Though digital wallets are becoming very popular, still no payment method stands against the popularity and use frequency of cash. The real question here is, “Is cash actually the most convenient mode of the transaction?” With digital wallet, you can simply just swipe or scan through your phone and the exact amount gets transacted, you don’t even have to worry about where you kept your money, and how is it stored. 

A digital wallet for businesses possesses many advantages over cash. For instance, you cannot make any online transactions or purchases using cash, you also get the facility to have complete records of all your transactions, this feature is not available with cash. 

Using a digital wallet does require passwords, accounts, and biometrics, it significantly organizes your purchase process. All the company’s private and confidential information related to credit cards and bank accounts is encrypted, which ensures that none of your information is revealed.