Urban Airship
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11th August 2016
Product marketing: Mobile Wallet Explained
In general, the term “mobile wallet” (also referred to as “digital wallet,” “wallet passes,” “wallet card,” or “mobile wallet passes”) describes content or information in the form of a wallet item or pass stored in the Apple Wallet or Google Wallet apps. Think of it as the digital equivalent of all the everyday things included in a physical wallet, like loyalty cards, coupons, business cards, tickets, credit cards, and more.
Mobile wallets are rarely forgotten because they’re stored on your consumer’s phone. How many times have you gone to a store and forgotten the coupon you were saving or the loyalty card you just signed up for? They are also very effective and efficient for a business because a wallet pass can be easily created, managed, and updated, allowing a business to significantly reduce the cost of a traditional (physical) card program by 10x-25x.