Fishing around for the right card amid a stack of credit, rewards, and membership cards is frustrating. Digital wallets might ease payment pain, but which one should you choose? Here are some of the options to consider.
Let’s be honest. The holiday season often brings shopping, eating out, travel—a lot of purchases. Credit and debit cards allow cash-free transactions, but generally you still have to whip out your wallet and dig for the right card amid your stack. The wave of mobile payments and digital wallets coming down the line, however, let you leave your cash and your cards at home. Caution: don’t forget your phone!
With the abundance of apps for consumers comes concern for security. But efforts to include built-in hardware like near field communication chips, strengthen smartphone operating systems, or require pins for transactions are attempting to shore up digital wallet weaknesses.
Clearly, there is a trend away from physical wallets and into digital solutions. As for who comes out on top, it will likely come down to usability, range of adaptation, personalization, and savings on transaction fees. Who will you choose?
Feature image credit: LevelUp