E wallet IGVFS

Objectives Introduction types Functions features advantage disadvantage security how to use IGVFS

E wallet A Digital Wallet also known as e-wallet allows users to make electronic transactions quickly and securely. A Digital Wallet functions much like a physical wallet. The digital wallet is a method of storing various forms of electronic money (e-cash), the digital wallet has also evolved into a service that provides internet users with a convenient way to store and use onlineshopping information. IGVFS

Types of ewallets Pay TM. Momoe. Pay U Money. Mobikwik. Citrus. State Bank Buddy. Citi Master Pass. ICICI Pockets. www.igvfsonlineedu.in

Functions E-wallets can store your passwords, credit card numbers, email contacts and vital data like your driver's license or social security numbers. You may have your personal data recorded in several disparate locations, including your browser, spreadsheets, a PDA and on paper. Not only is it inconvenient to manage your online experience this way, but it can also be risky. Paper can get lost or waterlogged. Trying to remember and update your email contacts and credit card information can be overwhelming. An e-wallet allows you to unify and store the information that you need. You will only need to remember one password to unlock your encrypted data. IGVFS

Features Refillable infinite lifetime current balance can be stored or read cannot be duplicate maximum possible cash user authentication is provided universal access IGVFS

Advantages Ease of use Low cost safety & control flexibility IGVFS

Disadvantages Security Investment IGVFS

Security  A good e-wallet uses strong encryption for stored data. The user also needs to enter a password to open the stored files. Some e-wallets employ additional password security features such as a limit on failed password attempts. Once this limit is reached, the user will be locked out. IGVFS

How to use an e-wallet Sign in with your email id Look for the e wallet Create a new wallet for yourself When buying something from the site ,use your e-wallet to redeem as much cash as required Transfer money to the account using online transfer ,or your debit card /credit cards In case your balance in the e-wallet falls short, the balance payment can be done using traditional payment options IGVFS

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