What is mobile wallet

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What is mobile wallet?
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• What is mobile wallet?
• It is a mode of cashless payment.
• Smartphone is used virtually as a mobile wallet.
• You dont need to go anywhere to do Online mobile
  recharge, DTH, Datacard, Gas bill, Electricity
  bill, Bus hotel Flight ticket booking.
• You can pay for all these with the help of wallet.

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TYPES OF MOBILE WALLET
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• Allows you to buy Good Services
• You can withdraw cash from ATMs or Banks
• Transfer Funds
• Send Money to bank account or anyones mobile
  number

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• Allows you to make transections with selected
  merchants who have contract with particular
  wallet.
• Ex. Airtel Money. If you are using Airtel money
  wallet you can only make transections with the
  merchants who have contract with particular
  wallet.
• Cant withdraw the cash from wallet as well as it
  is non-refundable. So think twice before adding
  large amount in the wallet.

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• You can buy goods from the listed merchants and
  can perform financial services at listed
  location.
• PayTM is best example of Semi closed wallet.

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• Mostly e-commerce companies have closed wallets.
• In case of cancellation or returning the product
  the money will be credited into the wallet.
• Closed wallet money can be spent only on the
  merchants site.
• Myntra is best example of closed wallet.

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• You can also get your personal digital wallet.
  Visit our site Efast.in to get yours and Shop
  with us. We are giving 50 off on shopping and
  much more exciting deals like cash back up to
  100 on every recharge. Visit Efast today and get
  the special Festival discounts.