How to Create a Mobile Wallet App for Digital Transactions
How to Create a Mobile Wallet App for Digital Transactions Digital wallets are online payment tools, usually in the form of an app. Wallet securely stores virtual versions of debit and credit cards, so you do not need to enter your card details or carry a physical card to make payments. Also save digital tickets and e-vouchers here, so you always have the documents you need on hand. How does a digital wallet work? The digital wallet app employs software to link your payment information to the vendor who is using your linked bank account to make a transaction. Open wallets (approved by most stores) enable online purchases, contactless in-store payments and cashbacks, and even withdrawals at some ATMs. Only specified transactions with the retailer's set group or the wallet-issued retailer are permitted with semi-closed and closed wallets. Read More : Cost to Develop an Mobile wallet App like Paytm Types of mobile wallet Many types of digital wallet apps are different due to their p...