One of the innovations in fintech industry is the mobile wallet. What is this? It is a
form of cashless
payment system. As its name suggests, it acts as a purse which is
stored on your smartphone or tablet. As such, this decreases the amount of cash
that you have to carry around. It involves several payment processing models.
For instance, mobile-based billing
allows a user to send money via his/her network service provider. Due to its
convenience and ease of access, this settlement method is becoming
increasingly popular in the e-commerce
sector.
Mobile
wallets are very convenient to use
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