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How many E-Wallet Types are there? What usage each type is suitable for?

Application E-wallet has grown dramatically in the cashless era. ACU PAY has developed a financial application called ACU PAY, which is suitable for people who don’t like to carry cash. What type of E-wallet does ACU PAY fall into? ACU PAY will give you a hint.

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How many E-Wallet Types are there

We all know what the E-wallet is, there are many different forms of electronic wallets, and each system uses different functions. We will present each of the following categories for you to study.

E-wallet Type 1: Pure Wallet

Designed to be a wallet and create an application for the e-wallet system especially. It is an online wallet where you do not have to carry cash and can also pay for a variety of items. For example;

ACU PAY

It is an application that provides financial transactions through electronic channels. QR-code payment can be made convenient, fast, and easy to use. You can do a transfer easily if you have each other’s phone number. You can also review your transaction history for 6 months, free of charge if you bind your bank account to ACU PAY. There are also many promotional activities for ACU PAY’s users to collect points and then redeem them for prizes.

E-wallet Type 2: E-Commerce Wallet

It is a wallet that E-commerce businesses normally have. It is an application similar to a wallet but in the online form, non-cash, and provides users with a secure payment system, as well as a fast and efficient delivery service. For example;

  1. Lazada Wallet: A platform that offers a wide range of products, including discount promotions and discount codes.
  2. Kaidee: A platform with new secondhand and new products to order online, delivered, and stored for use information.

E-wallet Type 3 Bank Wallet or Mobile Banking

It’s like a main usage for those who already have a bank account. This is like a main wallet since everyone has a bank account to do transactions. Mobile Banking facilitates all aspects of payment, whether money transfers, withdrawals, or QR code scanning to receive money from others, and can also pay taxes via Mobile Banking.  The Revenue Department has established a more convenient way to pay taxes. It is easy to pay taxes via Mobile Banking, whether by QR code, e-payment, or by credit card.

E-wallet Type 4: Mobile Device Wallet

It stores digital credit and debit card information to spend, collect points, collect coupons from shops, store personal information, etc., as well as password and fingerprinting. Mobile Wallet is very useful for E-wallet payment. Therefore, businesses should prepare for E-wallet payments because E-wallet is very popular these days.

We hope you all got the answer. ACU PAY is in the category when the technology world becomes involved in everyday life. Everything is much more convenient because every day we have to spend with only one mobile phone and yet, financial applications are not just E-wallet, there’s more. Nevertheless, the one we’re going to talk about in the next article is Digital E-wallet, so stay tuned

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