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Frequently asked questions about e-wallet payments
What is e-wallet payment?
An e-wallet payment is a payment method that stores and manages a user’s payment information and funds through the use of an electronic device (e.g., smartphone, tablet, etc.). Users can add payment methods such as bank cards, credit cards or pre-payments to their e-wallets and use the e-wallet to complete online and offline payment transactions.
What are the advantages of e-wallet payments?
Convenience: Users only need to carry their cell phones or other electronic devices to make payments anytime, anywhere, without the need to carry a physical wallet or bank card.
Security: eWalletPay uses multiple authentication and encryption technologies to protect users’ payment information and transaction security.
Diversified payment methods: eWallet Payment supports a variety of payment methods, including bank cards, credit cards, prepaid and e-tickets, providing more choices and flexibility.
Convenient management: Users can conveniently manage multiple payment methods and view transaction records and balances in the e-wallet, enabling better payment management and control.
Are e-wallet payments secure?
E-wallet payments employ multiple security measures to protect users’ payment security. This includes the use of encryption to protect the user’s payment information, and the implementation of authentication measures (e.g., payment passwords, fingerprint recognition, etc.) to ensure that only authorized users are able to complete payment transactions.
With the AJ Pay payment gateway, you can quickly gain access to global payment capabilities and give your business a global reach.