An Electronic-wallet (e-wallet) is an electronic application that is preloaded with currency by the user. They are designed to be convenient over the traditional-wallets, enabling online e-commerce transactions like purchasing goods, paying utility bills, etc.,. A plethora of these e-wallets are provided online for downloading through “apps” to support both point of sale transactions and peer-to-peer transactions between individuals.
It is necessary digital users are aware of uses, threats and safe online practices to be followed while using E-wallet.
E-wallet or Electronic wallet usage offers many benefits
E-wallet usage is not devoid of security threats and the digital users should be aware of these dangers to counter them appropriately.
Some of the common E-wallet threats include-
Man-in-the-middle attack and Phishing
To avoid the possible E-wallet usage threats and stay safe online it is necessary that the digital users become aware and use cerain safe online practices.
These best online practices include -