Why Develop eWallet Mobile app

Making cash payments on the delivery of products or in exchange of goods is quite old school. Cash has gradually been replaced by the plastic cards which have helped the economy become cashless making it easy for people as they do not have to carry their money or bags with them. Even better, the introduction of e-Wallet mobile apps has made it, even more, easier as users can now make all payments with the help of their devices. Mobile wallet applications as new ways of payments have come into being with the emergence of eCommerce and making payments contactless in the wake of the global pandemic has given rise to several digital payments companies and eWallet mobile app.

While an ordinary wallet might be stacked with a lot of cards and money, the e-wallets act as a solution offering the users to save their card information in them and make payments simply by scanning a QR code or entering the number of the payee. The money gets deducted from their accounts directly and is transferred to the bank accounts of the payee. This has not only simplified transactions but has also made people quite efficient in making a quick transfer of money.


Advantages and Benefits of Using E-Wallet

The e-wallets, also known as digital wallet or electronic wallet, are one of the new payment methods that has experienced more growth in recent years.

It is a wallet or purse available through the Internet where you can keep currencies. E-wallet is not a bank account, it is only a tool that facilitates electronic payments in affiliated stores and internationally very quickly. The money kept in them is not physical, but it can be transferred to bank accounts.

An electronic Wallet can be managed from a smartphone , computer or computer in a very simple way, with a password .

There you can receive payments for different concepts in the currencies accepted by the Wallet. If you require another currency, you can go to an exchange.

For people accustomed to making purchases over the Internet, having an electronic wallet can make your life easier. From an e-wallet application the user can manage their money virtually from their mobile and make payments easily at any time.

What are the main advantages of using an wallet? 


When making payments using cash, we always run the risk of receiving the wrong change or of losing a note. In addition, when we carry out card transactions, we may be surprised with a fake ATM or even have our password and card stolen.

The digital wallet, on the other hand, is very secure and does not send your data to make the payment, for example. That’s because it uses QR Code or NFC (payment by approximation) technology. Both are very safe.

As security is always a concern on digital issues, we have to say that all electronic wallets use encryption and tokenization technology. When paying with an electronic wallet, the online store never has access to card or account data.

It is common for the user to have to unlock their device and then enter the password of their digital wallet or use the authentication method enabled.

Ease of Use

Another important note to point out that its use is very practical, simple and convenient, since the payment is made faster than by entering the conventional credit card in the POS. In addition, it is not necessary to use any pin in most transactions, as long as the price is not very high.

In addition, e-wallets store all the movements made with the cards as electronic receipts, so using them there is no need to waste paper. In addition, it is more difficult to lose the phone than the printed ticket that justifies the purchases and reflects the charges, so it also facilitates the claims in case of some erroneous collection.

Greater control over your spending

As everything you pay for with your digital wallet is recorded in it, it becomes easier to control expenses. Because, whenever you need you can consult the payment history and see everything that was purchased through the wallet.


Advantages of Using an E-Wallet

Many people choose to use an e-wallet because they believe it will help them avoid embarrassing situations. It’s important to know what your options are though and if using one is right for you.

When someone receives a bill or money, it is transferred to their e-wallet. The recipient can then easily access the money through a credit card or debit card number or any other transfer system that is available. So, if the receiver was going to give you the money in the first place, why would they need to pay you back?

There are a few advantages to using an e-wallet. First, your e-wallet contains your money so you don’t have to go through the hassles of printing checks or paying the check. You can also receive a lot of money in one transaction by simply withdrawing your funds from your e-wallet. In this way, it is very convenient to send money from your bank account to your e-wallet and vice versa.