Instant Digital Card Issuance: A Big Step Toward Mobile Wallet Growth

A significant number of issuers plan to implement instant digital card issuance functionality over the next 12 to 24 months.

Boston, February 12, 2020 –With so many debit and credit card products available in the marketplace, it is more important than ever for issuers to obtain and retain top-of-wallet status. One way to compete is by providing immediate access to the card with instant digital card issuance, which also results in improved customer experience, higher penetration of the mobile wallet, higher activation, and higher usage.

This Aite Group report is based on Q4 2019 interviews of 19 card services executives and 15 retail banking associates at U.S. issuers. It explores instant digital card issuance, issuer interest in this feature, and considerations for issuers that plan to launch it.

This 21-page Impact Report contains six figures and two tables. Clients of Aite Group’s Retail Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Apple, Google, Ondot Systems, and Samsung.

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