What are the advantages of Digital Wallets?
It is predicted that more than half of the U.S. population will be using mobile payments by 2020. By then, there will be an increase in the volume of mobile payments to $503 billion. Mobile wallets have diversified the means people pay for goods and services. Now, anyone with a mobile phone can make these different types of payments: tap and go via mobile wallet, peer-to-peer payments via mobile payment platforms, DCB or direct carrier billing, and more/
What’s the big deal with digital wallets and why are so many people transitioning from cash payments to cashless transactions?
First, you save time with digital wallets. Transactions are simpler, faster, and more efficient. Second, even without cash in hand, you can immediately pay for products and services as long as you have your mobile phone. Third, digital wallets allow you to instantly access your funds and know real-time the status of your transactions and payments.
Many people would still prefer cash payments but there’s no denying that the digital wallet is here to stay. After all, in a world advancing this fast, even transactions have to go digital to keep up. More advantages of digital wallets are listed in CryptoSecretist.com.
