And, unlike Android Pay, Apple Pay accepts AMEX cards. Simply connect a credit, debit to your phone and get on your way to a near-effortless shopping experience. It’s been around the longest and also comes with a larger number of accepted locations than its Android competitor. The app can store credit, debit, and loyalty cards for pretty much any purchase. POS purchases, online payments, and other features are available to Android users. Users can simply open the app and manage their money wherever they take their smartphone. Phone-specific Wallet Apps Android PayĪndroid Pay is the Google equivalent (although not Google Wallet) of Apple Pay. Users can send and receive payments from friends-and not much else. Just like Snapchat, Facebook is trying to keep users coming back to the proverbial watering hole. Not quite a wallet app, but certainly more than a messaging system. While the app is certainly limited in this aspect, Snapchat users may prefer it to downloading yet a different mobile wallet app. Users can send and receive cash after linking a debit card to the app. The now-public company Snapchat has been trying to explore different avenues to keep user activity at a maximum. Users can keep their transactions private, but then how would one have fun? This year Venmo began allowing merchants to accept Venmo as a payment. The social media style of the app certainly keeps people engaged. It is one of the most well-known and widely used of the mobile wallet apps. PayPal acquired Venmo in 2013 and hasn’t looked back. Social Media Wallet Apps VenmoĪn oldie but a goodie. Customers can pay with Mozido, get rewarded with Mozido, and engage in other brands with Mozido. Their CONEC Mobile Wallet allows users to top up phones, pay bills make transfers and buy things online. Mozido provides alternative services at lower fees through mobile phones. Their mobile payments platform unlocks financial freedom for roughly 2 billion people around the globe who carry mobile phones but no bank accounts. It’s a simple wallet app, but it works well and links seamlessly for any Google user. Split bills, collect rent and accept payments for services. Money can be deposited directly into your bank account. Send and receive money to and from friends or family.
Management tools and a solid customer service team are available to help merchants thrive. Businesses can easily accept credit card payments online in today’s 24-7 commercial environment. Allied Wallet even has ACH processing to streamline direct deposit to employee and affiliate payouts. Serving 196 countries, Allied Wallet allows merchants to accept every major credit card with their own proprietary swipe device. Basically, their goal is to globalize retail. They support a wide variety of payment methods from all over the world like Diners Club International and UnionPay. Their platform is another great solution that connects merchants directly to Visa, MasterCard, and all key payment methods globally, enabling businesses to accept payments and optimize growth across digital and brick and mortar platforms.
Merchants and others using the wallet app for commercial purposes will love the flat 2.8 percent transaction fee for any and all payments.
Signup is free and comes with tight security. They offer online invoicing, bill pay, cost splitting, time tracking and a whole host of other features for any freelancer or business to use. One of the best, if not the best, digital wallet app. We’ve narrowed it down to 37 wallets that can help both consumer and business to budget and spend in a savvy way. Banks, credit card companies and app developers are all trying to capture market share by creating the best, or most familiar, digital wallet app or peer payment option for consumers. There are literally hundreds of wallet apps out there competing for your attention.