Developments in the fintech industry have resulted in a new product that facilitates today’s transactions. This product is an e-wallet. Already know, what is an e-wallet? As a payment method that is massively used in various transactions, the term e-wallet is certainly no stranger.
Even if they are familiar, some people still find it difficult to understand how to use it and what benefits it offers. Well, if you feel that way, don’t worry.
Come on, just follow the review below.
Understanding What is E-Wallet
E-Wallet is an abbreviation of electronic wallet, which means electronic wallet. This is a digital wallet service that can store funds, make payments inand in-store, and record transactions made from the wallet.
Digital wallet services can be accessed in the form of an application. To get this application you can download it from the Play Store or App Store on a smartphone device . Every e-wallet transaction is carried out online and requires an internet connection.
In terms of security, the e-wallet Consulting Email List application has security protection in the form of password protection to the use of the face verification method. You cannot use it without filling in the balance from the e-wallet application first.
Just like wallets in general, digital wallets are just a storage location service. However, the advantages of e-wallets compared to regular wallets are the features for recording transactions and the convenience of practical cashless payments.
How E-Wallets Work
Have you got an idea of what an e-wallet is like ? Well, next you can also find out about how e-wallets work. This discussion of how e-wallets work will help you understand the flow of transactions with digital wallets.
There are different ways to make payments, some are by using a virtual account or just scanning a barcode.
No need to worry about excess or shortage of payment nominal. After scanning the barcode or entering the VA number, you will be asked be Country List a to write down the amount of the fee to be paid yourself. Thus transactions are free of currency because you pay the right amount.
