Cash goes virtual!

Cash goes virtual!
Latest technological inventions have smartened the mode of financial transactions.

Digital wallets ensure hassle-free e-commerce services across the board



by

Ishtiaq Ali Mehkri

Published: Tue 16 Oct 2018, 12:01 PM

Last updated: Tue 16 Oct 2018, 2:06 PM

Gone are the days when people were seen with wallets stuffed with crispy notes. In this new era, it's all digital. In other words, your fortune and assets, especially cash, has taken a virtual turn, and made you all powerful by offering the facility of making payments to a host of entities with just a tap on your palm.
Digital wallets are a reality, and all banking and financial institutions are coming up with renewed ideas to broaden their customer base by linking and upgrading them through technology. Thus, it won't be an exaggeration to say that wallet and money are now on fingertips.
Latest technological inventions have smartened the mode of financial transactions, eliminating paper work and making room for merchandisers, utility companies, as well as banks and payment mediums to be operative 24/7 on your designated app in smart phone. It evolves numerous services, including health, banking, traffic fines, managing credit and debit cards, overseas transactions and last but not the least purchases and sales. This is evolution at its best when it comes to customer care, ensuring that your money and its associated needs are taken care of in a jiff.
It is estimated that the number of people making use of digital wallet worldwide will double in the next few years, and online transactions would account for more than $3 trillion. The beauty and vibrancy of digital wallet is its authenticity, credibility and acceptability across the globe. It's hassle-free, paper-free and has no backup worries. This is why all customer services from banking to trading, and from production to shipments, are increasingly going digital and prefer their clients to make use of digital wallet.
- mehkri@khaleejtimes.com


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