Digitizing our wallets Digital Wallets for E-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 Wallet The 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
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Any Other Identity Linked
Contemporary Electronic Commerce • Uses Electronic Commerce Modeling Language • Standardizes Checkout Forms • Assures Accuracy & Security
Digital Wallet Vs Mobile Wallet • A super set of all electronic wallets • A concept conceived when the smart phones were not in vogue
Digital Wallets
Mobile Wallets
• Are linked to a phone via an app • Rely on Digital Wallets to create an interface with the service providers
Digital wallet The 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
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