Features of e-wallet
- e-wallet can be accessed through a variety of devices such as smartphones, tablets, and computers, offering several benefits, including convenience, security, and speed.
- They work by allowing users to link their bank accounts, credit or debit cards, and other payment options to the e-wallet.
- They provide enhanced security features, such as password protection and encryption
- They allow quicker/ instant and more efficient transactions.
Once the account is set up, the user can then use the e-wallet to make payments, either in-store or online, and transfer money to other users.