In the past, we had used natural money (such: nuts, leaf). In 650 B.C, precious metal money was the mainly currency. After that, in 1700s A.D, we have transferred to paper money like US Dollar, Euro and now, we are using card replace for traditional cash. The currency revolution doesn’t stop there, we're going to use our smartphone instead of card, metal money, cash, loyalty card. That's called Digital Wallet (also known as E-Wallet)

1. HOW TO USE
DIGITAL WALLET
EFFECTIVELY

2. In the Past

3. In the past, we had used natural money (such: nuts, leaf). In 650 B.C, precious
metal money was the mainly currency. After that, in 1700s A.D, we have
transferred to paper money like US Dollar, Euro and now, we are using card
replace for traditional cash. The currency revolution doesn’t stop there, we're
going to use our smartphone instead of card, metal money, cash, loyalty card.
That's called Digital Wallet (also known as E-Wallet)

4. Firstly, we have to know,
What is Digital Wallet

5. Digital wallets offer you a way to make
online payments without accessing your
bank account. All you need to do is load
cash in your digital wallet once, and then
use it for making payments across online
vendors, e-retailers, or for various service
providers like your mobile bill payment,
payments for cab services, etc.

6. “A digital wallet refers to an electronic device
that allows an individual to make electronic
transactions. This can include purchasing
items on-line with a computer or using a
smartphone to purchase something at a store.
An individual's bank account can also be
linked to the digital wallet. They might also
have their driver’s license, health card,
loyalty card(s) and other ID documents stored
on the phone.
-Wikipedia-

7. The system has already gained popularity around the world. In regards to
wireless technology, Asian countries have always been one step ahead of
America.

8. The Japanese market is the front-
runner in the case of digital wallets.
Most of the technology being
deployed was developed by Near-
Field Communications

9. Well, we have known what is
Digital Wallet, and now,
we'll find out the benefit.

10. First, it’s slims your wallet
You have more cards but there are no place
on your wallet for that? Instead of changing
your wallet into the new one- might cost you
from $5 to $1000 (even more), by holding on
your digital wallet could be the simpler way.
A digital wallet is a great way to slim down
while still having your important information
on hand.

11. Purchasing more convenient,
Purchasing with one taps, that makes all sense
with Digital wallet. Nowadays, you can booking a
movie ticket, airplane ticket, billing the electronic,
water, gas, cab fare with your mobile phone. No
more cash or wise your card for this.

12. Budgeting Has Never Been Easier
With the rise of digital wallets comes the incredible
concept of digitizing your budget, too. No more
recording transactions by hand, saving receipts, or
manually entering your expenses and income into
computer programs. Now you can link your wallet
directly to a budgeting app that does all the work for
you.

13. And, how does it work?

14. Digital
Wallet
Mobile
FinanceRetail
In reality digital wallet are not
built on a single ecosystem but
instead of require the
capabilities and expertise that
span multi pleeco systems,
namely mobile, Retail and
finance. Digital wallet lie at the
intersection of these ecosystems,
which another reason why
digital wallet are so complex
and why partnerships &
collaboration are so important.

15. Finance
Banks that participate in the
digital wallet ecosystem will need
to offer a full set of digital wallet
services- and these will beyond
their existing mobile banking
offerings.

16. Mobile
While, mobile is a bridge between Finance and
Retail. Mobile operators have been able to play a
key role in the mobile payments value chain
thanks to the role of premium SMS and operators
billing in supporting direct and third party payment
for digital services and content. In the future,
mobile wallet not only support for digital services
and content, also provide payment method for
traditional purchasing.

17. Retail plays role of acceptance point for
payment. They allow user pay by their digital
wallet, with technological support, money from
user’s digital wallet will direct transfer to
retailer’s bank account. The information such
as loyalty point, gift code, gift coupon will be
transfer into digital wallet of user. The two-way
information will help both user and retailer in
the financial management.
Retail

18. Now the most important
things, how to use the
digital wallet effectively?

19. Make a purchase with your tap,
be careful with your tap.
Make use of your phone’s screen-lock feature as it
makes it difficult for anyone to get access into your
phone. Make sure your mobile wallet app is password
protected. This would ensure no access to your mobile
wallet, even if your phone is lost or stolen.

20. Add super-duper hard password
for your digital wallet
application.
Make sure your mobile wallet app is password protected.
This would ensure no access to your mobile wallet, even
if your phone is lost or stolen. Have a unique password
for all your apps, especially the mobile wallet. Just in
case the hacker gets unauthorized access to your phone,
your mobile wallet can still be password protected.

21. Use mobile security apps which act as a safety
layer for any unauthorized access to your
phone. You can make use of remote monitoring
and delete your data so that your details remain
safe at all times.
Use mobile security
apps which act as a
safety layer for any
unauthorized access to
your phone.

22. Battery V.s Digital Wallet,
never-ending war
A traditional wallet doesn’t run out of battery.
If you have your cards on you, you can make a
purchase. However, using your smartphone as a
digital wallet can prove problematic when the
battery is dead. You can only pay as good as
your last charge. Make sure your mobile is full-
charged that equals your wallets is full of
energy.

23. The Mobile network
connectivity
Don't make a purchase when you are not
available for any network connectivity. This
could be charged double money for just an
item, and it's hard for refunds.