Connect with us


Why is Mobile Wallet the future and How Does it Work



One of the most common discussions that you must’ve heard these days is the one pertaining to a ‘cashless economy’. In simple words, a cashless economy is an economy where the use of cash is minimal.

Digital transactions comprise of most of the transactions and instruments such as credit and debit cards are extremely common.

But today, it is not the debit or credit cards which have become popular. With the advent of smartphones, there has been a great increase in the number of users of digital mobile wallets, which now could be found as an app in every smartphone device.

This technology has revolutionized the concept of cashless economy and has the potential to give it a whole new paradigm.

What is a Mobile Wallet?

Imagine you have a wallet, which you carry around in your pocket with money in it. You use it whenever you have to pay for something. You just take out your wallet from your pocket, take money from it and give it to the person whom you have to pay.

This is what a normal wallet is. It is what we have been using for many years. Now, think about a wallet which is not visible physically. Rather, this wallet is inside your phone, and it holds some of the money in a digital format.

As far as digital wallets go, one needs to add money into them from time to time. Most of these wallets can be used to add your own payment details in them, such as your bank details, your UPI information, Credit and Debit cards, etc.

Today, there are a lot of different mobile wallets in the market. Wallets such as PayTm, PhonePe, MobiKwik, FreeCharge etc are extremely popular among the general public in India.

The general public, which has access to smartphones more than ever has accepted them and their use is now quite common amongst every class of people.

Their use is today much more than just for payments to others. One can say that they have truly revolutionized the digital payments industry and have contributed a lot to the future of a cashless economy.

How Does a Mobile Wallet Work?

To answer this question, let us first throw some light on the working of your conventional wallet. How does it work? Firstly, you need to own a wallet and put some of your money on it.

After that, whenever you are doing a transaction, you take out the money from your wallet which you had out in it and hand it over to the person with whom the transaction is taking place.

That completes a conventional cash transaction. You might see that in this type of transactions the role of the conventional wallet is extremely minimal.

So much so, that you could completely do away with the wallet and it won’t affect the nature of the transaction at all.

Now, in the case of a digital mobile wallet transaction, the exchange of money will take place, but here, you must know that your wallet is everything.

If you do not have a mobile wallet, then you will not be able to do a digital transaction. The working of a mobile wallet is quite simple. When two people are looking to transact using a mobile wallet, both parties need to have the same mobile wallet, for ex- PayTm.

To use the wallet, you must have a smartphone with an internet connection on it. You must also have an account on the particular wallet(in case of PayTm, a KYC completed account).

After that, if you are looking to pay the other party for something, then you will have to add money to your mobile wallet. To add money, you must either link your mobile wallet to your bank account from which you can directly add money.

Or you can also use your debit or credit card to add money. These days, UPI technology can also be used to add money to your digital mobile wallet. Just click on the ‘Add Money’ option in your mobile wallet and all the options will appear.

After you have added the money, the transaction is extremely similar to a traditional one. Once the money is added, all you need to do is to tap on Pay/Send Money and enter the mobile number of the person you have to pay the money or scan their unique code.

After that, the mobile wallet system will ask you to enter the amount and to confirm if you want to send the person the designated amount or not.

Tap on confirm and thee transaction is done. After the transaction is done, your mobile wallet will get debited by the amount you have paid and the person who received the money will have his wallet credited. You will also get a text message for the same.


This is how mobile wallets work. They are extremely easy to use and very handy. They are the future of money and monetary transactions. Hope you have a better idea about mobile wallets now. I personally prefer Phonepe as my phone wallet of choice.

What’s yours?

Share them in the comments section below.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


How using Hoverwatch Android Spy App you can track your employees




If you need to get in touch with your employees, then you have to contact them via the smartphone, so they are allowed to keep their phone with them during office hours. But what if the valuable time of the company is wasted by them by doing unnecessary stuff on the smartphones? While there are also several other reasons why you might consider using that same smartphone to manage your staff.

Reasons why you should use hoverwatch android spy app

Like already mentioned, your employees might be wasting the valuable time by using their Smartphone or leaking important company information. All of these can be tracked using the hoverwatch android spy app

1) Remain completely invisible 

the hoverwatch cell phone tracker will remain completely invisible to your employees even if they know inside out about their smartphones. Get the best and the most accurate information regarding your staff and manage their activities by using this app.

2) Track calls and text messages

worried that your staff might be secretly giving out sensitive information? This is a huge reason why you should consider using a smartphone to manage your staff. Try now hoverwatch app and track any calls or SMS that is incoming or outgoing. You can even record all the conversations that take place, so in case of any such situation, you can catch your employee red-handed.

3) Geolocation to view the location

do you doubt that your employee does not stay in the place during an onsite work outside? Track them easily with the new hoverwatch android spy app and manage them easily. Thus your company will not suffer any more if you know how to use the smartphone and this app.

4) Track as many as five devices

not just one of your staff with the hoverwatch android spy app you can monitor five devices at the same time. So know about the whereabouts of all of your staff simultaneously and not just phone you can even track their laptops and desktops to make sure that they are doing their work properly.

5) Android screenshot

explore what is in their gallery so that you know none of your valuable company information is leaked outside. Try now hoverwatch app as it clicks periodic screenshots of the tracked devices. This way you will have an idea of what for your staff uses the phone most.

This will improve the condition of your company. Better management of the staff is possible by keeping track of their activities which you might find suspicious. This will not only increase the productivity in the office, but also the net outcome will be more as none of your staff will waste time on their phones anymore. This app is a boon for people who have inattentive or lazy employees.

How to install this app for all android devices?

  •    Start off by creating an online account on that too just by entering your email id & giving a password you find suitable
  •    The next step is to simply download & install from the online account that you just created, the free spy app that is available there
  •    Now you are all set to use the app, monitor any device that you want & store all of their information in the online account that you created. Watch them whenever & wherever you want easily.

Features of the cell phone spy app

  •    Location services- once this app is installed by you, easily track the location and whereabouts of your staff.
  •    Internet activity –it is detrimental to the company if your employee visits various social networking sites during work hours. With the hoverwatch app, you can manage the websites that they visit and even block them.
  •    Front camera option- this feature will use the front cam of the tracked phone to click the instant picture of any person using the front camera of that device whenever someone will try to unlock the device that you are specifically tracking.
Continue Reading


3 Ways For New Websites To Incentivize Spending




If you’ve ever started a website with the intent of monetizing it, you know there are about a million different things to try. Ad placement is generally the best way to start generating income, but usually, it’s very slight until you build up a significant and regular base of visitors.

Beyond this, generating any kind of income depends largely on what kind of site you’re running. There are some general strategies that can apply to a lot of different kinds of sites though, and ultimately incentivize visitors to do at least a little bit of spending.

1 – Get People To Stick Around

Getting people to stay on a website is one of the main challenges faced by anyone who runs one. Indeed, you can find whole lists of hacks and tricks for how to get the job done. And while this doesn’t necessarily impact spending in a direct way, the simple fact is that the longer people stay on your site, the more good your site is doing.

It may mean they’re considering making purchases or subscribing, that they’re getting attached to content or material they might spend on in the future, or even that they’re getting more likely to share your site with other people.

Time translates to money in numerous ways, so even if you don’t see the direct benefit you’ll want to put a lot of effort into making sure people have a reason to navigate your site and stay on it as long as possible.

2 – Built Payments Into A Subscription

If your site involves any kind of membership or subscription, then you already have a means of charging your most loyal and frequent visitors – which is something you should take advantage of. This site actually introduces a model that would work for any site with a subscription.

Dealing specifically with casino gaming and real money deposits, the site discusses the option of players depositing cash via their phone bills – such that a payment is effectively tacked on to an existing, regular payment.

You can offer a similar service through your site, such that on-site purchases of any kind are simply added to regular subscription fees. Simply put, it makes it easier for people to spend and often makes them think less about what they’re spending.

3 – Ask For Donations

This isn’t an idea that appeals to very many site owners, at least at first. There’s a sense of going it alone and setting out to earn accomplishments when you build and launch a site, and asking for donations can feel almost lazy, or even like you’re cheating. As strange as it seems, however, this is a method that’s been proven to work.

The most high-profile example is Wikipedia, which is estimated to make tens of millions of dollars through its regular asks for donations. Naturally, that’s a huge example of an extremely popular site, but it does show in a basic way that people will chip in to keep a good project going. If your site serves a purpose and does it well, a polite notice asking visitors to donate may actually help you keep it running.

Continue Reading


9 Ways to Get More Instagram Followers




Instagram has more than 1 billion active users all around the world and is undoubtedly the best photo-sharing community in the world. Even from the business point of view, it can be a powerful tool, if approached in a correct manner. Like any other popular social media platform, the key lies in the list of followers.

So here is a list of 9 ways by which you can easily get more Instagram followers:

1. Hit Your Base

The easiest way to begin increasing your follower base is by announcing it to your friends/followers on other platforms such as:

  • Facebook
  • Twitter
  • Email list
  • Youtube
  • Website
  • Signs & Posters
  • Products (Physical)

2. Like It Up

This is also a simple way to gain Instagram if you are bound to a limited budget. For example, if you are a musician, you can like posts related to your industry, your interest or like-minded people. This is a proven way of getting back followers. When you will like someone’s post, they will surely watch out for your Insta profile.

3. Post For Perfection

The quote of “quality over quantity” is also applicable to Instagram. Nobody likes all of your pictures if you post them in bulk. Try to post fewer pictures but they should be relevant, interactive and of high quality. A relevant and interactive picture is what most of the people want to interact with.

4. #Hashtag Heaven

Hashtags are the best friends on Instagram. They allow you with a power to connect the like-minded people. Using hashtags can help people to find you easily as well as your ultimate goal.

A hashtag word is just written to pertain what you or your picture are about to. If you own a chain of restaurants, and you are posting a picture of a new dish, you should include hashtags such as #bestdish, #awesomefood, #loveforfood, #foodlove, #creativedish, and many others.

Using such a technique will make your picture under a hashtag classification and will open your exposure to more followers.

5. Comment Like You Mean It

“Likes” are good, but comments are everything in case of Instagram. When your followers comment on your picture, it means that they have gone beyond double tapping your photo. It is understood that leaving a comment takes some time, it is because they resonated with it. Comments can be either bad or good, but it surely tells you the feeling of that person with you or your content.

Commenting is considered very valuable as it engages more audience towards your profile. So take some time to leave up a positive and honest comment so as to increase the possibility of getting up new followers.

6. Become Your Competitor

See the hashtags used by your competitors and try to use them in your posts. It is one of the best ways to know the activity of your competitors and at the same time sharing their audience too.

You can always use services to boost posts and following through an Instagram panel.

7. Follow At-Will

Social media is a two-way street. So it is good to follow back your followers. People will interact with you, so it’s vital to do the same. Following people gives you an allowance to expand your interaction circle.

8. Geo Stickers

Fans or followers love to see where you are up to, what you are doing and when or where you are doing. This is why you should use geo stickers which is a great Instagram feature in order to gain more followers.

People love to share their daily activities, and if you have a startup business. Use the same relevant information so as to grow your business via potential partnerships, paid ads etc. Location stickers help the other people to keep up with the place where you currently roaming or residing. It helps to build a more personal relationship.

9. Post At The Right Time

It has been researched that the best effective time on Instagram to post your picture is on Thursdays and Saturdays around 4pm-5pm. Try to post in the best effective hours so as to increase the chances of getting new followers and increased number of likes too.


All these things can lead you to get a bigger follower base which can be great for your business. Even if you aren’t in the business line, it aids you in getting social media hype. Getting famous is what most of the people desire for.

Continue Reading


Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.