Why are e-wallets the future of on-the-go payments?
We have all heard the age-old saying that cash is king. However, in the past few years, e-wallets have taken the scene by storm, and from the look of things, they might be going for the throne.
Malaysia was introduced to the e-wallet scene back in 2017. Fast forward 6 years later and we now have over 50 different e-wallets used all over the country.
This, however, is only the beginning. The world of fintech is constantly evolving, with new technology being implemented every few months. It is needless to say that fintech and e-wallets, in particular, are the future of our everyday transactions.
Despite that, many are still not convinced. Questions like “How would it benefit me?” and “Is it even safe?” pop up every day. In this article, we will be exploring the benefits of e-wallets and how they may make your everyday transactions much more convenient.
Safety and Security
Security of your finances has always been a menace to society from robberies and snatch thieves to scams and stolen cards. While a wallet can easily be stolen, it isn’t that simple when it comes to e-wallets.
E-wallets nowadays are heavily encrypted and password protected. Even with a stolen phone, it would be tough for these thieves to get through to your e-wallets.
Convenience
You’re standing at the cashier when you realise that you do not have enough cash for the payment. You proceed to whip out your card but that pesky machine is having problems again.
These awkward situations can be avoided with the usage of e-wallets. With a smartphone and internet access, these transactions can be done in a matter of seconds with a few taps. In this modern era, smartphones have become a norm and internet coverage is practically everywhere. E-wallet transactions have also grown tremendously with most stores offering a variety of e-wallet payment options.
Other than store payments, e-wallets also provide other forms of transaction services. Utility bill payments, money transfers, telco payments, parking fees and the list goes on. E-wallets enable users to experience a one-stop-shop experience when using them.
Expenses Tracking
If there is an issue with your verification, a pop-up message will appear informing you about the hiccup. You would be redirected to our customer service Whatsapp.
Please inform our customer service agents regarding the issue and they will personally help you with your verification.
Rewards
All of us love rewards.
From point collection to instant cashback, the possibilities are endless when using e-wallets. These benefits allow users to get the best bang for their buck when using their e-wallets.
Some e-wallets also have partnerships with brands and services to provide their users with special discounts.
Furthermore, giveaways, campaigns and lucky draws are happening all-year round over various e-wallet platforms. If you’re lucky, you might get your hands on some attractive prizes.
How about GOPAY?
At GOPAY, we provide users with a secure all-in-one app for all your payment needs. That’s not all. We offer instant cashback, referral incentives, overriding credit and various campaigns for users to enjoy.
So what are you waiting for? Join the GOPAYer movement today!
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