For quite some time already, services such as mobile wallets
and the likes are becoming more popular in the world of finance. Why is that so? Along with being convenient payment
solutions, they are also safer. These services work via smartphones. Most
of these devices have locks and you need some form of identification to use
them. This can be Face ID or a fingerprint
scan, which means that someone else will not be able to pay online on your
behalf. In contrast, debit
cards involve more risks.
Smartphones are locked with your biometric data © Royalty-free image
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