An e-wallet is an online prepaid account that allows users to store money for future online purchases and payments. E-wallets offer advantages like ease of use, accessibility, flexibility, and safety compared to traditional wallets. However, they also pose disadvantages such as potential for easy duplication and limited acceptance. Common e-wallet platforms and providers include Google Wallet, Qpass, and digital wallets supported on Android, iOS, Windows, and Mac operating systems that utilize near-field communication technology. E-wallets are used around the world, with popular examples being Osaifu-Keitai in Japan and MyKad in Malaysia.
2. ABOUT E-WALLET
E-wallet is an online prepaid account where
one can stock money, to be used when
required.
The electronic wallet (e-Wallet) is just like a
leather wallet as it does the same, in terms of
e- cash.
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3. FEATURESOF E-WALLET
More than 40 years of data retention
Firewall encrypted security logic
Compatible with many supporting hardware
No separate card reader is required to access
our card
External complexities are less
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4. Cont..
Refillable
Infinite lifetime
Current balance can be stored and read
User authentication is provided
Universal access
Maximum possible cash
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6. CHOOSEYOURWALLET
There are many different companies offering E-
wallets . Although each one is a little different ,
they all perform the same basic tasks . Some of
them are
Google e-wallet
Qpass
Ilium software
Card one plus
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8. DISADVANTAGESOF E-WALLET
Easy duplication
No memory to hold the current balance
Limited lifetime
Limited acceptance
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9. TECHNOLOGY
The main technology used for the digital
wallet is Near Field Communication(NFC).
It allows ,with a simple “tap” of the device
onto a reader, to exchange data between the
two device.
The device contains some information that
will be validated by the reader.
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10. SUPPORTED PLATFORMS
Android-4.0.3to6.0
Blackberry-Blackberry OS 4.7 to 7.1
Iphone,Ipad,Ipod-iOS 8, iOS 9
Mac- Mac OS X 10.9 or later
Windows mobile-Windows Mobile 6.5
Windows PC-Windows7,8&10
Windows Store-Windows 8.1,RT8.1&10
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11. GOOGLEWALLET
Google wallet for its transactions, allows
customers to purchase items from apples to
zoo tickets at brick and mortar stores by
using an Android app.
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12. ADVANTAGESOFGOOGLEWALLET
It’s a free app for Android phones
Free coupons are available from several sites
Prepaid offers are also available from Google
Offers Hub
Both savings and checkout are easier and fast
Designed to work with all retailers, networks
& banks
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13. APPLICATIONSAROUNDTHEWORLD
Osaifu-Keitaiis one of the most known e-Wallet in
the world.
Google launched the GoogleWallet application with
its Nexus S 4G
In France, the Cityzi service is used in electronic cash
transactions
One of the most “complete” e-Wallet service applied
nationwide is Malaysia’s “MyKad”, where the system
is compulsory for everyone, being used as the
national ID format.
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