As popular as these digital payment methods have become, they are declining in the Bahamas. In the Bahamas, the use of mobile wallets has become commonplace, but over the first five months of the year, a declining trend was recorded in top-ups. The decline wasn’t a slight one, it was practically a freefall in the amount of money topped up. During the first five months of 2022, top ups to mobile wallets reached $38.4 million. During the same period in 2023, that figure reached only $7.1 million, a fraction of…
Read MoreMobile wallets see a decline in top-ups in some regions
