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Showing posts from June, 2022

Traditional Banking and Mobile Banking: Differences, Pros, and Cons

 For many people in the past few years, online banking has evolved into the new norm. More people are moving their finances and account management online due to the rapidly evolving nature of technology and the dynamic consumer lifestyles. It should come as no surprise that traditional banks increasingly offer online and mobile banking services to accommodate their clients' expanding needs. In addition, traditional banking and mobile banking are two sides of the same coin, providing their clients with streamlined financial services via mobile and web applications. besides the actual locations of conventional banks. Having said that, are you debating between opening your subsequent bank through traditional banking or mobile banking? Or maybe you want to compare how their services and product offerings compare to What is Traditional Banking?   Although banking began around 2000 BC, the classic brick and mortar banks have been around since the 1900s, when a better method of safeguard

What is a Digital Wallet, its uses and examples?

 Any software, electronic gadget, or internet service that enables people or organisations to conduct transactions electronically is referred to as a digital wallet. Along with other things like gift cards and driver's licences, it also maintains users' payment information for various payment methods on different websites. E-wallets are another name for digital wallets. A digital wallet, which is typically carried as a smartphone app, can also be found on a desktop. However, due to its portability and flexibility, the smartphone app is the most widely used version of the digital wallet . In some situations, using a digital wallet is not only more practical but also safer than using a physical wallet. To use the service, users of digital wallets must download the specialised apps made by banks or reliable third parties. Significance of Digital Wallet All of a user's payment information is securely stored in a digital wallet in a small format. As a result, carrying actual wal