Mobile wallets: what are those?

 

In today’s time and age, you must have heard of mobile wallets. Nonetheless, you may not know what those are or how they work? These are forms of payment services that allow individuals and businesses to transfer money to each other via smartphones. They act as a sort of e-commerce model that is becoming increasingly popular. Why is that so? Well, these types of settlement methods offer convenience. They are easy to access since, as mentioned above, you just need a smartphone to conduct financial transactions.

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