Mobile payment and P2P payments rapid adoption are fueling the growth of mWallet payment services globally.
Mobile Wallet apps like PayTm, PayPal, PayU Money, PhonePe, Google Pay, and others are also in the league of mobile wallet apps.
In the era of “Go-Cashless,” mWallet app development is the magnetic way to boost the business like PayTm and Google Pay is booting their own.
mWallet Specification & its Uses:
Monetary transactions in which customers make online and in-store purchases, pay bills and send or receive money with the use of a mobile device.
Instead of paying with cash or credit cards, payments can be performed through a barcode, a downloaded app, a web browser, or a text message.