What is an electronic wallet?
Electronic wallet, which is also called an electronic wall or digital wallet, allows people to make more conveniently transactions online. Like a traditional wallet, the e-party contains information about its owner. For consumers, the main advantage of using an electronic wallet is that it can automatically fill in the lengthy forms in performing online transactions and can also maintain personal data safer. User information
, for example, the name, address and numbers of credit cards are included in the electronic wallet. When the user wants to make a purchase, he clicks on the electronic wallet and online forms on the stakeholders are automatically filled in. These time -consuming forms have previously discouraged some shoppers from online purchase. E-commerce has always been attractive to consumers because it can be more comfortable than a visit to the Malta store. E-pipes make this process easier and probably much safer.
by a common problem with those who withE holds those who remain careful about shopping online is whether their personal and credit cards are kept safe. E-pipes are strongly encrypted to protect this information from hackers. They are much safer to use than sending e -mails or manually filling web forms that may or may not be sufficiently protected from piracy. This added defense against fraud can be attractive to both consumers and traders. The consumer can buy with greater certainty on the websites that accept its electronic wall, and the trader can attract business by providing this added warranty.
The trader may also avoid charges of abuse or loss of customer information. This is because the provider of electronic walls acts as an intermediary and takes responsibility for finding the content of the electronic wall. In order to support e-style and use its software, traders USUALLY either have to pay a fee or commission provisionOateral E-Wallet.
Electronic wallet can be stored on users' computers, but are now commonly stored on large central servers belonging to E-Wallet providers. Electronic wallets can now also be used via some mobile devices. Also in this line are companies mobile phones that can play the role of credit cards - clicking the phone against the reader instead of a traditional card can pay for the item. Since cash is still eroded with new forms of payments, it is likely that the electronic wallet will continue to evolve and integrate into new technologies.