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The Role of Mobile Wallets in Today’s Scenario

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The Role of Mobile Wallets in Today’s Scenario

The Role of Mobile Wallets in Today’s Scenario

The mobile wallets have indeed gone a long way in helping people make transactions easier, safer and faster. Thanks to the advanced security settings in smartphones which assures the users with utmost safety, security, and fairness.

The mobile wallets in India have become increasingly popular because of its convenience, flexibility and solid security settings. Making payments and deposits have become as easy as pie as the users can instantly perform a series of transactions, anywhere, anytime without any hassles and third-party involvement.

So, if your question is what more do mobile wallets feature, well, we are here to familiarize you with its features and the benefits you can avail by using them. So, let’s take a quick look.

Help in reducing fraudulent practices

All the data, be it, personal or financial are all encrypted, meaning, your card number and password details are not disclosed while you make your payments. The mobile wallets operate by using an authentic and random OTP (One-Time Password) which makes it even more secure and trustworthy. Also, the mobile wallets ensure that none of your personal details is displayed to any of the third parties which might distress you in the future.

Time-saving

Using a mobile wallet to make the deposits and payments can help you save a lot of time. It is a known fact that we are all too much caught up in both our personal and professional front that we hardly get some time to spare for our own self. This is the condition of every man today. Given this situation, mobile wallets play a very vital role by making our lives super-comfortable and relaxing as the users can instantly perform all their banking transactions on the go, with just a click of a button.

Other cool benefits

Well, in addition to credit and debit cards, some of the mobile wallets also store loyalty cards and gift cards which offer the users with exclusive discounts helping them save big.

Apart from these, you can also make the bill payments for DTH, postpaid, data card and broadband and also book air, bus or train tickets. From paying at your local store to paying for your utilities like gas, water and electricity, the reach of mobile wallets has gone far and wide.

Furthermore, it also offers the users with split bill facility meaning, which allows you to split expenses with friends. Freecharge and Mobikwik users can split their bills simply by entering the amount and the number of people who are expected to pay their share. These wallets will automatically generate a link which you can send to people who owe you money. How cool is that!

The users can also make use of the auto pay facility to make future bill payments automatically, from their wallet balance on a pre-determined date.

Shop on the go, anywhere, anytime

Typing in card numbers when shopping online via the mobile wallets is not required. Using a mobile wallet instead of a debit card while you shop online can reduce the number of places where your card numbers can be stored, without sacrificing a speedy checkout.

Impressive rewards

The popular mobile wallets such as Mobikwik, FreeCharge, PhonePe, GooglePay and Paytm offers the users with a plethora of discounts, promo codes and deals every day which helps to cut down their expenses massively.

It also offers the users with plenty of cashback, other periodical offers and rewards on their purchases. In other words, having your virtual card on-hand will enable you to grab all the rewards instantly thus reducing your bill amount to a great extent.

With these many benefits to claim, I am sure you are wonderstruck by its versatility and easy accessibility features. So, download the mobile wallets now and make your transactions within an instant.  

Praneet is the CEO and Editor of the website TeckFly.com. He is a blogger and have varoius blog on various topic and he is from India who loves to read and write about Technology, Gadgets and Gaming. If you share the similar interests then you can follow him on Facebook | Google+ | Twitter

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