The new trend of non-cash payment has received a positive response from the community because of its speed, convenience and safety. Therefore, people are gradually turning to using alternative products, the most popular being e-wallets. The appearance of e-wallets has been helping us save more time when making daily payment transactions. So what is an e-wallet? Why do so many people use e-wallets?
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1. What is an e-wallet?
what is network wallet?
An e-wallet, also known as an online wallet, is an online account with a popular online payment function today. E-wallets help you pay fees on the Internet such as electricity, water, telecommunications, tuition fees, buy airline tickets, movie tickets, you can also buy goods online from e-commerce sites like Lazada, Tiki, Shopee,... with this wallet. The form of payment by e-wallet is extremely simple and fast, saving both time and money of users.
The account of the e-wallet can store all the personal information of the user, it even links the bank account to make transactions faster.
Just owning a smartphone or laptop, wifi network and an account, you can make quick transactions anytime, anywhere.
2. Why do so many people use e-wallets?
The reason many people use e-wallets today is because of the convenience that e-wallets bring such as:
Why do so many people use e-wallets?
Save travel time to make transfers - receive money for relatives, partners, friends. Easily do things like make payments, transfer, and receive money.
Buying goods and services is faster and easier on today's electronic websites.
Help pay electricity and water bills quickly.
Perform account balance queries, to better control fluctuations in your account.
Bring convenience and safety to customers when using.
Paying with e-wallets is very simple because you only need a mobile phone and an account to be able to make your transactions.
Enjoy many incentives when using e-wallets.
The cost of using for financial transactions is low compared to other forms with the same features.
Receive and transfer money easily online: Make payments quickly and conveniently;
Used to pay online: Reduce management in transactions through bank cards;
Store money on the Internet: Reduce the circulation of cash, reduce the risk of inflation.
3. How to link and use e-wallets
How to link and use e-wallets
How to link e-wallets
Step 1: Download the e-wallet app you want to use.
Step 2: Register to open an account.
Step 3: Login to your e-wallet.
Step 4: Link the e-wallet with the bank you are using. Note that: Bank account registered for Internet Banking service.
Step 5: Provide relevant information to ensure successful linking.
Step 6: Verify OTP and done.
How to use e-wallets
Step 1: Open the e-wallet application and log in to your account.
Step 2: Choose the service to use: Buy online, buy phone cards, buy movie tickets, buy airline tickets, etc.
Step 3: Choose a payment source that is a linked bank account or an e-wallet account.
Step 4: Confirm the transaction with OTP code.
Step 5: Finish the transaction and exit the e-wallet for safety.
4. Some of the most popular e-wallets today
Momo e-wallet
This is a fairly popular e-wallet today and is used by many people because of its wide range of incentives and links with banks.
In 2016, the Goldman Sachs National Investment Bank and the multinational financial-banking company - Standard Chartered invested $28 million to develop Momo.
According to official information from Momo, the money in Momo is guaranteed by Vietcombank and this payment application belongs to M Serve Online Mobile Service Joint Stock Company.
Some of the most popular e-wallets today
ZaloPay e-wallet
ZaloPay is also an e-wallet with the same brand identity as Momo, just need to install the application on a smartphone to be able to use it anytime, anywhere (including New Year's holidays) at the point of acceptance. This wallet or online payment is also easy.
This is a product owned by Zion Co., Ltd. of VNG Group.
ShopeePay e-wallet
ShopeePay was formerly an Airpay e-wallet developed by Tien Phong Bank. ShopeePay is an e-wallet closely linked with Shopee, bringing many conveniences when shopping online, with discounts and free shipping, so it attracts a lot of users.
Moca e-wallet
As an e-wallet on Grab application, Moca ensures payment features for current Grab service users. In addition to paying for services provided by Grab such as transportation, delivery, food delivery, shopping, Moca is also used to transfer money, recharge phones.
