Are You Using a Digital Wallet?

August 5, 2021 | MOVO Blog Contributor

As summer continues to heat up, your spending might start to sizzle too. Shop safely and securely with a digital wallet. 

Your summer season likely includes some downtime, like going to the beach. Who wants to carry a wallet? Digital wallets offer convenience. Do all your seasonal shopping safely from your digital wallet. Digital wallets offer a convenient way to pay through your phone, instead of cash or your plastic card. They contain digital versions of your credit and debit cards that are stored in wallet payment apps on your mobile device. With MOVO, your digital Debit Mastercard can be used in mobile wallet provisioning with iOS and Android for ON-DEMAND spending. Simply link to either Apple Pay, Samsung Pay or Google Pay. With a digital wallet, you can store funds, make transactions, and track payments histories.

A digital wallet is easy to set up and comes with these great benefits:

⚡Stay safe with touchless transactions. Eliminate physical contact with card readers by using your digital wallet in stores. 
⏰Save time at checkout. No more fumbling for your card or cash - just pull out your phone and pay. 🔒Make secure payments.With our trusted digital wallet app, your card information stays private and secure throughout your purchase.

🚨Security Question: Is my payment information stored on my phone? A: Your actual card number is not stored on your device or shared with most merchants. The app assigns each credit and debit card a digital card number associated only with the digital wallet and the mobile device you use. Your digital wallet can’t be used for a payment without your authentication. [3]
New to digital wallets? Here are the basics: A digital wallet (also known as an “e-Wallet”) is an online service, or software program that allows one party to make electronic transactions with another party using digital currency units for goods and services. []

This can include purchasing items online with a computer or using a smartphone to purchase something at a store. Money can be deposited in the digital wallet prior to any transactions or, in other cases, an individual’s bank account or MOVO Account™ and can be used to link to the digital wallet. The credentials can be passed to a merchant’s terminal wirelessly via near field communication (NFC). This technology makes for fast, secure and contactless purchases online or in-store. 

Need to set one up?Download the MOVO® ON-DEMAND mobile app and manually enter in your card information to set up your digital wallet for a convenient, simple and secure way to pay.

Already set up?Where applicable, at the point of sale, simply open the digital wallet, select your MOVO Card™ and pay.

Questions?Call our MoPro Support Team at 1 (844) 659-0351 or email support@movo.cash. #LetsMOVO 

Sources:
[1] Wikipedia, the free encyclopedia. “Digital wallet.” Accessed May 11, 2021.
[2] Investopedia. “Digital Wallet.” Accessed May 11, 2021.
[3] Better Money Habits. “What is a digital wallet?” Accessed May 11, 2021.