If you are a smartphone user and have been using a payment app for Jio recharge online, for example, then you must be aware of a digital wallet. Also, if you have been using the same app to pay at a local grocery store with the QR scan, you would be aware of the QR codes. But, what are these two entities that have made our lives so easy and fast?
The goods of digital wallets and QR codes
One of the pros of digital wallets and the Quick Response coding system is that it helps in digital transactions. As a result, users can go cashless – they do not have to carry their physical wallets and cash everywhere they go. As long as they have the money in their bank account and use a smartphone-based payment app, they can transfer money and funds, pay bills, recharge their phone and DTH connections, etc., with no worries or hassles at all.
Another significant advantage of using these digital payment modes is that it helps take care of the ecology. As we all know, the planet today is in dire condition, and something needs to be done fast. One of the reasons behind starting the Digital India movement was to go paperless and save thousands of trees from being cut every year. When you choose to go digital with the help of your smartphone and a reliable payment app, you are not just choosing a more innovative way for your payments but also helping reduce your carbon footprint on the planet. This advantage is that the government saves a lot of money every year spent on printing and transporting complex currency notes.
User-friendly payment apps is a significant facilitator of online recharge and payment.
There are huge benefits of going in for digital wallets and QR code payment methods at the user level. The most significant advantage is that you can sit at the comfort of your home or office, be indoors without needing to step outdoors even for a moment. You can use your smartphone to open the payment app and seamlessly get your Airtel recharge done online.
Not just recharge; imagine paying your electricity and water bills using your digital wallet. While at a physical store, you can choose to scan the QR code for quick and smooth payment. There are no changes required, no bulky wallet in your pocket – all you need is your smartphone and an excellent, strong quality internet connection.
Remember these tips when using your digital wallet and QR code.
- Ensure that your digital wallet is from a dependable service provider. You must choose a trusted service provider as your payment app company. There are some highly reliable names in the online payment industry in India –read their reviews thoroughly, and if required, speak to experts before making a choice.
- Always ensure that you are on a private network when using the digital wallet or the payment app. Even in a public place like a hotel or a restaurant, instead of jumping at the offer to save a few bucks, use your Mobile Data network rather than the public Wi-Fi. It is especially applicable when making online payments.
- When choosing a payment provider, check the extra features and additional value-added services being offered by them. For example, few leading payment providers today offer services like credit facilities, wealth management options, and more. Since the Fintech sector in the country is expanding and growing at a phenomenal rate, you need to be wise enough to choose a service provider matching your present and future requirements.