Facts about e-wallet you may not know

You heard about e-wallet on mass broadcast multimedia, you may even heard about money will be completely replaced by e-wallet, but are you fully understand what is e-wallet ? Must be something mystique in your mind, this article will be helpful.

Opening an e-wallet is even faster than creating a bank account

Nowadays, owning an e-wallet is easier and quicker than ever. In order to open a new e-wallet, user do not have to take on complicated paper work or have a bank account.

Everything you have to do is choosing a high-reputation provider, enter their website or download their application, full fill personal information and after few seconds, you will have your own e-wallet.

E-wallet is economic, not like what you have though about

You do not have to pay for the fee to open an account, no maintaining fee, no transferring cost,…e-wallet almostly is free for people. You just need a mobile number, then you are able to create your e-wallet with no cost. Above of that, every e-wallets on the market are providing a discount on their goods, in privately, VTC Pay has announced that have saved over 34 billion VND for customers during 2016 to 2017.

Using e-wallet is trending payment method that will change people payment habits.

Your money in e-wallet is equivalent to the bank account.

At first, this obviously fact but there are not so many people know it. When you use the provider’s service, the money you have in e-wallet is equivalent to the bank account. Because of that, you can require the provider to withdraw form your e-wallet, easily and legally.

E-wallet is concordant with small and medium amount in a transaction.

E-wallet support multiple payment menthod, no limitation on transaction. At now, with every online transactions, the bank will require minimum of 50.000 VND (~2.5 USD)/ transaction. But, by using e-wallet, you can purchase a payment much lower than normal requirement.

Beggar now use e-wallet for begging money

At present, e-wallet is very popular to our life. Alipay, Wechat Wallet,…are well-known at China that support user pay for every goods, service, from paying for breakfast to giving a beggar money. In Vietnam, VTC Pay is one of trustworthy e-wallet providers which are providing services. These services has proven it capability to help people a lot in their daily life.

A beggar in Shandong, China uses a QR code for receiving money

You can purchase thousands of things by using e-wallet

Maybe this things will surprise you, but, in fact, you can pay for products on VTC365, facility bills, insurance, buying film tickets,…very convenient. The number of products that use e-wallet to purchase is increasing because the huge demand of Vietnamese people.

With lots of new payment menthods are developed, like Near Field Communication (NFC), QR code,…e-wallet will be more and more friendly than paying by cash. Additionally, the trend of using cash is decreasing, e-wallet is a “required tool” with any modern Vietnamese.