Digital Wallets are revolutionizing the way people pay online mainly because of the convenience it brings to consumers. Adoption of mobile wallets in India is on the rise and merchants feel a growing need to provide for it to their customers.
Digital wallets, on the other hand, allow customers to store their money in an online wallet, which they can then use for various online transactions directly from the wallet. Digital wallets help you save time and are more secure since you do not have to enter your card details every time you do a financial transaction online.
There are many smartphone apps which offer digital wallets like Paytm, MobiKwik, and FreeCharge. With digital wallets, you can pay utility bills, recharge mobile phones, and DTH connections as well, the same way as you would through a traditional wallet.
Ascent AutoRecon© is a powerful reconciliation solution that stores all the transaction data through every stage of the transaction lifecycle, to improve financial control, increased compliance and full-fledged auditability.