A gift card is a prepaid stored-value money usually issued by a retailer or bank to be used as an alternative to cash for purchases within a particular store
A digital wallet is an electronic device that allows online commercial transactions by storing a consumer’s payment datas. They are the fastest growing payment type around the world.
With the rise of smartphones and app stores, the number and range of mobile wallet payment systems has increased in the past years.
This payment method allows consumers to split their online purchases into smaller monthly payments to mitigate the impact of a large transaction.
Customers are required to buy a voucher before starting a transaction. These cards are ususally authorised immediatly. Users could also use one voucher to pay for different transactions.
This payment method could be a mobile app and social payments site that tackles this problem with online “money pots”. Users could enjoy the promotion and discounts from the merchants partners of the crowdfunding payment platforms.