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Five Ways that Mobile Wallets Can Help Keep More Money in Your Pocket

Posted: November 2, 2016 at 7:19 am   /   by   /   comments (0)

Spending and saving simultaneously: what if such commerce was more than just a myth?

Thanks to mobile wallets, that’s exactly what savvy consumers today are doing.

The popularity of mobile wallets is impossible to deny; meanwhile, the United States is slowly but surely hopping on the bandwagon as more and more consumers understand the power of mobile recharge and spending on-the-go.

And businesses have to go where the consumers are.

From safety and security to ease of access, it’s understandable why so many smart phone users are relying on mobile payments, but what’s holding the skeptics back?

As with any new technology, perhaps it takes a bit of convincing. When you consider exactly how mobile wallets keep money in your pocket, however, it’s easy to understand why spending via smart phone may very well be the way of the future.

Whether you’re on the fence or simply want to make the most of your mobile wallet, keep the following benefits in the back of your mind to help you decide what spending (or receiving) options are right for you.

Instant Cash Back Options

First and foremost, mobile wallets are noted for their variety of cash back options. For example, through Mobikwik offers, users can get cash back on mobile recharge which essentially translates into free money. In short, the more you spend the more you save. This works just as well for businesses paying vendors as it does for consumers buying a new pair of shoes. Those relying on mobile wallets should be vigilant when it comes to spotting such coupons, as they can accumulate into huge savings over time.

No More Late Payments

Having your money tied to your smart phone just plain makes sense given the hustle and bustle of modern life. As consumers today depend more and more on their phones, having your wallet and calendar in the same place is a surefire way to prevent late payments on bills. For example, you can set up a calendar reminder synched with your mobile wallet to remind you to pay bills or set up auto-pay to avoid any sort of late fees in the future.

Low to No Transaction Fees

Transaction fees can quickly stack over time if we’re regularly doing business. You probably know this all too well. Think about it: vendor fees and ATM charges are nothing to scoff at. Thankfully, most mobile platforms bypass service charges to help ensure that users spend smarter, not more.

Loyalty Programs

As mobile wallets continue to emerge, as do loyalty programs to help incentive a larger base of users. Companies such as Apple and Samsung are already offering rewards to their customers to increase loyalty: why not get on the ground floor and reap the benefits of such programs while they last?

Less Dependance on Cash

While mobile wallets obviously eliminate the need for ATM fees, also consider how mobile wallets put the consumer in control in regard to what they spend.

For example, catching a cab or paying a vendor that doesn’t accept credit cards doesn’t have to be a headache if you can send mobile payments in an instant. In short, mobile wallets quite literally allow you to be more mobile when it comes to spending swiftly minus minor inconveniences such as keeping up with change or always having cash on hand.

Despite popular belief, mobile wallets represent much more than a trend. If you’re looking for a fresh way to spend and save at the same time, hop on the mobile bandwagon sooner rather than later and see for yourself what all the hype is about.

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