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WHY THE MOBILE WALLET IS HERE TO STAY?

Isn’t it easy to just take your smart mobile and walk up to a shop and buy anything you want? No more pocket changes, no more huge wallets and no more extra cards. Just your smart mobile is what you need in this new cashless era!

Mobile wallets can now make your payments at the tap of your finger. Due to its ease of use, many have started accepting payments through mobile wallets and the consumers have also started seeing the advantages that come with it.

Faster checkouts

In mobile wallets, the customer can now add all their card details to use for payments in the future. By adding this, customers can just check out by holding the device in the proximity of the Near Field Communication (NFC) enabled devices and make the transaction. Now, they don’t need to wait for a long time in a line, pick up a card and swipe it or worse, count the cash to buy things. Mobile wallets have drastically reduced the time one needs to wait for checkout and it also reduces the hassles of carrying multiple payment cards.

Loyalty Programs

Mobile discounts and rewards through loyalty programs can actually increase sales and also helps in increasing customer retention. One of the early successful loyalty programs with mobile payments was by Starbucks wherein for every 12 purchases a customer makes through their mobile wallet, they will get a cup of coffee for free. Through this promotion, Starbucks was able to register 11% of their sales through mobile wallet payments. Such loyalty programs can benefit the consumers and also the companies; so it’s a win-win for both.

High security

Usually, when you use credit cards to make payments, there are chances of the credit card number being misused. But with mobile wallet payments, the card details are secure and on top of that, many other biometric password protection factors make sure that your card details will be safe with you. You can experience high levels of security with mobile wallets than with the physical cards.

Cashless and much more!

While we think of cashless transactions when we immediately think of mobile wallets, but they can do much more too! Mobile wallets can be used to store your identity cards like driving license, visa or any other virtual cards all on your mobile device. Some of the mobile wallets also have the option of storing cryptocurrencies like the Puut Wallet in which one can make transactions with cryptocurrencies like any other normal currency. You can even go an extra mile and save your tickets, biometric passwords, vouchers and receipts too in Puut Wallet!

Mobile wallets have now become a one-in-all wallet in which you can store all payment cards, IDs, tickets and even cryptocurrencies.