Have you ever wondered about how to send money to Gambia? This piece will talk about the mobile wallet in general and the Gambia mobile wallet in particular. We will also try to understand what is a mobile wallet and how does it work. The basic point of this piece is going to be, of course, as the title suggests, whether it is easy to get money in a Gambia mobile wallet or not. But, again, answering this question is simple, yet we deem it appropriate to walk you through the entire concept of a mobile wallet.
Mobile wallet: It is a virtual wallet that can store credit card numbers, loyalty card numbers, and debit card numbers and is accessible through an app that you can install either on your mobile phone or your tablet.
A mobile wallet is also known as mobile money or mobile money transfer.
Mobile wallet expanded: – If an individual or a business can send and receive money through their mobile devices, this can be defined as a mobile wallet or a mobile wallet payment service. This is an e-commerce business model being practiced and gaining more and more traction owing to the ease and Access that comes with having a mobile phone. Gambian expatriates widely use this service to send money to Gambia online to support their families.
Here is a look at the types of mobile wallets.
Open wallet: – Customers use an open mobile wallet to make payments for transactions and withdraw funds in cash. PayPal is an apt example to understand an open wallet.
Closed wallet: – Through a closed wallet, one can use funds to make payments to a specific merchant. Users cannot make payments for transactions with other merchants or third-party service providers or withdraw funds in cash. Amazon pay is an apt example of a closed wallet.
Semi-closed wallet: – Users can carry out multiple transactions with a number of merchants if the said merchants are in contract with the mobile wallet company, and users can also withdraw funds into a bank account. One limitation on a semi-closed mobile wallet is that the users cannot withdraw funds in cash.
Here is a look at the benefits of an online money transfer to Gambia and the worldwide in a mobile wallet.
Secured Access: – You require to unlock your phone using a passcode, a thumb impression, or a face scan you have installed your mobile wallet on. And besides that, you need a set of passcodes, etc., to log into your mobile wallet. Therefore, it is difficult for a thief to have access to your mobile wallet in case your phone is stolen.
Conveniently accessible: – A mobile wallet is extremely convenient as the user does not have to carry a physical wallet to make payments and rather can make payments for in-store purchases and pay bills etc., while on the go.
Here is a quick look at what you can do with your mobile wallet.
- You can transfer money to others;
- You can book train, bus, and airline tickets;
- You can recharge your mobile and data packs;
- You can track your monthly expenditures;
- You can make your utility and bill payments; and
- You can save money by saving the cost of an intermediary or middleman.
Conclusion: – From all of the above discussion, we can safely conclude that it is easy for money transfer to Gambia into the mobile wallet of your loved ones. The one condition to get this done is to find companies and service providers whose services are beyond doubt and are extremely efficient such as ACE online money transfer services.