Wallet Management Google Pay, PhonePe, Paytm, for Management Professionals

Wallet Management Google Pay, PhonePe, Paytm, for Management Professionals

These days almost all people use payment apps like Google Pay, Paytm or PhonePe. With the emerging use of technology, people have become more tech-savvy. Also, with the current situation of pandemic, this is the easiest way for making payments through online mode. For professionals, debit card and credit card also works but since covid has made it safer to do payment without any personal contact. Almost all big companies including Amazon, Myntra, Zomato, Big basket etc. have turned to making payments through e-wallets or UPI. To make shopping easier and hassle free online digital payments help professionals a lot in having safe, fast and timely payments.

Major advantages for professional to use Google Pay, PhonePe, Paytm for wallet management are:

1.     Easy accessibility

2.     Simple to load money

3.     Range of uses

4.     Ensures timely payments

5.     Quick transfer of funds

Industries that benefit from mobile wallet applications?

1.     Retail- Wallet apps in the retail sector help the users to store vital information about their sales. It also helps them to gain benefits from payments via loyalty cards, rewards, and coupons. In the retail sector, it can be either used for m-Commerce shops or as an addition to an existing mobile app.

2.     Financial establishments- These establishments provide users with many facilities and the users can directly pay through mobile wallets like in the case of paying education fees many schools have made it mandatory to use digital payments.

3.     Logistics, transportation, tech enterprises, and telecommunication companies- These companies are the major players in the financial segment. They deal with a huge number of customers on a daily basis. They promote digital payments for easy access and fast service. For example, booking a bus from Red Bus or doing mobile recharge through online apps.

Thus, for any professional wallet management has become the new normal, every customer prefers to pay online and every professional can get direct payments either into their wallets or to their banks in no time.

Afreen Islam

Manager HR

Aircrews Aviation P Ltd.


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