#MONEYMONDAY: WHY YOU MIGHT GIVE AWAY YOUR WALLET SOON
Fashion has seen to the rise and fall of different designs of female wallets both those that impede functionality and those that do just what is expected of wallets to do. There is no doubt that the woman’s handbag and wallet are one of her closest buddies but with the advent of digital technology, more women will be willing to have e-wallets.
A digital wallet refers to an electronic device or online service that allows an individual to make electronic transactions. This can include purchasing items online 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.
Flipping out some notes from your wallets and organizing your cards and other necessities look appealing but e-wallets give you some great options too. Mobile wallets are quickly gaining popularity and this because they give you the opportunity to receive rewards. If your card offers cash back or other rewards, you’ll still receive those when using that card in a mobile wallet. In fact, when you always have your virtual card on-hand, it may even be easier to rack up rewards. Talk about spending cash to gain some cash, super cool, isn’t it?
With a mobile wallet, you can pay quickly by holding your phone over the payment terminal and verifying the purchase. Most transactions can be completed in just a few seconds. So, it saves you the stress of dashing to an ATM and running sweaty over the counter to pay bills.
But before you get apprehensive of losing that beautiful wallet, we still think the traditional leather wallet is your stalwart companion for safekeeping precious possessions of all kinds but getting a digital wallet can save the spine of that pretty leather wallet.