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This report provides an overview of the white-label mobile wallet platform market, and it is intended to assist banks and payment providers in the vendor shortlisting process by evaluating some of the leading white-label platforms available.


  • The mobile wallet market is increasingly fragmented, and issuers are now pursuing a multipronged approach of enabling payments and supporting consumers to use a range of services across a range of mobile platforms simultaneously.
  • The white-label mobile wallet platform market is still at an early stage of development. From a financial services perspective, major IT vendors, including Amdocs, FIS, OpenWay, and Worldline, stand out as market leaders, due largely to their flexible technology capabilities and familiarity with the complexity of the financial services space. However, the market is extremely competitive, with numerous platforms, such as those from SAP, Mahindra Comviva, and Toro, offering interesting approaches that are worthy of consideration.
  • White-label platform design is becoming increasingly agnostic to devices and specific functionalities, with a heavy focus on integration, configuration, and customization through APIs and SDKs.

Features and Benefits

  • Understand what a white-label mobile wallet platform is and how it figures in your payments strategy.
  • Evaluate the key vendors in the market today and understand their approach to the dynamic mobile payments space.

Key questions answered

  • Who are the key vendors in the mobile wallet space? How can they integrate into existing payments infrastructure?
  • Is now the right time to launch a mobile wallet?

Table of contents


  • Catalyst
  • Ovum view
  • Key findings

Defining a white-label mobile wallet solution

  • Mobile wallets act as a focal point of transaction services
  • White-label platforms will continue to remain relevant
  • Emerging markets are more than just mobile money
  • The mobile wallet market has been hindered by business model issues

Vendor solution selection

  • Inclusion criteria

Overall assessment

  • Assessment scope
  • Methodology
  • Ovum ratings
  • Worldline, Amdocs, OpenWay, and FIS are market leaders

Primary assessment criteria

  • Evaluation categories

Vendor analysis

  • Amdocs
  • FIS Mobile Wallet
  • Mahindra Comviva
  • OpenWay
  • SAP
  • Toro
  • Worldline Mobile Wallet


  • Further reading
  • Author

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