The Greener Side Of E-Wallets

With the growing demands of people, the technology also needs to change its course. This has resulted into the development of fantastic devices and technologies. E-wallets is a perfect epitome of it. It helps to hold or store financial or credit card information in order to complete a transaction without re-entering the same information over and over again. It has been seen as a good method of storing electronic cash and it is also an easy, safe and secure way of storing important information such as all of the passwords for different accounts. It is also a file that you can save in your hard drive. This file would securely contain all of your personal information such as credit card numbers, expiration dates and billing addresses.

The basic motto of E-Wallet was to make payments speedy, precise and more secure.  As the payments are limited to your device, and can only be processed in very close contiguity to the second device, it helps increase security that has been lacking in some other forms of payment.  

Essential Points Of An Electronic Wallet

• Stores important  personal information in just one wallet like passwords and credit card information.
• Used for online purchasing of items.
• Convenient to use.
• Ensures that all your information is stored securely. It can be used very quickly to acquire the information you require.
• Works wirelessly, so no connections are necessary.

Advantages Of Having An Electronic Wallet

• Single E wallet can carry range of informations.
• Unlike other gadget or the use of cash, it can carry all the money you need without weighing you down.
• Entire Information is built in, so you don’t need to run a program in order to use the electronic wallet at all.
• It is very easy to connect, you just need to tap it on the other device.
• It simplifies check-out process  while shopping online.
• It is portable, you will always have the information you need with you to make a payment.
• It is very secure and hence your information is very safe.
• The electronic wallet can store all your information such addresses, photos and credit card information in a secure, organized and protected area.
• It can also protect people from viruses because it allows for encrypted web surfing.
• It helps in completing an online form, which can be very lengthy, by automating the completion process. There are times where people are tempted to abandon a purchase or account set up because the form is too lengthy or confusing.
• You can use E wallets while travelling, as it is universal.

Companies such as Flipkart, Jabong.com and Makemytrip.com offer closed wallets, while mobile recharging companies like Paytm, MobikWik & Oxigen have their own semi closed wallets and  open wallet is also provided by M-Pesa by Vodafone in partnership with ICICI Bank.

You may also use various offers and coupon codes to avail maximum benefits from these e-wallets. All major companies offer  discount coupons and one may use these like Paytm discount coupon, Mobikwik coupons to get maximum benefits.

Thus, E-wallets have not only revolutionised our lives but also our thoughtful purchasing patterns.