There are 195 countries in the world today, and in the majority of these countries people can now use a variety of popular digital wallets to pay for goods and services at both land-based point-of-sale machines and online at millions of websites.
We take a look at some of today’s most popular digital wallets and also reveal what else digital wallets can be used for besides just paying for things.
What are digital wallets?
Digital wallets are one of the most modern ways to pay for items. They are an electronic form of payment that can be used to pay for goods and services at hundreds of thousands of point-of-sale machines out in the real world and at websites, wherever you see your digital wallet’s logo.
They can be stored on your smartphone or tablet device in the form of an app, and they are otherwise known as Alternative Payment Methods (APMs), web wallets, e-Wallets, or electronic wallets.
They are called APMs because they are different from the more traditional methods of payment, such as physical cash and cards. With digital wallets, you no longer need to carry physical money such as coins, notes or plastic cards.
You just scan your smartphone at the checkout to process the transaction. They are easy to use, super convenient, and extremely secure, which is why people prefer using e-wallets/digital wallets over more traditional payment methods.
Can digital wallets be used to deposit and withdraw at online casinos?
Yes, digital wallets can be used to deposit and withdraw at online casinos. When you sign up to some online casino sites today, you can often find matching deposit bonuses and other lucrative offers, such as a 50 no deposit free spins bonus.
More information about the latest offers can be found on the official Mr Gamble website.
What other things can digital wallets be used for?
As well as being able to pay for items using your digital wallet, they can also be used for many other things, making life much easier for people.
For example, they can be used to store things like concert and theatre tickets and hotel reservations, as well as gift cards, vouchers and membership cards.
You can also use your digital wallet to store your personal identification, plane tickets, bus tickets, train tickets, and much more besides.
In addition, digital wallets can be used to keep track of your payments and help you monitor past transactions.
What are the best digital wallets in the world?
It’s hard to say which digital wallet is the best as they all have basically similar features and functions, and some can only be used on certain devices.
Some of the most popular digital wallets out there today that many people will already be aware and familiar of by now, are the following tried and tested brands:
- Apple Pay
- Samsung Pay
- Google Wallet
- Trustly Wallet
- Cash App
- Venmo Dwolla
They are free to sign up to and easy to use. Once you have registered an account at PayPal, for example, you can top it up either by linking it to your bank account or credit/debit card.
Alternatively, you can top it up by receiving money from another PayPal account. Digital wallets can be used to send and receive money anywhere in the world, and they are definitely the future of paying for things.
Top photo by Mika Baumeister on Unsplash
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