Mobile online wallets are digital versions of physical wallets that allow users to store their digital assets. The top 10 mobile wallets in the world are:
1. What is a mobile online wallet?
A mobile wallet is a way of storing money on a smartphone. It allows users to pay for things using their phone or receive funds from other people via contactless payments, such as Apple Pay and Google Wallet.
2. What is a contactless payment?
A contactless payment, also known as NFC (near-field communication) payment, is a type of electronic transaction where the cardholder’s credit or debit card information is not entered into the point-of-sale device. Instead, by simply tapping their card on a contactless payment terminal, the transaction is completed.
3. What are the benefits of mobile wallets?
Mobile wallets allow users to make payments in real-time and at a distance using their phones or other devices, meaning they can pay for goods without having to physically hand over their cards. They also allow users to receive money from other people, making them an ideal way of transferring funds between friends and family members.
1. Phone Bank
It is a P2P (peer-to-peer) payment platform which does not charge any fees for transactions and allows users to send and receive money without the need for an account. It also offers a mobile-friendly app that enables users to make payments directly from their phones.
The popular Chinese messaging application is one of the most widely used apps in China, with over 1 billion active users. It is also the world’s most popular mobile payments app, with over 1 billion active users in China alone.
The largest third-party payment platform in China, Alipay allows users to make payments through their smartphones or tablets by scanning a QR code or scanning a user’s account information.
4. Google Wallet
The digital wallet developed by Google allows users to send and receive money through their smartphones, and also offers an online platform for banks and credit unions to store customers’ bank cards or virtual wallets in addition to allowing them to make payments using Android Pay.
It is a digital wallet that uses the bitcoin blockchain to securely store users’ assets and provides them with access to financial services such as payment processing, loans, insurance and more. The service allows users to send money anywhere in the world for less than $1 using their bitcoin.
It is a digital wallet and mobile payment platform which allows users to send money through their smartphones, pay bills online and also use the app to transfer funds between friends or family members in real-time. The service was launched in 2012 and has over 5 million active users.
The app is designed to let users send money easily and securely with no need for an account or PIN number, making it one of the most popular digital wallets in China. It also offers a mobile payment service that allows users to pay bills using their phones.
8. WeChat Pay
It is a mobile payment service that allows users to pay bills, transfer money between friends and family members in real-time using their smartphones.
The world’s largest electronic payment network with over 1 billion cards in circulation, it offers users access to more than 600,000 payment points in more than 100 countries. The service is available to users of UnionPay cards and allows them to make payments anywhere in the world using their credit or debit card issued by the bank that issued their card.
A mobile phone app that allows users to send money from one mobile phone to another, or deposit funds into a bank account using their own phones. It is used by over 40 million people in Kenya and Tanzania.