Online transactions have increased in recent days and is about to increase even further in the coming with the incidence of more mobile transactions.
These mobile transactions were a means of earlier transactions mode in the form of bank transactions.
However, with the growing traffic in the mobile transaction space, there is more room for other players to get into this transaction space.E-wallets are the new way of transacting online with the ability to transfer, purchase, send or receive money digitally without any hassle.Type of e-wallets Basically, e-wallets comes in three forms, each with its own advantages and capability.
Irrespective of the kind of e-wallet it is important to look at what these has to offer to you for any transactions made using them.The first kind of wallets is completely within the network service provider, who has a wallet option that be filled in and used upon the needs of the user.
Typically used for mobile recharges and instant payments for services offered by the service provider itself.The second kind of wallets have got a better value for its users where it offers you with an option of discounts that are earned upon transactions made using this wallet to purchase any services provided by the service provider.
Often it is received as SMS with OTP or coupons that can be used while purchasing services to avail discounts.Third kind are the real time transaction instruments that are actually allowing you to transfer funds that can be used to buy anything that has e-commerce payments facility provided.