Digital Wallet App | Mobile Wallet App

Now, money is a universal medium of exchange used all over the world. There are different currencies for different nations whose amount of money is determined by the global currency market. When the process of availing goods and services has evolved so much, so should usage of money.

Many entrepreneurs have started to invest in digital wallet app development for their apps or an open wallet system. A digital wallet app is an application on your phone that helps you pay for goods and services through online transactions without the need for hard cash.

Types of Wallets:
1. Open wallet
2. Closed wallet
3. Semi-closed wallet

Apart from the above, it is needed to understand that the wallet apps are segregated as a hot wallet and cold wallet.

Added September 17, 2020 | 426 Views


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