Category
Tech
Delegated Interfaces
Trend cluster
Category
Virtual Credit
Storage
Mobile credit card apps allow for convenient payment and thinner wallets.
3.8
Trend score
Trend
What is the Virtual Credit Storage trend?
Virtual Credit Storage: Providing shoppers with a convenient means of carrying a thin wallet while shopping, tech and social media businesses are creating apps to replace the numerous credit cards that often take up too much room in an individual’s pockets. With society’s movement towards a world that’s more virtual-based, these non-tactile payment methods will surely increase in popularity with time.
Trend themes
Themes within the Virtual Credit Storage trend
Three behaviours holding the trend together01
Virtual Wallets
The increasing popularity of virtual wallets is an opportunity for businesses to provide efficient ways to organize clients' information.
02
Mobile Phone Payments
Mobile payment systems such as Google Wallet and Square offer no-contract, low-cost alternatives for businesses to accept payments with ease and convenience.
03
Non-Tactile Payment Methods
The shift towards non-tactile payment methods presents an opportunity for businesses to cater to customers who prefer contactless options, particularly in the wake of the COVID-19 pandemic.
Industry implications
What the Virtual Credit Storage trend means for industry
Where the trend changes the playbookFor
Fintech
Fintech companies should innovate solutions that optimize mobile payments experience and integrate with virtual wallets.
For
Retail
Retailers can take advantage of mobile payment and virtual wallet technology to create seamless checkout experiences for customers.
For
Hospitality
Hotels, restaurants, and cafes can adopt non-tactile methods of payment such as mobile phone payments and QR code scans to offer customers a safer and more convenient experience.
Trend signals
Trend signals for Virtual Credit Storage
Trend score 3.8 out of 10, from popularity 55%, activity 52%, freshness 8%.
Popularity55%
Activity52%
Freshness8%
Audience
70%Men
30%Women
- Gen Alpha (not a primary audience)
- Gen Z
- Millennial
- Gen X
- Boomer (not a primary audience)
Market
North America
Europe
Asia-Pacific
Evidence
Examples of the Virtual Credit Storage trend
4 featured examples from Dec 14, 2009 to May 27, 2011CategoryTech
Mobile Phone Billfolds
Google Wallet Will Make your Purse and Bank Account Much Lighter
The retail industry can take advantage of Google Wallet by adopting compatible payment systems and providing customers with seamless mobile payment options.
CategoryBusiness
iPhone Money Apps
'Square' Payment System Lets Any Business Take Credit Cards Instantly
Square's payment system disrupts traditional payment processing industries.
CategoryBusiness
Virtual Wallets
The Scanaroo App Clears Your Pockets of Royalty Card Clutter
Fintech companies can integrate these virtual wallet apps into their existing offerings to make them more efficient and user-friendly.
CategoryBusiness
Cellular Coffee Payments
Starbucks Card Mobile App Lets You Pay With Your Phone
Retailers could offer mobile payment options to provide a more convenient and efficient shopping experience for their customers.
