2. Mobile wallet
Also known as digital wallet and eWallet. You can load money in your mobile wallet
and spend during online transactions
NPCI monitors all transactions through mobile wallets
Example: SBI Buddy, ICICI POCKETS, momoe, PayUMoney, Mobikwik, Freecharge,
Paytm, Airtel Money and many more
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3. Types of mobile wallet
Open Wallet- ICICI POCKETS etc
Closed Wallet- Freecharge etc
Semi Closed Wallet- Paytm etc
Some people also classify it by 4 categories with semi open wallet
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4. Advantages of mobile wallet
Avoid carrying cash
Avoid disclosing credit card and ATM or debit card details everywhere
Solve problem of asking change by merchants, shop owners
Share with your relatives and friends and avoid cash
5. Why many people are not using mobile
wallet
Many people are not comfortable in online transactions and lack of knowledge on
smartphone features
All vendors and merchants do not accept mobile wallet
6. Thank You
For more information please visit FavCounter
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