What is mobile wallet MW is a solution for commercial transaction across domain and geography. Such as Osaifu Keitai, Smart Wallet, Softcard, Google Wallet, Passbook, MasterPass etc. Lots of solutions is available in market but still mobile wallets are n an early stage of market. If we defined Mobile Wallet in One line, it is equivalent to the physical wallet (wallet in pocket) and which can be used for purchasing goods, cloths, services at any time and any location. It can be in form of ID or social security card, health card, payment card, tickets for transport, or movies or events, hotel bill, gift and coupons.

1. What is Mobile Wallet? How it works?
Mobile walletprovidesyouhowyoucanboostup your business,andhow youcan improve your
customer’sexperience.
What is Mobile Wallet? MWis a solutionforcommercial transactionacrossdomainandgeography.
Such as OsaifuKeitai,SmartWallet,Softcard,Google Wallet,Passbook,MasterPassetc.Lotsof
solutionsisavailable inmarketbutstill mobile walletsare nan earlystage of market.
If we definedMobile WalletinOne line,itisequivalenttothe physical wallet(walletinpocket) and
whichcan be usedfor purchasinggoods,cloths,servicesatanytime and any location.Itcan be in
formof ID or social securitycard,healthcard, paymentcard,ticketsfortransport,or moviesor
events,hotel bill,giftandcoupons.
WhyMobile Wallet– Market isstill doingexperimentsonsolutions,andtoday’sworldisnotwell
definedwithstandardizationprocessandimplementationsolutionsfore-transactions.
How mobile WalletsWork
Equivalentmoney(of yourwalletpocketvalue) storedinyourmobile wallet,canbe usedinmany
differentaspects. Mobile Walletowner’spersonal informationiscrucial tosecured.Inthat
prospective,the ownerinformationmighttakeninformof number,card,password,ordigital
signature,thumbscan,eye reorganizationorQR code or somethingelse,torelate orlinkwithowner
personal data.
Nowbasedon equivalentmoneyavailable inmobilewallet,anyonecanpurchase equivalentworthy
goods,servicesoranything.
As workingasMobile architectwithDaemonsoftware services,India,we have goodpracticesand
competencytobuildwalletservices(Mobilewallet)
Top few pointsneedto understand before movingto Mobile Walletdomain–
1. Mobile walletisthe digital equivalenttoaphysical wallet
2. Two groupsof mobile wallet –Proximity&remote
3. Basedon requiredofferservices, Umbrellawalletsare looselycoupledwithvariousservices,
while integratedwalletshave all servicesfullyintegrated
4. Mobile Walletservicesare – payment,coupons,ticketing,accessandidentity
5. Mobile walletindailylife
6. Mobile walletswill provide youessential customerdatathat can be analysedtothe
advantage andfor business