Allied Wallet is "a provider of online processing and payment solutions." The company has entered the market in 196 countries and late last year, the news was released that it will be implementing its practices in the booming Latin American market, specifically Brazil.
As "more than 55 million consumers lack a bank account [in the country]," a system of this sort will surely be beneficial to companies and individuals alike. Allied Wallet justifies its move to the Brazilian market in more detail as it brings attention to the fact that "more than 500 million mobile phones" are used by the population and "10 billion mobile top-ups [are] carried out annually." As a result, Allied Wallet is sure that the future of Latin American payment systems is, in fact, the digital wallet.