Styles Clash: Banks vs. Digital Wallets

NEW YORK - June 17, 2019 - PRLog -- Looking to expand the boundaries of online shopping and money exchange, Passfeed has consistently sought to capitalize on consumer frustrations while shopping on conventional websites. The dream is simple: people should be able to shop, save and share deals without having to deal with credit cards or pay banking fees. Along with a robust shopping experience, Passfeed's ever expanding offerings include virtual debit cards, gift certificates with merchants like Best Buy, Macy's and Starbucks, ETF's and even exclusive incentive cards.

Passfeed, "Your Social Shopping App," prides itself on being an all-encompassing Digital Wallet, capable of making online and in-store purchases, exchanging money with friends instantaneously and even exchanging currencies among its users — all important transactions that, not too long ago, were exclusively for banks only. Thankfully, the times are changing because banks have a sleek, new competitor in the form of Digital Wallets.

Digital Wallets are ideal for those who want to process payments, pay their bills and exchange money with family and friends without having to put in their bank details. Not to mention, they help you stay organized.

You don't have to dig in your pocket or purse for the right card when checking out at your favorite stores. Digital Wallets can help you keep everything from credit cards to membership and customer loyalty cards intact and safely secure.

What's the secret for this ease of use? Near-Field Communication. NFC technology allows you to scan from your Digital Wallet to a merchant's e-reader within a four inch radius. Placing your smartphone mere inches from an e-reader enables a prompt from your Digital Wallet to pop up and confirm your payment without needing to physically swipe a bank card to checkout.

To put it simply, Digital Wallets make consumers' lives a breeze because you don't have to fumble for your bank card, membership card or loyalty card — it's all on your mobile device.

So, are Digital Wallets superior and will they be the future option for US consumers when choosing to pay? I'd bet my cashless money on it.

About Passfeed

Passfeed was founded in 2018 by Richard Wang, a start-up entrepreneur with several well-timed exits. Influenced by the business models of Wish.com, Amazon and Aliexpress this upstart start-up provides an exciting e-wallet and shopping experience. Users are able to choose from over 1.5 million of the most trendy fashions, incredible household gifts and even electronics. Expanding the boundaries of e-Commerce, consumers can shop for deals, send money between friends and family, buy gift certificates and much more - all within one user-friendly App.

You can learn more about Passfeed by clicking on the website link here (https://www.passfeed.com/index.php?route=common/home) or downloading the App for free here (https://itunes.apple.com/us/app/passfeed-local-shopping-app/id897068725?mt=8) on your Android or iOS device.

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If you would like more information about this topic, please call: Dennis Sary, Marketing Director at (929) 332-2099, or email at dennis@passfeed.com.