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Mobile wallet, also known as digital wallet or e-wallet is an online payment system which can be used to pay for wide range of product/services traded online or offline. They are alternate payment systems which make use of NFC (Near Field Communication) technology to make and are widely available on all major payment platforms. This new innovation makes it a seamless experience for the users to pay in a convenient manner.
In United States, around 50% of people carry smartphones which is very central to the value proposition of Digital Payments sector. Moreover, mobile money services can become a habitual method of payment for users once they have started using it.
Many e-commerce players are having a great advantage to tap the market by providing the customers a more organized and convenient payment methods and faster clearance of cash on product returns. Apart from that, there is more essence of customer loyalty and higher sales coming in due to the comfort offered by mobile money apps.
Digital/Mobile wallets are definitely the big success stories of future. Being beneficial for consumers as well as the vendors, the technology provides payments in most hassle-free manner which is likely to strengthen and have more add-ons with newer technologies making it more secure and user-friendly.
E-wallets are password protected wallet where all the card information is well secured under a secret protected file that no other program can read as well as every transaction is uniquely identified.
E-wallets have the feature to automatically save a backup of the files every time they get closed. In this way, all important information of user gets stored for future references in auto save mode.
For frequent online shoppers, they are just a blessing as one can access them through handheld, pocket size mobiles and get a convenient and secure payment experience.
To keep the entire customer’s card organized, they can be sorted in wallet file categories. Icons and colours can be used to make it more personalized.
Just a username and password is required for sign in service at all the participating e-commerce sites for faster online purchases of shoppers.
Unlimited Transfers, Email/ Sms notifications, Fast commissions, money transfer between e-wallets without sharing personal account number, Pull money in e-wallet from any bank account.
Enuke Software Pvt. Ltd. is a well-established Offshore Mobile Wallet App Development Company bringing about the best solutions and support for digital payments System. Our dedicated Mobile Wallet App Development Services Team is working closely on various e-wallet Projects.
If you are looking for responsive and scalable Mobile Wallet application development solutions, write to us and we will surely get back to you.