Digital wallet adoption in the US has been steadily increasing. Now, there are some most used e-wallet in the world, especially in the US. The increase in the use of digital wallets is affected by contactless payments and e-commerce growth.
About 82% of Americans are now interested in paying through the most famous digital wallets in 2023. Right now, some digital wallets are more famous than others. You may want to know what they are before choosing and using digital wallets for your daily transactions.
Most Used E-wallet in The World for iOS and Android
Among many digital wallets or e-wallets available around the world, the most famous ones are on the list below. You should know what makes each wallet better than others. This way, you will be able to choose the best one.
1. Apple Pay
This one is considered the best e-wallet for iPhone users. Apple wants to provide secure and private transactions. That’s why, they released Apple Pay which has become the first on the list of top e-wallets across the world. This one is the perfect option for iOS, especially in the US.
The e-wallet from Apple uses the NFC technology that powers contactless transactions. It also has a DPAN or Device Primary Account Number. It is a technology that’s going to protect personal details, transaction data, and account information. Below are some key features of Apple Pay.
Accepted by millions of apps and websites.
Built-in security and privacy.
Face and touch ID for authentication.
Pay in-app and in-store through iOS devices.
Available in 20 countries.
People love this digital wallet because there are no additional costs for merchants, improved and better experience, more privacy for users’ data, a very secure experience, and simpler payments. Unfortunately, Apple Pays is compatible with Apple devices only.
2. Google Pay
The next most used e-wallet in the world is Google Pay. Just like other e-wallets, Google Pay is also using NFC technology that allows you to make payments. Simply tap the smartphone on the NFC-enabled payment terminal to make contactless payments.
Google Pay is also a secure and fast digital wallet, it is very ideal for both business and personal transactions. Merchants, customers, and ordinary users can all benefit from the outstanding app. Just like Apple Pay, Google Pay also comes with some key features.
Allows you to pay in-apps and in-store via the most popular Android devices.
Loyalty rewards and programs.
Multiple-layered advanced security.
Available in 28 countries.
Accepted in more than a million online stores.
Most banks support it.
It is easy to set up Google Pay. However, it will still let you earn a high level of security. What makes people really love Google Pay is it allows you to use it for free. Also, you can only take a smartwatch or smartphone with Android OS to be able to pay using Google Pay.
3. Venmo
Venmo is the best and most used e-wallet in the world for all transactions. You can use it to split your rent with a roommate with Venmo. You can also pay a restaurant bill for a friend using this e-wallet. PayPal owns Venmo and it has become the most famous e-wallet in the US.
Users of Venmo love the app due to its secure and fast transaction process. The digital wallet has become the world’s most used app since it also allows you to keep all activities secure and private. Some of the many key features offered by Venmo are:
QR codes for seamless and secure transactions.
Instant transfer.
Shop using a Venmo card.
Fast payment process.
Purchase an in-person or online wallet.
Venmo offers credit and debit cards but it will rarely charge commissions to users. Also, Venmo has interactive social features. It is easy and free to use, perfect for everyone. However, Venmo still doesn’t have any feature that allows you to cancel payments.
You can now use Venmo to shop from Wayfair, Walmart, Under Armour, Samsung, Nike, Macy’s, Home Depot, Amazon, and so on.
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No matter which most used e-wallet in the world you use, make sure that you let everyone know your business first.
Get a Hitech Terminal Enterprise device from the SMS Broadcaster that will let you send messages to everyone that your business accepts some of the best e-wallets. This way, people will be more confident in purchasing or ordering any product or service from your business.