The Complete Guide To Mobile Wallets
With this Guide, we hope to offer you more clarity around what Mobile Wallets are and how they work in order to help you make more informed decisions.
A mobile wallet is a virtual wallet accessible via a mobile device like a phone or a tablet. Also known as digital wallets and e-wallets, mobile wallets allow users to store money, make payments, manage their accounts, and access various financial services without a bank account.
Mobile wallets are among the key modes of digital payment that saw a surge in adoption during COVID-19. The pandemic has had a massive impact on the world of payments, with people turning towards online methods as a safer transaction method than using cash to pay for shopping, food deliveries, utility bills, and much more