Are digital wallets safe? Here's how it works!
Find out if digital wallets are safe and if it's worth having one!
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Are virtual wallets safe? The growing demand for less bureaucratic and faster processes has led to digital wallets gaining more space in the daily lives of Brazilians.
Called wallets, they are examples of technological resources that facilitate financial routines, as they can be used to make transfers, pay bills, save money, etc.
But after all, are digital wallets safe? If you want to understand more about this subject, continue reading.
What are digital wallets?
A digital wallet is an application or service that stores card data (and in some cases, money) to carry out financial transactions, such as payments and transfers.
In other words, it is basically a traditional version of the traditional wallet. The difference is that here, the entire process takes place online.
This technology allows you to carry out financial transactions without having to use a debit or credit card.
Just as cards have reduced the use of cash, over time, virtual wallets will also reduce the use of cards.
Using software, the digital wallet transforms registered card data into a type of code that allows you to pay bills and transfer money.
How does a digital wallet work?
The digital wallet works through applications on smartphones.
In practice, it allows you to make purchases in physical and virtual stores, save money and make transfers to your friends.
If you want to use it to make a payment in a physical store instead of using physical money or one of your cards, you just need to go into the app and point your cell phone camera at the QR Code.
To complete the process, enter your password and that's it! You have made the payment with the digital wallet.
There are online stores that also accept this type of payment. In this case, you just need to select the digital wallet when paying and use the PIN to complete the transaction.
Are digital wallets safe?
As we are talking about something relatively new, it is normal for some people to have doubts regarding the security of this tool.
But digital wallets are, in fact, secure.
It is important to remember that, just like any other virtual payment method, it is important to take some precautions when it comes to data security.
To make your digital wallet even more secure, check out the tips we have prepared for you:
Password
Register a very strong password with several characters.
Some people have the habit of using the same password for all their registrations so as not to forget it.
However, this can be dangerous. After all, if it is exposed, it will be possible to access all your accounts with the same password.
The first step to protecting your digital wallet account is to choose a strong password.
Remember that we are talking about a tool that has access to your cards and that may also have money stored there. Therefore, you need to be even more careful.
Stolen cell phone
If your cell phone is stolen, block all registered cards.
This way, if the person manages to access your digital wallet, they will not be able to make any payments with it.
If you have a digital wallet and have not registered your credit card in it, but it has money stored, the care must be the same.
Contact the company where you created a digital wallet as soon as possible and explain the situation.
This way, the thief will not be able to register a new password or transfer the balance in your digital wallet (if you use it to save money) to another account.
What are the best digital wallets?
Now that you know what digital wallets are and how to make them more secure, it's time to learn about the best options.
Check it out:
1. Picpay
Picpay is the digital wallet with the largest number of active users and establishments.
It is a practical and simple application. You can make transfers, make payments in physical stores and even earn cashback on Picpay partner networks (as long as payment is made through the app).
Additionally, you can use it to store your money and build your emergency fund.
Money stored in Picpay automatically yields 120% of the CDI.
2. Mercado Pago
Mercado Pago offers several features for customers, such as transfers, bill payments, among others.
It also offers promotional coupons for operations such as purchasing transport tickets and recharging cell phones.
Money stored in Mercado Pago yields 100% of the CDI.
3. Paypal
Paypal's digital wallet is one of the oldest on the market.
In your Paypal account, you can register multiple cards and make deposits using a bank slip.
One of the main advantages of Paypal is that through it, you can make purchases on some international websites.
4. PagBank
PagBank is a service provided by PagSeguro.
Its main characteristic is the link with the machines Modern and Mini.
This digital wallet can be used to make transfers and withdrawals at Banco 24 Horas ATMs.
If you intend to use PagBank to save and invest money, it is important to know how the returns work: the account guarantees a return of 100% of the CDI for the balance that you leave in the account for at least 30 days.
5. Apple Pay
Apple Pay is the payment system integrated into the iOS system.
This means that users of other systems cannot use it.
Apple Pay is currently compatible with Banco do Brasil, Itaú, Bradesco and the credit card flags MasterCard, Visa and Elo.
This digital wallet allows you to pay for tickets and tickets.
Conclusion
Did you enjoy learning how digital wallets work and how to make them even more secure?
With the technological advances of recent years, digital processes are becoming increasingly practical, fast and efficient.
For this reason, we can say that digital wallets are, in fact, safe (as long as you take the necessary precautions) and offer several benefits to users.
