>, PYMNTS Intelligence<\/a>, PYMNTS News<\/a>, real time payments<\/a>, Security<\/a>, small businesses<\/a>, SMBs<\/a>, TerraPay<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"It\u2019s no secret that the world is moving faster. In parallel, the way we move money is evolving…\n","protected":false},"author":2,"featured_media":103800,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3159],"tags":[3268,3269,3523,18726,3525,3672,3527,547,12,3529,3279,10448,811,25212,44895,53,3530,16,15],"class_list":{"0":"post-103799","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-cross-border-payments","9":"tag-digital-payments","10":"tag-digital-wallets","11":"tag-faster-payments","12":"tag-featured-news","13":"tag-fintech","14":"tag-global-money-movement","15":"tag-mobile","16":"tag-news","17":"tag-pymnts-intelligence","18":"tag-pymnts-news","19":"tag-real-time-payments","20":"tag-security","21":"tag-small-businesses","22":"tag-smbs","23":"tag-technology","24":"tag-terrapay","25":"tag-uk","26":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114512473813739448","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/103799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=103799"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/103799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/103800"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=103799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=103799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=103799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"SMBs](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/05\/SMBs-digital-wallets.png\")
<\/p>\n