Youtap /
/
/
/
Where do cards fit with eMoney wallets?

Where do cards fit with eMoney wallets?

Youtap

Youtap

Categories

Tags

In many emerging markets eMoney wallets have leapfrogged the traditional debit and credit card market. An eWallet is a feature rich app that does more than complete a payment transaction in the store. In South East Asia and emerging markets the relevance of cards have diminished significantly. The overall card penetrations in these markets was low compared to Western markets and eMoney wallets have circumvented any potential for cards and they struggle to be relevant. However they can provide a bridge between the old ‘wired’ world at point of sale and the eMoney app world. The card can be a companion to an eWallet on your phone and can be used in a store in which you can’t ‘snap’ a QR code and pay, or ‘tap’n’pay’ contactlessly. You can use a card to be accepted on non-smart, non-Android POS.

The other use case is for “cash out” at either an ATM or at a cash agent which uses old technology. Visualise standing in front of an ATM with a smartphone and your eMoney wallet and needing to do a cash withdrawal. You can’t snap a QR code, nor can a QR code on your phone be snapped and scanned … Use a card which is linked to your eMoney wallet.

Want to learn more? Get in touch with our team today.

Leave a Reply

Recently Viewed

No data was found

Latest Articles

Youtap
22 September 2023

Streamlining the Checkout Process: How Retailers and E-Commerce Platforms Can Benefit from Youtap’s Embedded Finance Options.

In the fast-paced world of e-commerce, the checkout process plays a pivotal role in shaping…

Youtap
21 September 2023

Empowering Start-Up FinTechs: Leveraging Data-Driven Decision-Making and Data Analytics with Youtap’s Digital Platform.

In today's dynamic banking and financial landscape, start-up financial technology (FinTech) companies face numerous challenges…

Youtap
14 September 2023

Transforming Financial Services: The Power of Youtap’s Digital Platform for Emerging FinTech Companies.

In today’s fast-paced digital landscape, financial technology (FinTech) companies are at the forefront of the…

Youtap
14 September 2023

Revolutionizing Banking: Creating a Client-Centric Experience with Youtap’s Suite of Digital Solutions.

The banking industry is undergoing a transformational shift in today's rapidly evolving digital landscape. Traditional…

Youtap
13 September 2023

Transforming Mobile Money Services: How Telecom Operators Can Leverage Youtap’s Digital Wallet Solutions for Added Value.

The ongoing, ever-evolving digital revolution has dramatically reshaped how we handle our banking and financial…

Youtap
11 September 2023

Bridging the Gap: How Emerging Fintech Firms Leverage Existing Platforms such as Youtap for Comprehensive Financial Services.

In recent years, the financial technology (FinTech) industry has witnessed remarkable growth and innovation, transforming…

Youtap Search