The Terrapay and Lafferty white paper highlights the vast potential of interoperable mobile wallets to transform payments. Digital wallets are growing fastest in emerging markets like Africa, where they often serve as the first financial tool for unbanked populations. Interoperability—allowing wallets to work seamlessly across borders, banks, and merchants—expands inclusion, boosts security, and drives new revenue models. Request-to-Pay services, already reshaping bill and merchant payments, demonstrate the shift toward real-time, user-friendly transactions. Success stories like Visa/Mastercard’s four-party model, Safaricom’s M-Pesa, and EU regulation show how interoperability broadens markets, reduces reliance on cash, and creates shared value.

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