The internet is probably the biggest market in the world where products and services are sold and bough on a regular basis. These transactions are enabled with the help of credit-cards or debit-cards or facilities like e-wallet.
The e-wallet is something that gives users the facility to store money in digital format and exchange it for goods or services as and when required. This has made shopping on the web a lot more easy. One does not need to use a credit-card or even a debit-card for the purpose of these transactions.
One of the best things about e-wallet is that they are accessible from mobile-phones. So, they are as handy and accessible as the ordinary wallet. Users only have to flip out their mobile handset, and in a couple of moves, the transaction is completed. The availability of currency notes is not important here.
Payments are accepted by e-wallets by a lot of e-commerce portals. Transactions can be completed in a jiffy using e-wallets. Popular e-wallets like PayPal and Moneybookers use a password to protect against unauthorised use.
The most common transactions made using e-wallets are airline ticket bookings and even movie-ticket bookings. Almost all hotels and resorts offer booking and payment through e-wallets today. It has become a lot easier to book some rooms in a different part of the world while you draw the plans for traveling. A large number of utility bills can be paid using e-wallets.
They are completed while being within the comforts of one's home or office. Accessibility of the internet over mobile-handsets has meant the use of e-wallets from practically any location in the world.