Is not it easy to just take your smart phone and walk to a store and buy what you want? No more pocket changes, no more huge wallets and no more additional cards. Only your smartphone is what you need in this new era without cash!
Mobile wallets can now make their payments with the touch of their finger. Due to its ease of use, many have begun to accept payments through mobile wallets and consumers have also begun to see the advantages that this entails.
In mobile wallets, the customer can now add all the details of their card to use in the future. By adding this, customers can simply remove the device by placing the device near the Near Field Communication (NFC) enabled devices and perform the transaction. Now, you do not need to wait long in a row, pick up a card and slip it, or worse, count the money to buy things. Mobile wallets have drastically reduced the time one needs to wait to pay and also reduces the hassles of carrying multiple payment cards.
Mobile discounts and rewards through loyalty programs can increase sales and also help increase customer retention. One of the first successful loyalty programs with mobile payments was Starbucks, in which for every 12 purchases a customer makes through his mobile wallet, he will receive a free cup of coffee. Through this promotion, Starbucks was able to register 11% of its sales through mobile wallet payments. Such loyalty programs can benefit consumers as well as businesses; so it is a win-win for both.
Generally, when you use credit cards to make payments, there is a possibility that the credit card number is used incorrectly. But with mobile wallet payments, card details are safe and, in addition, many other biometric password protection factors ensure that your card information is secure with you. You can experience high levels of security with mobile wallets than with physical cards.
Cashless and much more!
While we think of cashless transactions when we immediately think of mobile wallets, they can also do much more! Mobile wallets can be used to store your identity cards, such as driver's license, visa or any other virtual card, all on your mobile device. Some of the mobile wallets also have the option of storing cryptocurrencies such as the Puut Wallet in which transactions with cryptocurrencies can be made like any other normal currency. You can even make an extra effort and save your tickets, biometric passwords, vouchers and receipts also in Puut Wallet!
Mobile wallets have now become a unique wallet in which you can store all payment cards, IDs, tickets and even cryptocurrencies.