OpenWallet Forum

OpenWallet Forum - Multistakeholder collaboration on digital wallets
Digital wallets are emerging as an all-in-one solution to address friction in not only payments but also ID verification and access management. By adding scanning and document encryption to their capabilities, digital wallets can offer a secure virtual storage alternative for a lot of what is found in physical wallets today. Digital wallets today are mostly associated with holding payment credentials; but it is already expected they will also carry other credentials, such as digital ID, medical records, driving license, travel documents, education qualifications, and electronic signatures.
Digital wallets have become essential components of the digital public infrastructure (DPI), enabling individuals to access public digital services, prove their identity, make payments, and store various credentials, including digital identity, digital currencies, digital assets, medical records, driving licenses, travel documents, and education qualifications
The new WTSA- 24 Resolution 103 Enhancing standardization activities for digital public infrastructure calls on the Director of the Telecommunication Standardization Bureau (TSB) to promote the participation of the membership in ITU-T's activities on digital public infrastructure, including through the integration of dialogues to share experiences and lessons learned.
The main objectives are to:
- Enhance global multistakeholder cooperation in developing and deploying multipurpose and globally interoperable digital wallets.
- Empower government agencies, in concert with private sector organizations, standards development organizations, international organizations and other relevant stakeholders, to build and deploy their digital wallets in a cost-efficient, accelerated, globally interoperable, and integrated manner.
To achieve the above objectives, the activities of the OpenWallet Forum are focused on the following main components:
- The Government Consultative Committee (GCC),
- Annual OpenWallet Forum High Level Panel Meeting and
- Multistakeholder collaboration meetings (See the Save the Date below)