Hootfor

‘Time is Money.’ This is what Benjamin Franklin had said thus connecting these two quantities. And these are exactly the two quantities which the Mobile Wallet seeks to bring together i.e. save time while spending and managing money. A mobile wallet in simple terms is a system of making payments. It is just a method of paying. The difference between online payment services (like we encounter during online shopping) and mobile wallet is that you can use this wallet to make payments in a physical store too! It’s just like you swiping your card in a store or giving cash to pay, but will be much easier than card or cash. So now there would be no worries of forgetting your ‘wallet’! With everything new, there is excitement as well as skepticism and hesitancy.