MOBILE. WALLETS.
What are Mobile Wallets??
* Mobile payment (also referred to as mobile money, mobile money transfer, and mobile wallet) generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods.
:- Although the concept of using non-coin-based currency systems has a long history,it is only recently that the technology to support such systems has become widely avaliable.
* Mobile payment (also referred to as mobile money, mobile money transfer, and mobile wallet) generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods.
:- Although the concept of using non-coin-based currency systems has a long history,it is only recently that the technology to support such systems has become widely avaliable.
How mobile wallets work
- Download the mobile wallet app (or it may be already built into your mobile device).
- Add your credit card or debit card information to the mobile wallet.
- When you check out at participating merchants, access the mobile wallet and choose your card. If you’re making an in-store purchase, just hold your mobile device at the terminal.
