MUMBAI: Timesofmoney has unveiled Wallet365.com, the country's first e-wallet. For consumers who are reluctant to reveal their credit card details while shopping online, Wallet365.com may be the answer.
Consumers can now pay online with a complete sense of security and peace of mind. One can shop online without having to use a credit card and simply transfer money from their Wallet365 account to the merchants Wallet365 account. Moreover, the consumer determines the extent of money stored in his Wallet365 account.
"Retailers had been leery of using these services because they felt that they competed with their own online stores," noted Patti Freeman Evans, a senior analyst with market research firm JupiterResearch. "That thinking has been changing as large retailers realized that comparison sites can drive significant traffic to their own online stores."
