Of late you must have noticed a strange thing, physical wallets are shrinking in size, carrying a fat wallet with wads of cash and umpteen debit or credit cards are a sign of one-upmanship or the fact that the person has arrived and is doing well for himself or herself, well that is pretty much old hat, it is passed.
Unheard Of
Another interesting change sweeping all over the place is evident in shrinking wallets and the mobile phones strangely growing in inverse proportion. Gone are the days when the only phone that used to be available were phones with plain, simple, basic functionality, smartphones were unheard of yet.
Modern Routine
With mobile penetration on the rise, smartphones are fast replacing the age-old wallets in our pockets. In this electronic day and age, digital wallets have come of age and are ruling the roost. They have sneaked into our daily modern routine ever so quietly and acquired a position of prominence.
Final Thoughts
This has resulted in our ultra-busy life becoming hassle-free, be it making money transfers, or payment to various e-commerce websites, recharging your mobile phones, carrying out daily transactions, they need not be a tussle any longer. A few taps on the touchscreen, voila! the entire thing is flawlessly accomplished. Easy transactions are protected from easy theft by ensuring encrypted data transfer, no loss of physical cards or memorizing humongous details, instant convenience on the go, the future hold immense promise for digital wallets, a key addition to bank jobs in India.
