What is the difference between e-Wallets and payment gateways? Can a merchant use digital wallets instead of payment gateways?
The popularity of e-Wallets grows daily, but not all people are aware of this payment method’s services and specifics. Some believe that digital wallets are a safer modern replacement for physical wallets. Others find virtual wallets more convenient for online transactions. And some merchants are wondering whether you can replace a payment gateway with a digital wallet.We at Genome decided to answer the most common and tricky questions about and involving electronic wallets. What is an e-Wallet? An electronic wallet is an application used to mimic our physical wallets online – you can store money and buy products and services