The digital wallet market is saturated and has several established players, but this has not stopped new competitors from entering the space. 

Despite being one of the late arrivals to the space, Paze, a digital wallet being launched by a consortium of banks, including U.S. Bank, Truist, JPMorgan Chase and PNC, is coming to market in Q3, Peter Galvin, chief growth officer at payments fintech NMI told Bank Automation News in this episode of “The Buzz” podcast.