A Purse With A Password

It was perhaps the time when we evolved from barter deals to metal pieces as an exchange of trade that the need for small pouches was felt first for carrying our money. The introduction of coins and banknotes tailored the small pouch to its more modern look of what we call wallet or purse. With digital disruption reshaping almost every aspect of our lives, the wallets too had a makeover in step with the changing mode of finances. And, we reached the age of mobile wallets. The virtual kitty is safer, faster and more economical, compared to its physical predecessor, of course, with a few limitations. It uses a bank account or credit or debit card to make payments seamlessly while securing user data. The mobile wallet segment, which was rather a slow starter, suddenly went on top spin with the government’s decision to demonetise 500-rupee and 1,000-rupee currency notes in November...