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Topic: Digital Wallet

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Omega
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Digital Wallet

How does an e-wallet work?

To understand the working principle of an e-wallet, let’s introduce a sample scenario. Here are the key players: 

  1. Consumer (cardholder)
  2. Device (smartphone, iPad, etc.)
  3. Token requestor (powered by the payment service provider)
  4. Token service (VISA, VisaNet, etc.)
  5. Issuer (the bank).


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Omega
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Date:
Any top-notch e-wallet should have AI and ML capabilities; these technologies form the bedrock of any modern e-wallet software. AI tools help you integrate admin panels and detect fraudulent activity.



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Omega
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Digital wallets must have an easy-to-use dashboard that enables end-users to monitor their spending and track their card data. Also, the dashboard should be responsive on all mobile, tablet, watch, and desktop devices. More here https://sdk.finance/digital-wallet-guide/.



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