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Malaysia is considered as prime market for the growth of ewallet services by many industries as it has the high potential and favorable demographics to boost the adoption of these services in Malaysia. Not only this, the Covid-19 outbreak acted as icing on the cake as people are maintaining social distancing while avoiding physical contact. The digital wallet services save them from exchanging money with the vendors and cashiers.
How does a digital wallet operate?
This is quite simple. People need only to download the eWallet app on their smartphones and choose the best eWallet in Malaysia. They do not need to carry the cash as in case of physical wallet. They can check it or monitor it digitally through their mobile apps. People can load cash into their eWallet Malaysia just as they are about to make payment. And interesting fact about digital wallet is that you can load exactly the amount to need to make transactions. This completely eliminates the risk of money theft or robbery.
Not only this, eWallet is safer and securer than credit and debit card in terms that it does not hold huge amount of cash as does these cards hold.
Security system of eWallet
eWallet is safer than any other payment method. It requires pin code, security questions and SMS authentication. At time when transaction is being made, one-time password (OTP) is provided via SMS to mobile phone that can be used to make one-time transactions. It is also an SSL encrypted system.
Best eWallet in Malaysia
It is easier to find the best eWallet companies in Malaysia by looking at the services they ae providing, the security they have, the users experience they share and their rating all these factors analyzed carefully can suggest best eWallet in Malaysia. Few of them include Touch ‘n Go eWallet, Boost, WeChat Pay and many others.