Post on 08-Jan-2017
DIGITIZING OUR WALLETS
Digital Wallets forE-Commerce Development
E-Commerce – Multiple Uses• Shopping On The Internet • Trading Over The Internet
• Services• Products • Goods
• Needs• Electronic Fund Transfers Online• Electronic Data Interchange• Automated Data Collections & Processing
New Buzz Words• E-commerce
• Internet • Desktops & Personal Computers
• M-ecommerce • Mobile Devices
• Me-commerce• Transaction Based Sites
A Digital Wallet• Placeholder For Online Currency • Keeps Account Information Discrete• Accessed From
• Laptops• PCs• Mobiles• Smart Watches
DIGITAL WALLETThe Advantages
Assured Safety & Privacy• Linked Account Or Card Details Remain Hidden• Safe Transfers• Uses Security Layers
• Password • Voice • Other Biometrics
Simple & Convenient to Use• No OTPs, making it hassle-free• Saves Time• Feed Information Once• Saved For Later Transactions
Discounts and Loyalty• Store And Integrate Details Related To
• Discounts, Offers, Loyalty Points And Schemes• No Need To Separately Look For Discounts• User Avails Maximum Benefits From Purchase
Payments – Easy Set Up, Limited Sharing• Adhere To The Native Countries Tax Norms And Laws • Once Information Given Access From
• Email Ids• Any Other Identity Linked
Contemporary Electronic Commerce• Uses Electronic Commerce Modeling Language• Standardizes Checkout Forms • Assures Accuracy & Security
Digital Wallet Vs Mobile Wallet
Digital Wallets
Mobile Wallets
• A super set of all electronic wallets• A concept conceived when the smart
phones were not in vogue
• Are linked to a phone via an app• Rely on Digital Wallets to create an
interface with the service providers
DIGITAL WALLETThe Pioneers
PayPal• Founded in December 1998 • Association with eBay
• 184 million users
Paytm – Pay through Mobile• Founded In 2010 By One97 Communications• Prepaid Recharges And Shopping• Patronized By Mr Ratan Tata And Alibaba• 25 Million Users
EcoPayz• Based In UK, In 2000 As EcoCard• iPhone App In 2009• Multilingual Support To Facilitate Transactions• EcoPayz Business Account Solution In 2011
• Quick And Effective Means Of Paying Salaries And Expenses