Digitalization is the new trend. Now, you can do almost everything with your smartphone. You can book a taxi, order food, shop online, and transfer money with a few taps on your phone. You had to carry your physical wallet everywhere in the past, but now you can keep all your essential cards and cash in a digital wallet. It is a convenient and secure way to store your money.
Have you ever think how to make a digital wallet? Well, if you are a developer, you can develop a digital wallet app quickly with the help of some SDKs and APIs. But if you are not a developer, you can use digital wallet apps already available on Play Store and App Store. This blog post will help you find your smartphone’s best digital wallet app. Below is a list of the 5 best digital wallet apps you can use to store your money.
Apple Pay For iPhone Users
It is self-evident that iPhone users will go for Apple Pay. It is the default wallet app for iPhone and is very easy to set up and use. You can add your debit and credit cards to the app and use them to make payments quickly. It uses DPAN technology to make payments, enabling users to make payments by holding their iPhones near the contactless reader.
You can also use Apple Pay to pay for your school fees and other expenses if you are a student. The advantage of using Apple Pay is incredibly secure as it uses the Touch ID to authenticate payments. It will deposit the amount in your account within a day.
The finance charges for using Apple Pay are also very nominal. There is no need to worry about fraudulent activities as Apple Pay uses end-to-end encryption to safeguard your information.
Google Pay For Android Users
If you are a diehard Android fan, Google Pay is your best digital wallet app. It uses NFC technology. Usually, people are apprehensive about using this technology to make payments as they fear their personal information might get stolen. But you need not worry, as Google Pay is very secure and uses multiple layers of security to protect your information. Moreover, you can also use it to make peer-to-peer payments quickly.
The best part is that many merchants accept it. You can also use Google Pay to pay your utility bills quickly. The only disadvantage is that it is not available in all countries. With Google Pay, you can also avail of cashback and other discounts on your payments.
Paypal For Business Transactions
Paypal is one of the oldest and most popular digital wallet apps. It is handy for making online payments, as it is accepted by many merchants worldwide. You can also use it to quickly send or receive money from friends and family. The best part about Paypal is that it offers buyer protection, so you can be sure that your money is safe.
Paypal is the most trusted app in the freelance world. If you want freelance developers for hire, then you should use Paypal. It aid both the buyer and seller in the contract. The transactional fee of Paypal is low as compared to other digital wallets. The technology behind this reputable app is very secure. So, you do not have to worry about the safety of your money while using Paypal. You can use Paypal in almost every country, but some countries have restricted its usage.
FreshBooks Payments For Small Businesses
This is one of the best digital wallet apps for small businesses. It helps you keep track of your expenses and income and invoices customers quickly and easily. The app also allows you to accept credit card payments to get paid faster. FreshBooks also offers a great customer support team, so you can be sure you will get help if needed.
We have often seen that small businesses don’t have any accounting system because their transaction is low. In that case, FreshBooks is the best app for them. There is no need for powerful accounting software to manage low transactions. The main aim of FreshBooks is to help small businesses in their growth. To procure the privacy of data, this app uses bank-level security.
Square Cash App For Personal Transactions
If you are looking for a digital wallet app that is simple to use, then you should go for Square Cash App. It is one of the most user-friendly apps available in the market. This app can send or receive money from your friends and family quickly.
The best part about Square Cash App is that it is free to use. You need to have a debit card to use this app. The transaction fee of this app is also meager. Sometimes, you can even get your money back if the recipient does not receive the money. Being able to get your money back is a great feature that not many digital wallet apps offer. It is not available in all countries, but you can use it in the US, UK, and Canada.