As a mid-level chartered accountant at an auditing firm, I spend at least three weeks a month (if not more) traversing the length and breadth of the country, checking the financials of clients based in cities as far-flung as Kochi, Varanasi, or Pune. But lest you should think I am complaining, let me make it clear at the outset: I love numbers, and I love my job.
That said, a job like mine has its downside: I literally live out of my suitcase. I have to, for I do not have friends and relatives in most of the cities I’m required to visit. Initially, I only had my work to worry about as I lived with my parents and siblings in Kolkata. That meant there was always someone at home to take care of things relating to money matters – such as paying utility bills, buying groceries and other essentials for the house, paying the house-help, transferring funds whenever required… you know, routine stuff.
My life began unravelling when I got married and moved to a new apartment; just my wife and me. The move brought new responsibilities, in addition to the old ones: my family’s bills and mine. I was travelling so much that suddenly the routine stuff became a nightmare.
Fortunately for me, digital wallets or e-wallets as they are popularly called, started to become a big thing just when I needed it. I realised I could do just about anything and everything from my hotel room in Varanasi (or Aurangabad, or wherever I happened to be). All the mundane transactions that proved to be a headache before were now at my fingertips. Life was never this easy.
The basics
An e-wallet is a ‘digital money bag’ or a digitised version of the traditional leather wallet, where you keep your cash and Debit and Credit Cards . It works on a simple concept: you either store your bank-related information in it or you can ‘load’ money into it, just as you would ‘top-up’ talk-time on your mobile phone.
My choice
Given my professional commitments require me to hop cities regularly, while remaining on top of family’s money matters, the choice is a no-brainer. I’ve chosen the third option. I pay bills for both, my parents and my wife, I transfer money to my sister, book my travel and stay (while getting some great discounts), and even buy and pay for household necessities while on the road. My product? HDFC Bank PayZapp.
One reason for choosing PayZapp is that it provides all the essential features people look for when choosing an e-wallet. True to its tagline, it is indeed a complete payment solution that enables me to pay with just one click. Apart from all that I mentioned earlier, I can also shop on my mobile at partner apps and get discounts on purchases, movie tickets and groceries, and recharge my mobile and DTH without even having to log into different accounts.
There are other advantages to using e-wallets as well.
Easier transactions: Thanks to my e-wallet, the entire transaction processing method has become simpler, whether it’s buying groceries or transferring money.
Increased security: For other digital wallet users and me, what perhaps appeals the most is that e-wallets are so much more secure. They require authentication to process a purchase, and this can be in the form of providing adequate login credentials or even biometrics such as fingerprints. This authentication layer increases checkout security. Now that's what I call convenience!
You can read more about the additional PayZapp offers and CashBacks you can take advantage of.
To download the PayZapp app, click here!
* The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances.
