With the Internet has come the virtualisation of almost everything we do. It started with electronic mail, and now it has brought us the power of having an online wallet. Virtual wallets can smoothen out payments, and purchases like few would have imagined, and they’re completely secure.

What is an online wallet?

Very quickly, an online wallet is exactly what it sounds like. It’s a virtual space on the Internet where you keep your money.

And when you need to pay for stuff like bills or recharge your phone, you can use the money from this wallet. No hassles involved at all.

MobiKwik is a good example of such a wallet which is gaining popularity.

How will it change your life?

Well, undoubtedly for the better.

Everyone’s got a tonne of bills that need to be paid. They use a variety of bank accounts and fill numerous forms to pay out these bills. In the Internet age, this isn’t necessary.

You can transfer funds from your account to your wallet and directly use it for paying bills. It is as simple as that.

What services can be paid for?

In short – everything.

These virtual wallets can help you pay for landline bills, gas bills, electricity charges, life insurance, data cards, DTH services, and of course mobile recharges. Within mobile recharges too, they can be used to recharge your phone regardless of the service you use.

Is it safe?

Of course, you might be concerned with the safety of such a system. After all, it’s your money being stored in that wallet. And your information too.

But you needn’t worry, given the security standards which are prevalent today. People use the Internet for net banking and many more vital operations, and there’s no risk involved. Also, online wallet services (like MobiKwik mentioned above) offer very tight security for obvious reasons.

So, what you’re saying is…

You should get an online wallet! Not only will it make your life much simpler, but it’ll also allow you to access some pretty cool offers.

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