As mobile phones have become an elemental part of human lifestyle, therefore we don't need to carry stuff like the offline wallet. Our smartphones will play a dictator role in guiding us for buying the products, make payments, disregard of any location.
With the exponential growth of mobile and e-commerce industry, all online merchants must implement a mobile wallet to boost business revenue and reduce the practical cost. The major benefit which online retailers can accomplish is the ability to curtail the cost which includes frauds, payment gateway security and payment processing fees. According to the recent survey, digital wallets also provides the opportunity to deeply connect with customers and also reduce the add to cart errors and meet the customer requirements and satisfaction. Further, digital wallet helps the merchants to sell more products and services by inviting their customers with offers like discounts, coupons, and cash back.
Still, there are many merchants in online industry who haven't implemented digital wallets. Don't you think they are lagging behind their business counterparts.? Obviously Yes.!! As we are heading towards a digital industry every merchant should establish a mobile enabled environment which helps turn your business into a brand and effectively engage with the customer. Over the last couple of months, India was under demonetisation effect where their was too much shortage of cash among the individuals. To overcome this cashless era, online wallet company named Paytm came into the picture. It's a portal which helps Kirana store owners, merchants, food vendors to accept payment through digital wallets. Hence helped sellers to continue with the same pace which they were into before demonetisation.
It's a high time for merchants to be a part of winning track by hiring the developer and integrate the digital wallets like PayU, CCAvenue, Paypal, Eway, Knet, and Jackpay.
Hey Sellers & Buyers !! Read out the advantages of Digital Wallets
Engage Online Shoppers
Consumer may abandon their orders while filling out the forms for the checkout process. To overcome this issue, digital wallet got launched which allows the user to feed the information securely and accurately.
Digital wallets make the transaction process secured as wallets don't tranfer the payment card details to the website. Digital wallet is convenient, easy and securable as compared to credit cards.
Get Rid of Physical Wallet
User doesn't need to carry a physical wallet as digital wallet are convenient and keep the record of all your bank & credit/debit card details at one place.
With a digital wallet, you don't need to fill out the card numbers and password every time as you can link all your credit, debit and net banking and pay with a single click without entering the details.
Data encrypted in Cloud
If you lost your phone you don't need to request for new cards. With the implementation of digital wallets, your credit card numbers are encrypted in the cloud which can be accessed remotely.
If you want to compete in this digital era then don't delay in integrating the digital wallets into your business module. Hire an experienced e-commerce developer and get developed your wallet based e-commerce storefront today. For any info or business requirements feel free to write us at firstname.lastname@example.org