This Whitepaper, authored by Omdia (www.Omdia.com) and commissioned by CR2 (www.CR2.com), discusses the rise of digital wallets and how mobile wallets have successfully targeted the underserved banking population and offers recommendations on how incumbent banks can embrace digital wallets to engage with new and existing customers. It illustrates key examples of digital wallet providers, both within the Middle East, Africa and beyond, and highlights the reasons behind their success.