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Sunday, 10 June 2012

E-Wallet / Digital Wallet


When we go on the internet and our activity on the internet increases, there is a rapid increase in usernames, passwords, pins, personalized billing information, shipping information and other sensitive personal information which cannot be shared publically. It is very difficult for an individual to not only just remember hundreds of such things but also to keep them secure and safe.

 The solution to this is E-Wallet or what we call as Digital Wallet. It keeps all our private and sensitive information within it and we just have to remember a single password to access it. We can store infinite number of passwords, credit card numbers, ATM pins, and any other information. Since it is in digital form so the memory of e-wallet compared to human brain will be much bigger. Since our memory could not memorize huge amount of data, that’s why many people used to store their usernames, passwords, ATM pins on somewhere, either on a spreadsheet, or on a notepad file, or may write them onto a paper. But is it safe doing so?? No it is not safe it is quite risky to do certain things. Paper can get lost or gets water locked; spreadsheet or notepad file can be deleted or can be misused by any other person. So the ultimate solution is the e-wallet in which one can keep the data unified, intact and secure. One just has to remember a password to have access to all the encrypted data.

E-wallet is just a software application that can be downloaded into your Smartphone, PDA or on your Laptop. Many retailers in the market sell their e-wallets at a very low cost so you can buy any. If you have a doubt or you cannot trust so easily then you can download the demo version for your satisfaction purpose and if you get impressed then you can purchase the full version.

If you change your smart phone, or your laptop then what will you do? Need not to worry every e-wallet provide a feature of sync and backup. So if you have backed up your data it gives a peace of mind that your data is safe and with you always what so every may be the situation like you want to change smart phone or any other case may be.

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