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What is mobile wallet

Types of the mobile wallet are described in this presentation.<br>

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What is mobile wallet

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  1. What is mobile wallet?

  2. What is mobile wallet? • It is a mode of cashless payment. • Smartphone is used virtually as a mobile wallet. • You don’t need to go anywhere to do Online mobile recharge, DTH, Datacard, Gas bill, Electricity bill, Bus hotel & Flight ticket booking. • You can pay for all these with the help of wallet.

  3. TYPES OF MOBILE WALLET 2 4 3 1 2. Semi- Open 1. Open Wallet 3. Semi-Closed 4. Closed

  4. Allows you to buy Good & Services • You can withdraw cash from ATMs or Banks • Transfer Funds • Send Money to bank account or anyone’s mobile number 1 Open Wallet

  5. 2 • Allows you to make transections with selected merchants who have contract with particular wallet. • Ex. Airtel Money. If you are using Airtel money wallet you can only make transections with the merchants who have contract with particular wallet. • Cant withdraw the cash from wallet as well as it is non-refundable. So think twice before adding large amount in the wallet. 1 Semi- Open

  6. 3 • You can buy goods from the listed merchants and can perform financial services at listed location. • PayTM is best example of Semi closed wallet. Semi-Closed

  7. 4 • Mostly e-commerce companies have closed wallets. • In case of cancellation or returning the product the money will be credited into the wallet. • Closed wallet money can be spent only on the merchant’s site. • Myntra is best example of closed wallet. Closed

  8. You can also get your personal digital wallet. Visit our site Efast.in to get yours and Shop with us. We are giving 50% off on shopping and much more exciting deals like cash back up to 100% on every recharge. Visit Efast today and get the special Festival discounts.

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