What is a mobile wallet? Do I need it?

mobile wallets

All over the world, people use credit cards to make payments online. In India, we also use credit cards. The main difference is that we have an additional level of authentication which is the OTP (One Time Password). This means even if we have someone’s credit card we cannot use it online unless we enter an OTP to authenticate the transaction. The OTP is received as an SMS on the registered mobile number.