Whether it’s the increasing awareness of their convenience, safety, or speed, more and more people have begun to warm up when it comes to using digital wallets. While still considered as APMs or alternative payment methods, they’re slowly becoming the preferred means of making purchases. For this reason, many expect the industry to boom. Even SMBs are leveraging it to drive their sales.
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However, it can be challenging to find one with so many options to choose from. To make things simpler for you, we’ve compiled a few of the best ones that are available in the market today and are likely to remain for a long period. So, if you want to know more about them, continue reading.
Google Wallet
Right up about 2016, the Google Wallet was little more than a mere mobile application. However, it’s now also a web app that can be used to send money with little more than a phone number or email address directly from a bank account, Wallet balance, or debit card so long as the recipient is in the United States. Transfers can be completed in no more than a few minutes, giving you enough time to enjoy a hobby, whether it’s reading or playing games from casino.netbet.fi. But keep in mind that you’ll have to input your PIN from Google Payments to gain access to the funds.
Cash App
Released back in 2014, Cash App offers its users the ability to make contactless purchases using their iPads and iPhones. Like most digital wallets, it allows you to store all of your financial information, like your debit and credit card details. However, the stored data can only be accessed through your fingerprint. What this means is that safety and security are non-issues.
Another product by the same developers that you should also keep an eye out for is Wallet. It’s a handy application that can store many things, ranging from boarding passes and movie tickets to coupons and loyalty cards.
Android Pay
Another payment option for smartphone users is Android pay. Like its namesake, the app is built to run on the titular operating system. It relies primarily on near-field communication technology for payments to be made to terminals that NFC enables. But its most significant appeal is that it has a loyalty program from Walgreen and that people can use it to pay for their GrubHub orders.
Samsung Pay
Launched back in 2015, Samsung Pay stands out from many other digital wallets for one reason: it can utilize both MST and NFC technologies. And using it gives users access to making payments through terminals that use magnetic stripes and those that are NFC-enabled. But, apart from that, it also possesses many of the features of its competitors.
Conclusion
The abovementioned digital wallets are the most commonly used and likely to remain relevant over many of their competitors. However, don’t be afraid to explore. Every digital wallet offers its fair share of unique features, after all. So, make sure that you check on other available options too.
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