Over the past few years, the proliferation of e-wallets has been on the rise, which can be attributed to smartphone penetration and the surge of mobile payments. The use of e-wallets has created numerous possibility among users, and E-wallets have become a ticket to a world of financial convenience, security, and frictionless payments. Digital wallets are easy to integrate on multiple devices, and they have user-friendly interfaces.
Thanks to e-wallets, users in developing countries such as Kenya, can participate in the global marketplace including purchasing at global eCommerce sites and placing real-money wagers in online casinos without the need to open a bank account with a physical bank. The popularity of e-wallet options in Kenya, such as Mpesa and Airtel Money has seen most online casinos at onlinecasinoskenya.co.ke offer these two main mobile-wallets to Kenyan players. Other e-wallet options that are dominating the gambling industry include Skrill, Paypal, and Neteller.
Top 5 Reasons to Use E-wallets
Fast and Convenience
You don’t have to carry around a bulky wallet full or cash or a bunch of credit or debit cards. You only need to tap your device to make a payment or scan to pay for an item. The transactions are fast, and this saves you time. Most transactions can be completed in just a few seconds since you don’t have to enter your credit card details and identification as everything is already confirmed within the app.
High Security
Unlike regular wallets, e-wallets offer extra security where every transaction is authorized with a PIN or password or fingerprint scanner. More so, for online transactions, instead of your card number, you will be required to provide a unique transaction identifier or token which means you don’t have to share your account information with online stores which enhances the security of your data.
Easy to Load Money
You can link numerous payment options to your e-wallet, which makes it easy to fund your wallet. Some of the options include net banking, credit and debit cards. There are e-wallet providers that allow you to store rewards cards, loyalty cards, and coupons within your wallet which means you can conveniently access multiple cards all in one place.
Better Expenses Tracking
All the information about your transactions is stored in the app, which is easy to track, and you can analyze your weekly or monthly expenses. If you have a fixed budget, you can set your limits for particular categories of expenses, and this will help you avoid overspending. However, if you are buying expensive products, you can always disable the limit function.
Considerable Fees
It does not cost you anything to download and install a digital wallet. Some transactions are also free, but in most cases; there will be a flat fee with no additional charges or hidden costs.
Final Word
The booming smartphone usage has shown that digital wallets are the way of the future, and if you have not yet downloaded these apps, you are missing on the many benefits of E-wallets. You can use these wallets to make purchases on both local stores and online platforms with the guarantee of safety and convenience.
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