Fintech: what is a mobile wallet?

There are several developments taking place in the fintech industry that enhance the way consumers process transactions. One of them is the introduction of mobile wallets. This is a type of payment solution via which businesses and individuals can send and receive money through mobile devices. For instance, they can utilise their smartphones or tablets. This settlement solution is also known as mobile money or a mobile money transfer. It is a form of e-commerce model that is attracting a lot of users due to its convenience and ease.

Mobile wallets are easy to utilise