We can use Wallet installed in smartphones used to store digital content for payment or non-payment cards. These cards can be bank cards, loyalty cards, discount cards, membership cards, shopping cards, boarding passes, movie tickets, and entrance tickets.
Wallet is also a new marketing medium allowing the transmission of marketing messages to customers. It enhances customer experience with the products and services of suppliers. When opening the Wallet, users can find the cards installed in their wallets such as bank cards, membership cards, and counterfeit cards. When clicking on each card, the user can see details on the card such as name or card number.
Previously, transactions that a user made were only displayed and classified into purchases and services. Users will have to tinker to find out exactly what transaction they made by cross-checking the price displayed in the Wallet app and the receipt of the purchase in the App Store.
The Wallet application has now been improved and added a new entry containing the name and icon for the transaction type. For example, when you renew the Apple Music service, the Wallet app will display the service name and a music note icon. Naturally, this also works with third-party in-app purchases. It allows Apple Card users to better understand what they have paid for.
The Apple Card credit card was first introduced by Apple in August 2019, in partnership with Goldman Sachs. They introduced Apple Card as a credit card that refunds the transaction with no fees, except interest. When making transactions with an Apple Card, users can save 3% of the total money on any transaction on the Apple Store, including in-app purchases. Apple has also partnered with popular brands like Nike, Uber, and T-Mobile to offer 3% cashback rates when using an Apple Card.
Besides, all other transactions made through Apple Pay will receive a 2% refund and physical card swipes will receive a 1% refund. In Wallet, the supplier’s brand name is sent directly to the lock screen of the customer’s mobile phone and also transferred to and stored in the customer’s e-wallet. Customers do not need to maintain specialized IT resources and can still use MobiPass easily. The app will shorten the time to deploy marketing campaigns.
The app also collects and analyzes customer usage data to plan and promptly adjust marketing communication campaigns. Wallet encourages customer shopping behavior with messages most relevant to the environment and real-world circumstances. Customers will always have membership cards and vouchers that do not worry about forgetting the card. Digital content cards are transferred and stored right on the pre-installed software of Apple and Google to help reduce app development costs and app release costs.
Geographic location, proximity sensor communication, and can activate the app using time. We can activate the notifications of Wallet on the mobile device’s standby screen based on the parameters of geolocation (GPS), proximity sensor (Beacon), or at a predetermined time. It allows you to put the linked information (website link) for customers to access more information.
They integrate links into the card, allowing users to access with just one touch, creating an effective communication channel for customers. For example, customers can access the link to book an appointment, book a table, and test services. You will have flexible interaction, quick updates, and personalized information for each customer. All information on the card can be easily updated and customized for each customer.
Customers will receive a notification when there is a change. For example, change departure time, airplane doors, change promotions, and bonus points. Users can integrate the application and encourage customers to install the service provider’s application. It is a very effective tool to encourage customers to install apps. Just one touch and the application will be downloaded to the customer’s device.
You can send a notification to the lock screen of the customer’s mobile device. The developer can send notifications to the customer’s device, even when the device is in lock screen mode, helping customers not to miss information. We can customize information on the card in multiple languages depending on the language customers are using on their devices.
How to use Wallet?
You must make sure that the information is correct. To do this, click the cog icon in the top right corner of the Google Wallet homepage window. To edit the name and address, click the Edit button on the left side.
Identity verification will allow you to access several features online and across apps. These include activating a free Wallet Card with 24/7 monitoring of activities and receiving notifications. The app will ask for this information because financial regulations require payment providers to verify customers’ identities.
Wallet pin code generation
To keep your Wallet account safe, create a custom four-character pin. It adds an extra layer of security to your Wallet. When you send money, open apps, or withdraw money from an ATM using Wallet Card, use this pin. To set up a pin code for Wallet, on the Wallet settings window, click Set PIN. Then, enter the four-character code and click Create a PIN.
Install the application on a mobile device
To install the app on a mobile device, go to the Wallet homepage. Then click Install Now in the top right corner. Select Android or iOS to navigate to the Google Play Store or the iTunes Store and get the app for free. After downloading the app, open it, and log in with your Google account and Wallet pin.
To use Wallet to pay online, you just need to find the Buy with Google button on the app when making a payment. Sites that offer this option include 1-800 Flowers, Five Guys, Domino’s Pizza, Uber, and Toys “R” Us. You can also purchase apps and games from the Google Play Store, Drive, YouTube, and some Google properties pages.
To use the Wallet Card on the Store, select a credit or debit at checkout and enter your Wallet pin if requested. If you use a mobile app on your Android device, you can easily pay anywhere.
To transfer money to another person, click the Send Money button on your computer or a mobile application. If your identity verification failed or we skipped this step, they will ask you to confirm again. To do this, they may ask you to confirm with your phone number or submit a document online. Follow the steps on the screen to confirm.
After successfully confirming, you can send money to any of your friends and relatives living in the US by email address. Direct transfers from your bank account or Wallet Balance are free. However, for money transfer via Credit or Debit card, the shipping fee is 2.9%.
Recommended Alternative: Monefy
Monefy is a financial support application on Android devices with effective personal finance and expense management, helping you to plan for your expenses, both reasonably and economically, so you do not burn out. Monefy’s simple interface allows you to enter data for easy purposes or make adjustments to items.
With the support of Monefy, every individual will form a reasonable spending habit to manage their financial resources effectively and have a savings plan. On the interface of Monefy, they will show the revenues in green and red as the expenses. The application will automatically enter data into the expenses when it arises and accrue expenses. You can also adjust the items to suit your detailed habits.
Wallet is a financial management application with both the name and a similar function on the windows platform helping you to plan the most reasonable spending. Wallet also helps keep track of bank accounts and extract detailed statements.
Wallet can synchronize and back up data to a memory card. We can recover it, exported it in CSV format, or uploaded it to cloud services for safe storage. Password settings and security questions will secure data to lock apps. Wallet supports multiple languages, 40 different currencies, time-based money management, or debit cards and cash.