Dana E-Wallet that provides a world-class security features, using the two-steps authentication for each transaction with PIN code and OTP;
And for the last, we have ShopeePay, last but not least, Shopeepay is useful for transaction at its own merchant, Shopee. Shopee who claim to have free shipping, using promotions like discounts, vouchers and cashback. And when there is a refund from the transaction, the balance will automatically be saved into your account and can be used for the next transaction.
And all of the apps above have been approved by millions of users in Indonesia in terms of efficiency, convenience, and security.
However, E-Wallet services can also have their own pros and cons which was mostly subjective depends on the user, but mostly of the pros and cons can be seen by:
The pros of E-Wallet services is to make every transaction quick and efficient without having some bumpy wallet in your pocket filled with money or even as mere as keeping changes every time you bought something. E-wallet can also minimize the chances of getting our money stolen since most of the platforms are using two-steps authentication and many other security features to keep transactions safe and recorded. Moreover, E-Wallet services can give you more discount and cashback in some platforms
The cons of E-Wallet services are the limited merchant and stores since in Indonesia, a lot of small merchants still use cash for payment and if we didn’t have any cash on our hand that time, it could be some disadvantages for the user. Some of the platforms also require admin fees, so the user will have to pay more from the original prices. And by how easy and fast these E-Wallet services are, some users could be overconsumption, but that is the challenge for the users to hold themselves back from making unnecessary transactions including food, beverages or even accessories.
Hence, we all know what we have to know about Digital money, and for the convenience and security. But what’s so important about it? Generally, to know anything happening in our surroundings is important, but as we predicted, technologies will keep advancing and advancing right before our eyes. In the future, there might be the things that we now have never thought to be as real as how the people in the past won’t expect that now we can pay without handing physical money.
And as we know, more and more of the merchants and stores did not accept cash anymore due to the COVID-19 pandemic quite years ago but even till now they consider digital payment as an easier, quicker and efficient method to apply. Or for the people around us have directed towards a digital world, and when we were left behind, it would be a hard time to keep up with it once it has accelerated at an unbelievably quick pace. It is important to us to be a part of the digital world and adapt to the newest environment.
Source
Hesanty. A. N. “What is an E-Wallet? How It Works, Examples, and Benefits!” 2023. NIAGAHOSTER. Article. niagahoster.id What is an e-wallet? How It Works, Examples, and Benefits! (niagahoster.co.id)
Isnanto. B. A. “Definition of e-Money: Benefits, Risks, and Differences with e-Wallets” 2023. detikfinance. Article. finance.detik.com Definition of e-Money: Benefits, Risks, and Differences with e-Wallets (detik.com)
