🚀 Technological advances have changed the world of finance in the last 20 years. From basic online banking to payments via mobile phone and smartwatch, even payments using biometrics. The 'fintech' industry was born from all this progress, creating companies such as Revolut, PayPal and Monzo.
🔒 Digital wallets have become very popular due to their combination of security and time-saving benefits. A digital wallet is not your bank account, but rather software that connects your bank account and the merchant to whom you want to pay.
📱 Every digital wallet needs access to 'NFC', the technology that allows your device to make contactless payments at the pay point. Typically, these are stored on the phone and most modern smartphones also have biometrics.
🔐 Digital wallet security is guaranteed. The technology used uses only the most advanced forms of encryption. This means your financial and personal information is always safe and not at risk of being stolen by online spies.
💨 It's quick and easy to download a digital wallet, and you only need to connect your bank card and account at the start. After that, you won't have to worry about having to take out your card and enter your information every time you buy something online.
📌 So, which digital wallet is right for you depends on what you want and what you use it for.