With the increasing trend of mobile wallet, the risk of cheating is also increased, so it is important for you to know whether your mobile wallet is certified or not. In this article I will tell you how to use mobile wallet app safely.
According to RBI, there are three different types of mobile wallet app in the country. Includes Closed Wallet, Semi Wallet and Open Wallet. Most mobile wallets offer cash back when online payment is made. But it is necessary to take some precautions while using these wallets. First of all, the mobile wallet that you are using is taking the Wallet payment card industry data security standard certification (PCI DSS). This standard is designed to preserve the data of card holders. Any company that stores, transmits and processes your card data is required to take this certificate.
How to use mobile wallet app safely?
1. Do Not Share OTP (one time password) – Do not share an OTP with someone. Mobile Wallet app companies also keep informing their users time to time about this.
2. Use App Lock – If you do not lock your smartphone, then use App lock in your smartphone. If you use App Lock, then you can keep your mobile wallet safe.
3. Do Account Logout – Most people always keep their wallet app logged in. In such a situation, if your phone does not have a password, then anyone can misuse it. Always keep logout of your mobile wallet app.
4. Do not Refresh While Adding Cash in Wallet – Sometimes, while adding cash in Wallet, it takes a little while due to the network slow. Sometimes, while adding cash in Wallet, it takes a little while due to the network slow. In such a way, the user should not refresh page until you doesn’t get any successful or fail notification.
I hope you will like this article how to use mobile wallet app safely.
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