The business-consumer relationship is swiftly becoming digital through the mobile wallet (It is also known as “e-Wallet“). It refers to an electronic device or online service that allows an individual to make electronic transactions. Its utility is the same as a credit or debit card. E-Wallets need to be linked with the individual’s bank account to make payments.
The global E-wallet market is expected to grow at a CAGR of 15%. It is estimated to reach a market size of approximately USD 2,100 billion by the end of the forecast period (2017-2023.)
E-Wallet facility is very useful for those who don’t use Net banking and the people who don’t possess a credit card or don’t prefer making online payments.
Use of mobile Wallet
The mobile wallet can be installed on a smartphone, or it is an existing built-in feature of a smartphone. A mobile wallet stores credit cards, debit cards, coupons, or reward card information. The user inputs payment information once the app is installed. The wallet stores this information by linking a personal identification format such as a number of keys, QR code or an image of the owner to each card that is stored. Mobile wallets are an advantageous route for a client to make in-store installments. And, it can be utilized at merchants recorded with the versatile wallet specialist. This is the most commonly used, portable and easy-going wallet. It is the smart choice by the consumers.
Let’s be unique
Ever thought about savings in a SMARTEST E-wallet, just like you saved in your piggy bank during childhood days? Yes, even adults are allowed to have Piggy Banks. Those symbols of childhood can assist both your financial status and your peace of mind. Your long-cherished dream since childhood can come true. THE PIGGY WALLET is the one and only wallet for all your aspirations.