ezipaysl-blog

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EziPay digital wallet provides an intuitive interface for users to pay for their utilities. Users are simply required to create an account with an email address and their mobile number, which acts as their unique identity to maintain their accounts.

[ezipaysl-blog]

EziPay provides an intuitive interface for users to pay for their utilities. Users are simply required to create an account with an email address and their mobile number, which acts as their unique identity to maintain their accounts. Read full PR.

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With EziPay digital wallet, the freedom to send money online instantly (24x7) has not only made high volume money transactions secure, but saves us a lot of time and effort. Read full article.

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How Digital Wallets Are Helping to Transfer Money Online

Until a few years ago, most money transactions happened over internet (via internet banking) or ATMs (Automated Teller Machines). As people got more acquainted with the internet, the deposit queues in banks got shorter and online bank transfers moved to mobile phones. Traditional banks and other financial institutions started offering mobile banking, where one could transfer money to bank at the ease of a tap on a bank’s app. Lately, online money transfer facility has got better and more convenient with digital wallets. Here are a few ways, digital wallets are making monetary transactions a breeze!

No additional Information required Most digital wallets require just your mobile number, where they are used as unique user names for identification. Unlike bank accounts, where you need to remember long account number and bank branch codes, you can avail online bank transfer facility to send money to your peers, friends, and family with the help of their mobile number. Instead of furnishing bank account information every time you make a deposit. Moreover, digital wallets are now frequently used to make online bill payment, which require nothing more than your respective mobile number in case of post-paid phone bills, customer ID in case of electricity bill and water-company, and many more.

No more carrying passbooks Not that bank passbooks are heavy, but if we (for some reason) forgot to carry our passbooks, our banks denied us money. With digital wallets, passbooks are now passé.

Instant money transfer to banks In case of traditional banks, we have to wait for banks to open and transfer money. Especially during bank holidays or weekends, when banks do not open and we have to wait until they open. Digital wallets have sort of democratized online money transfer. Whether it’s a national holiday or a weekend, as long as you have a digital wallet installed on your phone with an internet connection you can make online bank transfers instantly. There’s no more waiting! So if your friend’s running short on money, you can transfer money in a blink of an eye irrespective of whether it’s a holiday or not.

No additional charges Except regular taxes levied on online bank transfer (or service charge by banks), most digital wallets do not charge you any fee for their service. The use of digital wallets is almost free. This is also true in case, where one uses them to make online bill payment.

Additional services In addition to allowing users to transfer money online to peers, digital wallets also offer services such as mobile recharge, bill payments, Top-ups, remittance and many more. Most digital wallets also offer cash backs on making payments with it. Instant refunds on declined payments make digital wallets popular among highly cautious users.

Apart from the above mentioned features and benefits, digital wallets are constantly improving their services to make online bill payment easy.