Mobile Wallet Apps and Mobile Ecommerce: Not Intimidating These Days
Mobile wallet apps and mobile commerce have definitely come a long way. Nowadays, a lot of individuals use a digital (mobile) wallet to access electronic commerce transactions. An electronic device enables you to purchase items online through your computer or smartphone. Digital wallets are not only used for basic financial transaction, you can also use them to authenticate the holder’s credentials. For example, a digital wallet can verify the age of a client while purchasing alcohol.
It is important to note that the term digital wallet is not a singular technological device, but is made up of three major parts. This 3-part system is composed of the software that operates the top, the electronic infrastructure, and the device, or individual portion. The system has gained a lot of popularity to the point where it is widely used.
Security becomes less of an issue when using mobile wallets technology. This is mainly because mobile wallet apps technology is more secure compared to traditional cash payments. There are plenty of digital wallets that hold perks and benefits according to your preference. These include:
You just have to wave your smartphone or tap it against the NFC machine to make your payments. It recognizes the card information stored in your Google account.
It looks into barcodes and helps you deal with everything from movie tickets, airline bookings, plus loyalty cards for merchants. You are provided with time-based notifications when your ticket is nearing its due date.
The lemon wallet lets you store and utilize your credit/debit and loyalty cards. This app is available on Windows, Android, and iOS phones. The entire information is stored in a barcode that is scanned by merchants, so you can check all your balance and transactions info within the app. You can also take pictures of your receipts as a way of tracking your own spending.
It gets Android and iOS accessibility. It is about to Lemon wallet with extra provisions. Your credit card is linked to the app. You can’t pay from the credit card instead; the app uses merchant cards to pay for purchases. The square wallet app allows you to purchase items from one of its partner merchants. You can also purchase gift vouchers, and earn rewards and discounts each time you visit.
It moves toward its own cash to assist your spending patterns. You can handle coupons and make use of promotional codes as like other wallets. The app works well with the Android phone. You don’t need to worry about security since the wallet is pin-protected. You can also freeze your wallet remotely in case it is stolen and you can also reactivate your wallet if your smartphone has been recovered.
This app is available for various platforms like the Blackberry, IOS, and Android. It is mainly utilized for transferring money between friends. You can link your Venmo account to your bank account, credit card or debit card. Both parties must have a Venmo account to use the service. The app also allows you to share the transaction messages on different social media platforms like Twitter, Foursquare, and Facebook.
Based on recent browsing trends, research shows that the most online purchases are now being made through mobile platforms. Although a lot of consumers still use the traditional desktop or laptop for online shopping, the ability to purchase items using your mobile phone has gained a lot of ground. Recently, innovations in mobile payments have provided businesses with the necessary incentives to commit to mobile ecommerce. There are different types of pioneering mobile payments linked to mobile wallet apps and mobile ecommerce. Here are a few examples:
It is a mobile wallet app that gives you an easy access to your credit and debit cards as well as loyalty cards. All you need to do is purchase a special Loop Pay smartphone case, and download the app. After the app is downloaded, you can add all your cards to the phone.
It combines crowd funding with peer-to-peer payments. People can use the app to set up a project and map out payments made. This is a great app to use if you need to track who has paid and who hasn’t.
Mobile wallet apps and mobile commerce make it easier for the users to share pages and links to other mobile users.
Keeping in touch with the current trends in terms of technology can make a consumer’s life more convenient. For instance, prevailing trends and advancements in mobile wallet apps and mobile commerce can store important digitized data such as bank accounts and credit card information. Digitizing your financial data makes it easier to use or access goods and services.
Having personal identification such as your driver’s license, health-card, payments cards, loyalty cards, and login credentials handy can make certain tasks like purchasing items, filling out forms, applying for subscriptions, and availing of promotions much easier.
As more and more mobile wallet apps are released, the more viable mobile ecommerce becomes. Maybe in the near future smartphones will be everything the consumers need for all their financial transactions.
Audrey Zack is a Tech Geek and a passionate writer working with MobiCommerce, a platform to develop and build mobile eCommerce apps for your e-commerce website. She has a keen interest in writing about the ever-changing world of eCommerce business, mobile commerce technologies and upcoming trends. She has a broad view of the mobile eCommerce solution and how it will change immense business trend.