e Wallet platforms
eWallet platforms, also known as digital wallets or mobile wallets, are virtual platforms that securely store your financial information and enable electronic transactions. Here are some key points about eWallets:
Google Wallet: Google Wallet is a digital wallet that allows you to keep payment cards, loyalty cards, concert tickets, and more in one place on your Android phone. You can tap to pay at places where Google Pay is accepted, carry transit cards, and even store digital car keys.
Types of eWallets:
Online Wallets: Web-based digital wallet apps accessed through internet browsers for online shopping and eCommerce transactions.
Contactless Payment Cards: Although not strictly eWallets, these cards share similarities and facilitate contactless payments.
Functionality:
Payments: Make secure payments using stored card information.
Travel & Transit: Carry metro cards, plane tickets, and bus passes on your phone.
Loyalty Cards: Store loyalty and gift cards to save money.
Tickets: Use your phone as a ticket for events.
Digital Car Keys: Unlock your car using your phone.
Health: Store proof of vaccination for easy access.
Identity: Add your driver's license or student ID.
Security: Google Wallet offers advanced security and privacy controls
Some of the e-wallet platforms are: Hyper wallet, Omnego, Fundamo, PayOut, Zenius, Monexy, afePays, GoNow