The Complete Guide To Mobile Wallets
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