Electronic wallet and mobile payment systems

The progressive demand for technology for the promotion of financial transactions has allowed the introduction of new ways of making electronic payments, making this system more practical and available to all from a mobile phone or computer to exemplify some.

Companies with the aim of reducing operating costs and increasing financial scams have forced some companies to use electronic transactions as a means of payment. This means that the users of these electronic media know the characteristics of each of them to begin implementing them within the business.

But how do you know how to choose between an electronic wallet and a mobile payment system? The truth is that the latter uses the high penetration of mobile equipment to bring its benefits to millions of users, clearly not leave aside the contributions that provides for users of the electronic wallet. In a particular point both alternatives offer advantages, it is only up to the user according to his needs to choose the one that suits him best, below are presented the qualities of each one of them.

The mobile payment exposes broad features, oriented to the use of any banking product (such as a checking account, savings bank or points of a loyalty program) with any smartphone to make transactions without changing the available technology and infrastructure, generating payments via, for example QR codes.

Electronic wallet is also known as mobile wallet is defined as an application that allows you to use a smartphone, this allows you to receive and make payments as if it were cash, through secure transactions from the mobile device or pc. Among the different companies that offer this service is Bitxoxo that allows you to buy and sell Bitcoins safely and quickly.

The electronic wallet is highly comfortable for the user because, while replacing the use of plastics and cash, it also allows access to more functions such as payments person to person and immediate transfers to any mobile. The ideal of these alternatives is that both provide the user with an opportunity for financial transactions to be safe, comfortable and practical.