7 Features Every Digital Wallet Must Have

In recent years, there has been an increased interest in the mobile payments.

Millennials and younger, digitally-native generations expect nothing but the best when it comes to their financial life. Many have already forgotten about their physical wallets, because smartphones do the same job, even better.

Always connected and empowered by technology customers nowadays require cutting-edge, highly-secured financial solutions that make payments as easy as possible.

So what should be the best features of a modern digital wallet like Jeton?

1. Security

One of the most important features a Digital wallet should have is security.
Mobile wallets can be secured with plenty of robust technologies, such as point-to-point encryption, tokenization, passwords, biometrics, out-of-band authentication, one-time password (OTP) via SMS, security questions.

Despite the fact that digital wallets are more secure than credit cards, security concerns remain the main obstacle to wallet adoption by consumers.

This is why Jeton provides and prove to customers our app is packed with powerful security capabilities.

2. Rewards

A good digital wallet is taking care of their loyal customers. Jeton Wallet for example, is offering 1% Instant Cashback on every purchase made with Jeton.

3. Chat support

With every technology sometimes there might be issues. This is why it’s important to have a professional support team ready to help you. When using Jeton app you have a Live Support button where you can speak to a member of our team any time of the day.

4. Cash in/out at bank branch or ATM

Holders of mobile wallets can make an ATM cash withdrawal without using a physical credit card. They can also choose to withdraw cash from a bank.

When it comes to ATMs, NFC technology is used – the same contactless technology that lets users pay by tapping their smartphone against a POS terminal.

Despite our world becoming more and more digital, cash is still important in many locations. For example, when users want to buy products from small local shops and markets.

5. Easy and fast registration

Our lifestyles are so fast paced that we can’t loose time on lengthy registration process. One of the best features of Jeton is that signing up is quick and simple. You only need your name, email and a strong password.

6. Merchants payments via contactless technologies

By now you probably know that in this time and age merchants need to be digitally adapted for their business to succeed.

Retail clients can make in-store payments using mobile wallets via contactless methods like near-field communication (NFC) and QR-code.

NFC is a contactless remote technology that works within a close distance (up to 10 cm) and provides people with secure payment between POS devices and smartphones.

QR code is short for Quick Response code and is very similar to a barcode. The user can easily scan the QR code via the camera on a smartphone witch interprets the barcode, and a related application or website opens.

Providing NFC and QR payment is a must-have wallet feature considering the ever-increasing user demand for contactless transfers and the convenience it offers.

7. Instant transfers between wallets

Another great feature of Jeton is you can instantly transfer money to other Jeton Wallet holders. All you need is their Jeton ID or email address.