The perception of consumers towards the relatively new facility of the mobile wallet is that of it being a next-generation payment alternative. The technology facilitates a totally seamless disbursement of payments through an electronic wallet, making cards or cash seem passé. The elevating smartphone diffusion having assisted the companies seamlessly communicate with their customers, has also led to the increasing volume of internet users (consumer segment) getting escalated into the network of content and commerce.
Imagine a day when there are no online applications or software and you have to opt for the traditional methods of doing things. Well, you probably can’t or can already think of it as being the worst day possible. A decade back, it wouldn’t have been such a big deal that it is now. Technological innovations and the way technology has infused with our lives over the years for performing our daily tasks have made our lives simpler and easier but has made us dependent on it. People have started to book cabs, buy groceries, rent furniture, order food and what not using applications online while sitting in their houses and still getting the best deals in the market.