Mobile Wallets
Mobile wallets are mobile applications that hold a user's credit card debit, or bank account information. Sometimes they also include loyalty program cards. A user can tap their phone to a point of sale device and card information is securely transmitted using Nearfield Communication (NFC) to the retailer for payment (The same technology used in this book). No more credit card swiping!
The same device that user's swipe their credit cards can be updated to support contact-less payments. Then mobile users can pay using their mobile phones through NFC technology.
Users can add payment cards to their mobile wallets by taking a photo of the card, or by entering the card information manually.
To use a mobile wallet all you have to do is download the mobile application from your phone's app store. Native mobile wallets like Android Pay and Apple Pay are the most popular as they are typically a factory installed app on new devices.
Facts about mobile wallets.
"The Internet is not just one thing, it's a collection of things - of numerous communications networks that all speak the same digital language."
Mobile Wallets are more popular in India
than any other country
Learn more
Here's a few reasons why you might want to use a mobile wallet
Read up on smart lightbulbs or watch one of the videos below
Mobile Wallets are more popular in different parts of the world