People have now just started living their lives through smartphones as they play an important role in their life. They can get to know about all the things there; they can call, use the camera, connect with each other and now they do not even need the cash. It is because now they have a mobile wallet. For those who do not have any idea about the , it is the digital wallet that can be used by the person they install by downloading the application on their phone and then creating the account on that.
Once they have the account, they can even connect that with their bank account and make different transactions. You can experience several things if you choose to use the mobile wallet. It is the best way to make payments electronically through mobile. It has made the life of the person quite easy. Not just purchasing, a person can even pay their bills from that wallet too.
What is a mobile wallet?
It is an application that you can download on your mobile phone to store your payment information from a debit or credit card. It also allows you to make a purchase through the devices. There are so many mobile wallets that are compatible with different devices; the retailer even accepts the device as the payment method. The mobile wallet that is mostly used is- Google Pay, Apple Pay and Samsung Pay. It is so convenient to use, so most people use it.
How to set up a mobile wallet?
Once you have chosen the mobile wallet you want to set up, setting it up is quite easy. You can just open the application and add the information in there from your card. You need to know that you can add several cards to the mobile wallet, but you will only be able to make payment through one credit card, which is your default payment option. Once it is done, you can use that to purchase different things with the help of a card.
Can a person earn credit card rewards?
When you use the mobile wallet, then you can get the chance through which you can earn the credit card offer points. You can purchase different things and earn the different points, which you can collect and then use later. Not just the credit card rewards, there are several more bonus points you can have even you can get the cashback from using the wallet. In addition, you can get different coupons which you can redeem after.
Are they safe?
It is the most common question that so many people ask, and that is whether using the mobile wallet is safe. There is nothing to worry about that because it is not cash or credit card which can get stolen, and the information of your card in the mobile will be encrypted, so you do not have to worry about that even if your device gets lost or stolen.