{"id":1075,"date":"2014-07-16T09:18:57","date_gmt":"2014-07-16T09:18:57","guid":{"rendered":"http:\/\/www.gmarwaha.com\/blog\/?p=1075"},"modified":"2014-09-22T02:22:40","modified_gmt":"2014-09-22T02:22:40","slug":"mobile-payments-what-is-a-mobile-wallet","status":"publish","type":"post","link":"https:\/\/www.gmarwaha.com\/blog\/2014\/07\/16\/mobile-payments-what-is-a-mobile-wallet\/","title":{"rendered":"Mobile Payments: What is a Mobile Wallet?"},"content":{"rendered":"<h4 style=\"text-align: justify;\">What is a Mobile Wallet?<\/h4>\n<p style=\"text-align: justify;\">\n<div class=\"row-fluid\" style=\"min-height:0;\">\n<div class=\"span12\" style=\"min-height:0; border-bottom:1px dotted rgba(0,0,0,0.1); margin-top:10px; margin-bottom:10px; \"><\/div>\n<\/div>\n<\/p><p style=\"text-align: justify;\">Mobile Wallet, like <a href=\"http:\/\/www.gmarwaha.com\/blog\/2014\/07\/06\/mobile-payments-what-is-mobile-payment\/\">Mobile Payments<\/a>, is an overloaded phrase. It means different things to different people. For the sake of simplicity, let&#8217;s define the mobile wallet as an app or a set of apps that helps us to get rid of the physical wallet.\u00a0That was a pretty slick definition, wasn&#8217;t it?\u00a0To make the above definition a reality, what\u00a0items should the mobile wallet hold? Let&#8217;s make a list.<\/p>\n<ul>\n<li style=\"text-align: justify;\">Credit cards &amp;\u00a0Debit cards<\/li>\n<li style=\"text-align: justify;\">Gift Cards<\/li>\n<li style=\"text-align: justify;\">Loyalty Cards<\/li>\n<li style=\"text-align: justify;\">Driver&#8217;s License or\u00a0any Identity proof<\/li>\n<li style=\"text-align: justify;\">Receipts<\/li>\n<li style=\"text-align: justify;\">Cash<\/li>\n<li style=\"text-align: justify;\">Business Cards<\/li>\n<li style=\"text-align: justify;\">Coupons, Offers<\/li>\n<li style=\"text-align: justify;\">Transit passes \/ tickets<\/li>\n<li style=\"text-align: justify;\">Movie tickets<\/li>\n<li style=\"text-align: justify;\">A\u00a0mechanism to use all of the above everywhere<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">If a mobile wallet gives\u00a0us all the above, then we can conveniently get rid of our fat physical wallets.\u00a0We are not there yet, but sooner rather than later, we will get there. Today, many of the large tech and financial giants are focussing their efforts on the mobile payment side of things\u00a0&#8211;\u00a0Google and Paypal are good examples. Other giants\u00a0are focussing on the non-financial aspect of wallets\u00a0&#8211;\u00a0Apple&#8217;s passbook comes to mind. As time passes, the industry will mature, concepts will merge, new innovations will take place, and before we know it we won&#8217;t be carrying our physical wallets anymore.\u00a0Did we ever think that we will never wear a watch again, or never carry a point-and-shoot camera to\u00a0our next pleasure trip?<\/p>\n<h4 style=\"text-align: justify; margin-top: 30px;\">Mobile Payments Blog Series<\/h4>\n<p style=\"text-align: justify;\">\n<div class=\"row-fluid\" style=\"min-height:0;\">\n<div class=\"span12\" style=\"min-height:0; border-bottom:1px dotted rgba(0,0,0,0.1); margin-top:10px; margin-bottom:10px; \"><\/div>\n<\/div>\n<\/p><p style=\"text-align: justify;\">Welcome to the <a href=\"http:\/\/www.gmarwaha.com\/blog\/2014\/01\/24\/mobile-payments-faq-and-not-so-faq\/\">Mobile payments FAQ and\u00a0not so FAQ<\/a>\u00a0series\u00a0and you are on FAQ\u00a0#11.\u00a0The idea behind this series is to\u00a0share and learn as much as possible about the field of mobile payments.\u00a0If you like, you can read all of the FAQs on the <a href=\"http:\/\/www.gmarwaha.com\/blog\/category\/mobile-payments\/\">Mobile Payments<\/a>\u00a0category or by visiting the <a href=\"http:\/\/www.gmarwaha.com\/blog\/mobile-payments-faq\/\">Table of contents<\/a> page.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is a Mobile Wallet? Mobile Wallet, like Mobile Payments, is an overloaded phrase. It means different things to different people. For the sake of simplicity, let&#8217;s define the mobile wallet as an app or a set of apps that helps us to get rid of the physical wallet.\u00a0That was a pretty slick definition, wasn&#8217;t it?\u00a0To make the above definition a reality, what\u00a0items should the mobile wallet hold? Let&#8217;s make a list. Credit cards &amp;\u00a0Debit cards Gift Cards Loyalty Cards Driver&#8217;s License or\u00a0any Identity proof Receipts Cash Business Cards Coupons, Offers Transit passes \/ tickets Movie tickets A\u00a0mechanism to use... <br \/><a class=\"moretag\" href=\"https:\/\/www.gmarwaha.com\/blog\/2014\/07\/16\/mobile-payments-what-is-a-mobile-wallet\/\">Continue reading...<\/a>","protected":false},"author":1,"featured_media":1013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"image","meta":{"footnotes":""},"categories":[48,50,49],"tags":[],"class_list":["post-1075","post","type-post","status-publish","format-image","has-post-thumbnail","hentry","category-mobile-payments","category-mobile-wallet","category-nfc","post_format-post-format-image"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/posts\/1075","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/comments?post=1075"}],"version-history":[{"count":2,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/posts\/1075\/revisions"}],"predecessor-version":[{"id":1158,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/posts\/1075\/revisions\/1158"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/media\/1013"}],"wp:attachment":[{"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/media?parent=1075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/categories?post=1075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gmarwaha.com\/blog\/wp-json\/wp\/v2\/tags?post=1075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}