A mobile wallet is a facility that can be used for various transactions by depositing money through mobile applications. Just like you keep money in your wallet, a mobile wallet can be used as a mobile application that works like a wallet.
Various banks in Nepal have made bank services usable through mobile applications as well. Banks should provide such services as mobile banking. Also, mobile wallets such as E-sewa, Khalti, IMEpay, etc. are also available in Nepal. Its use is increasing because it is easy to use and can be done even at home. Its main features are that it is difficult for many people to reach the bank and they can send money to each other. There is no hassle of carrying money for sending money for various purposes, recharging mobile phones, etc.
What are the benefits?
- You can check how much money is in your account. Not only this, you can also get information about your business from your mobile.
- Apart from keeping money in hand, there is no need to go to the bank for money transactions. For example, if you want to send money to someone, you can send money by sending a message.
- Water and electricity can be paid.
- But this service may vary from place to place. You can also make mobile and internet bill payments, pay landline phone and Dishome bills, and do online shopping.
- Account transaction information also comes directly to the mobile. If you withdraw money, a message will arrive on your mobile that you have withdrawn this much money. It also protects the money from being stolen. If someone is found withdrawing your money, legal action can also be taken.
- You can get various facilities to send money to banks, receive money sent from abroad, etc.
How to avail of Mobile Wallet and Mobile Banking Services?
- Every bank that has this service asks before opening the account whether to take this service or not. If you also want to take it, then you have to fill out a form. After filling in the mobile number, they will send a message. A code number is sent in that message.
- The mobile wallet application has to be downloaded and kept on the smartphone.
- If you want to avail the facility of a mobile wallet, then you can register by going to the application where registration is written or you can register by going to the website.
How much does it cost to avail of this facility?
- Money also varies according to the bank.
- Usually, they charge Rs 250 which is automatically deducted from your account.
- If you want to use a mobile wallet, then there will be no charge for registered money, but for large amounts of transactions, you will have to complete the prescribed procedure.
Which mobile phone do you want?
- If you want to run the application, you need a smartphone.
- It can be used on mobile phones running Facebook.
- Almost all applications can run on Android phones, and some applications cannot run on iPhones.
- Go to the Mobile Play Store and download the application.
Things to keep in mind while running a mobile wallet:
- Keep your mobile locked, and prevent your mobile wallet from being misused.
- Do not share the mobile wallet PIN with anyone and keep changing the PIN from time to time.
- Use the mobile wallet feature using your email or phone number.