Business travellers have long existed in the world of commerce. In fact, travelling has primarily been a matter of business historically, from guiding the caravan to the next desert town to sailing across the oceans on a galley loaded with silk that took off from the Orient. A business traveler is someone with a profession through the ages, and that is hardly different in this very digital age.
Corporate traveler of the modern times definitely is more efficient in managing travel-related resources than stockpiling sacks and chests of coins and gold around – they have been keeping a wallet of sorts far smaller forms of payment, credit cards, cash, checks and whatnot albeit still being prone to loss and theft. That’s where e-wallets or digital wallets come into the picture.
The pace global business requires you to be on could occasionally put you on the wrong foot so even traditional wallets are on the verge of going out of business, literally. So, what do you do? Grab a digital wallet to take with you on a business trip, of course.
What is a Digital Wallet?
Before we get into why a digital wallet is an essential part of any business trip, we should first take a look at what it really is and why it matters. Digital wallet, put simply, is a term that gained popularity with the popularity rise of online payments and cryptocurrencies – as they are intangible assets in the first place requiring wallets of the same quality to be kept, cryptocurrency wallets performed a flashy entrance to the audience.
Digital wallet is a term that could not be restricted to cryptocurrency though – smartphones which already are standard personal effects have taken on yet another job by keeping hold of digital versions of our assets.
With each new update, digital wallets are reinventing themselves and becoming more compact and easy-to-use than ever. So, the next time you’re on a business trip, take a look our article to find out at why you should use your digital wallet.
Why Should You Use Your Digital Wallet While Travelling?
There are seven smart reasons to use your digital wallet when on a business trip:
- When going outside of the country, digital wallets can be used as long as the store accepts contactless payments.
- Biometric recognition, like a fingerprint or face scan, a passcode, or two-factor authentication are often needed to make payments with a digital wallet. This makes the payments safer.
- Card information that is stored and used in digital wallets is protected. This makes it less likely that someone will steal, leak, or otherwise get your personal information.
- When you buy something with a digital wallet, the shop does not store or see your personal card information.
- You might still be able to use your debit or credit card in your digital wallet if you lose the actual card, depending on your platform.
- Your digital wallet lets you see right away what recent purchases you made with your card.
- You don’t have to carry around a wallet or physical cards when you use a digital wallet. You can do purchases on your phone or smartwatch.
Using Digital Wallet as a Business Traveler
Representing your company away from the office comes with both its perks and caveats. Perks could be subjective, but caveats are definitely common enough to be regarded as common— keeping your money safe.
Making sure your cash, checks, tickets, and credit cards safe and sound on the go is a challenge, especially when you are concentrated on the next big deal on your business trip, and forgetting or losing any or all of these would severely damage your quest.
With all of these crucial data being kept in a double-layered secured software on your smartphone, theft and loss become less of a probability, as you would have far less to care about and, what could go wrong? Thanks to your e-wallet, you’ve got one less thing to worry about.
Digital wallets nowadays employ 2FA authentication measures that use biometrics as well, and all the information saved within is encrypted against any kind of leaks, making it practically impossible to be hacked. While security will always be a concern, we could safely claim that with digital wallets, the magnitude of such worry would be far lower.
Other than the obvious pros such as security and convenience, a corporate traveler might be awed at the opportunity that could come with using a digital wallet. To set an example, Kenya is one of the countries that lead mobile payments – with M-PESA payment method that you could easily use when you call a cab in Nairobi, your digital wallet integrated with M-PESA as an e-wallet payment method could easily solve your payment problems where cash or credit cards could not be used.
As the financial landscape shifts and evolves every other day, keeping a digital wallet with you on your next business trip could only prove useful, if not essential.
E-Wallets are Here to Help on Your Business Travels
All in all, as we close halfway through the 21st century, business travellers find themselves even better buddies with smartphones as they harbour your digital wallet as a Swiss army knife safekeeping your resources on your trip afar and it is only becoming the norm.
Switching to a digital wallet as a business traveller isn’t just about staying current; it’s about boosting your efficiency, security, and overall travel experience. Whether you’re managing expenses, accessing rewards, or ensuring the safety of your funds, a digital wallet is a smart, modern tool every business traveller should consider.
