Digital wallets are currently trailblazing the path to the future of payments observed Bahaa Abdul Hussein. Whether you’re shopping in-store or online, using digital payment methods has proven to be highly efficient and fairly simple. By 2025, more than half the world’s population is said to have migrated to digital payment apps.
You might be dubious about trying out digital payments or not be tech-savvy enough to do it by yourself. Fear not for we’re going to cover all the important steps in setting up your first digital wallet and have you shopping in no time! While every payment app has a different guide, we’ve covered all the basic steps. For more specific details, you can refer to setting up your Apple Pay, Amazon Pay, Google Pay, PayPal and Samsung Pay accounts.
- Download or locate the app
These days, digital wallets are all already built into our smartphones. You only need to open the app and get started on setting it up. In other cases, you would have to download the app from Play Store or App Store.
- Sign up
You would have to enter some basic details for most electronic wallets like your name, phone number and e-mail address. If you’re already signed in to your Apple or Samsung accounts, you would automatically be prompted to the next step where you’ll key in banking details.
- Add your bank and credit card details
This is the most important part of setting up your e-wallets. You have to digitally link your bank account details, credit or debit card numbers and wait for authentication. Ensure that your bank is eligible to be linked with some global payment apps like PayPal.
- Verify your identity
Digital wallets authenticate your identity by many ways. You may have to turn on 2FA or 2-factor authentication where you’ll receive a code to your phone number. You may also have to enter a password to complete every transaction. More commonly, fingerprint authentication is also used by e-wallets today.
- Submit additional details if any
Sometimes, specific apps ask for some extra information like residential address, social security number, tax ID related documents and so on. Enter whatever details are required. There might also be a short waiting period for the app to verify these details.
- Go shopping!
You’re now set! You can use your digital wallets to make a number of payments from taxi rides to restaurants and flight tickets to international purchases. You never have to fear having the exact change or forgetting your wallet at home anymore.
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