What is E Wallet and How Does it Work [Case Study Included]
Since the popularization of the Internet, consumers have been steadily moving their purchases online. Today, with the abundance of digital stores and payment systems, traditional payment methods look almost archaic.
Nevertheless, while an average user will likely know how e wallet works, for developers it may still be a challenging task — simply because of how many boxes they tick in the “requirements” section. To help you out with the development of a perfect wallet app, here is a comprehensive guide from Swag Softs’ team.
What is E Wallet and How Does it Work?
A digital wallet app, also referred to as an e-wallet, is an app that allows making digital payments from your phone. With the rise of mobile banking and m-commerce, the demand for a convenient way of managing funds and paying online has given a massive boost to the emergence of this niche in app development. Nowadays, there are several varieties of mobile wallets, each with its own set of features and approach to processing transactions. The most common ones are:
- Apps provided by payment services or banks that handle…
