For centuries, people have been using cash and coins to make purchases. Then along came checks and plastic debit cards and credit cards. Now, it looks like these methods are about to be replaced by the rising popularity of digital wallets.
A digital wallet is a mobile app that lets users make payments and purchases without needing cash or credit cards. Apple Pay, Samsung Pay, and Google Pay are a few of the top digital wallet services. Digital wallets provide a convenient and safe way to make both online and in-store purchases.
Why are so many people using digital wallets instead of cash, credit cards, or debit cards? Digital wallets are safer and more secure than credit cards, cash, or debit cards. They provide for a better shopping experience and, make it easier to keep track of transactions.
It's not just consumers who benefit - digital wallets provide benefits to retailers as well. As a restaurant manager, I've seen how they make it easier for our counter staff to
process transactions. And in the age of COVID, contactless payment methods make things safer for both employees or customers.
I'll admit that I wasn't sure about digital wallets at first. At first, I thought they were just a passing fad. I didn't have the sense that they'd be around for long.
I'm happy to say that I was wrong. I've come to see digital wallets as one of the most innovative developments in retail commerce in the past decade. With millions of users and trillions in sales, I think it's safe to say that digital wallets are here to stay.