Pomelo is very large citrus fruit of botanical name Citrus maxima. It is very sweet taste after ripening . Have you ever tried a honey pomelo ? This large citrus fruit can be found in the produce section from late fall to early spring. Here's more about this tasty unique citrus fruit.The fruit is used in many festive celebrations throughout Southeast Asia. After a Captain Shaddock of an East India Company ship introduced it to Barbados, the fruit was called "shaddock" in English. The fruit is also known as jabong in Hawaii and jambola in varieties of English spoken in South Asia. The etymology of the word "pomelo" is uncertain. It may be an alteration of "pompelmoes", in Tamil pomelo are called pampa limasu, which means "big citrus". The name was adopted by the Portuguese as pomposos limoes and then by the Dutch as pompelmoes. Typically, the fruit is pale green to yellow when ripe, with sweet white ( or, more rarely , pink or red) fle...
Suprime is about high level of ideas that it is let you thing , to apply in technology. There are many ways to apply in society , to build new and advanced technology . Nowadays , digital marketing are doing good and stock market are also being in online platform.
In 19th century all are in paper works , for example ,if you want to trade on Forex , you have to go to brokers and you have to wait for in que and all records are in paper works. Now, technology being advanced , brokers are now being online . It is all possible because of technology development and nowadays all bankers are online .
Trading online is being one of the suprime advancement of technology . For digital digital transaction money is important to transact online .
There is now digital ways to perform online jobs and doing far away business as i illustrated in Business page . There is now development of business in online being processed nowadays and most of the people are doing well in online system . That's because development of windows and desktop and laptops . And also in mobile versions and several electronics goods and toys .
Digital Marketing in Nepal:
Digital marketing is any form of marketing that exists online. The last decade has seen a huge change in the marketing trend as the maximum number of people or buyers are based online. Digital marketing is the promotion of products or brands that use digital technologies in the Internet by electronic means. Digital marketing can also be termed as an advanced and enhanced version of marketing because it works strategically to analyze whether planning and campaign work in real time.
Let's start with the factual impact of digital marketing:
50 %% of the organization had a well integrated digital marketing plan n 2018 so far.
About 80% of advertisers believe that traditional promotion is not enough again and digital marketing will increase their organization's income by 30 +%.
Over 80% of organizations will expand their online advertising budgets which may surpass the IT spending plan.
In an investigation with IPSOS Hong Kong, Google has asserted that 2.8 times better revenue can be achieved than those who do not use digital marketing.
Below are some of the most common assets and strategies that fall under digital marketing.
Assets:
Websites
blog posts
E books
Article information
Interactive device
Social media channels like Facebook, Twitter, LinkedIn, Instagram etc.
Strategy:
SEO - SEO stands for Search Engine Optimization. The process of getting traffic from "free", "organic", search results on search engines for higher rankings.
SEM- SEM means search engine marketing or paid search, which refers to paid listings, which have a longer duration of search marketing used to include both SEO and SEM. The most common terms mentioned below are used to refer to SEM activities:
Paid search ads
Paid Search Advertising
PPC (Pay Per Click)
PPC (Pay Per Call)
CPC (cost per click)
CPM (cost per thousand impressions)
Content Marketing - Content marketing is the creation and promotion of content assets aimed at generating brand awareness, traffic growth, lead generation or customers. Content is always considered to be the king and foundation for all marketing how you want to portray your product to the whole world.
Inbound marketing- Inbound marketing usually refers to the approach of attracting, converting customers using online content.
Social Media Marketing- The practice of promoting your brand and your content on social media channels to increase brand awareness, increase traffic, and generate leads for your business. The social media budget will double in the next few years. Internet penetration is getting more and more results.
Pay-Per-Click (PPC) - A way to bring traffic to a website by paying the publisher every time an ad is clicked. One of the most common types of PPC is the Google advertising term.
Native Advertising - Native advertising refers to advertisements that are primarily content-led and are shown on a platform with other, non-paid content.
Marketing Automation - incorporates marketing automation into marketing automation that exists with the goal of automating marketing actions.
Email Marketing- Companies use email marketing as a way to communicate with their audience. Email is commonly used to know and promote content, discounts and events, as well as to direct people to the business's website.
Role of Digital Marketing:
Digital marketing is still a new advertising platform in Nepal and therefore still a unique product offering for Nepal. Furthermore, it is a powerful medium to connect with the target audience and there are broad segments that we can target based on product profile. With the undisputed demand for current digital progress, organizations are doing all they can to coordinate with the momentum. They are either forced to change their channelization to digital or are accelerating existing marketing processes in digital ways. And the main inquiry that can emerge here is about the role of digital marketing for a particular organization.
Digital Marketing Strategy:
Digital marketing strategy in any business module allows you to be a dynamic part of an incredibly indispensable and similarly engaging online marketing framework. Digital marketing is set to become the potential destiny of marketing and it appears that soon it will improve all traditional marketing moves. We all know that as the world is customarily moving from an advanced method to work, people nowadays prefer online content more and businesses that have not yet incorporated digital marketing into their marketing structure need it Need to be included as soon as possible.
Thousands of school management software in the market so that you can question why Digital Nepal? Yes, we have an answer. All the software you are looking for in the market is clearly promising, but they can work only or only online or offline, but student management software operated by Digital Nepal can synchronize data online as well as offline. . Digital Nepal School Management System is a complete school information management system aimed at digitalizing Nepal's education system. Digital Nepal is ERP based SaaS system where you can keep all records including accounting, finance, student information, exam records, routines and many more.
Digital Nepal digitalizes, organizes and synchronizes educational information by developing customized information management software (IMS) for educational institutions. The software strives to empower a customer-centric approach by providing accurate, transparent and personalized information with complete privacy to each and every character of educational privacy.
The reasons for going to our school management system are:
Our software has a user friendly interface which means that anyone with basic computer knowledge and ability to understand English can use our system.
Our software application is impeccable and robust.
Our support team is committed to providing quick support to users.
The software can be used both online as well as offline and can run effectively in any platform as it has the unique feature of synchronizing.
There is an online portal through which management can search the student and get all the details instantly.
Parents can easily communicate with any teacher or management through the online portal. Likewise, they can download or receive prints of all academics, attendance reports, time table, syllabus etc.
Teachers can easily communicate with parents through online portals and keep track of communication.
School management can access all activities of teachers as well as students from a single platform.
Printing, postal and reproduction expenses can be cut down due to the availability of SMS services.
Whenever updates or maintenance or issues are required about the software, the company sends well-trained individuals to your school.
You can access your school records from any remote location at any time using a tablet, mobile or laptop.
If the system is connected to the Internet with a minimum speed of 1 Mbps, all data bases will be saved in the back local server and the cloud server.
ID cards, admit cards, progress report cards are printed at the beginning of every academic year.
We provide a balance sheet to the school, with the help of which it can be easy to make clear management decisions.
In one click, you can get the complete biography of the student.
Online as well as on-site support.
How this software works:
DN develops customized information management software (IMS) to automate related information to related institutions.
DN creates integrated common digital platforms to channelize all the cross functions of an educational institution into one system by developing customized enterprise resources planning.
The school management system, a delightful product of Digital Nepal, aims to bridge the information gaps between school management, teachers, students and parents. This software can be a sanctification for effective management of the overall operations of your educational institution. This attractive software can be used to update student information, mining, storing and quick access, centralizing and controlling the activities of the entire school. With the use of this software, you can control the overall information of students and report them to their parents and also store that information for future references.
The software is user friendly, highly integrated, elastic and provides a myriad of operative tools that can be used in administration for its effective control and functioning. This software is not only to cater to the needs of administration, it is effective for every department of your institution. We cover the finer details of the school like class, subject, section, fee collection, admission process, examination, hostel, list, staff salary, transportation, basic portal, student portal, founding portal and teacher portal. It also has sections for student attendance, homework and many other elements. All the mentioned functions can be easily controlled by the automated element present in the software.
It is not the first company to start a revolution, intended to bridge the gap between Digital Information Nepal, the traditional information management system adopted in educational institutions in Nepal and the top accepted information systems worldwide. Clearly a fast mover who has successfully managed 100 schools through its student management system software in a short span of time. The speech has been made digital. We started our movement from Baishakh 2075 and now we can see the result clearly.
We have our head office in Kathmandu while we have already inaugurated our branch in Janakpur and Itahari. The CEO of the company has been working in the field of IT for over 5 years and the team consists of an age-old and self-motivated group of tech-savvy youth who are always ready to find innovative solutions to your problems. We are in the mission of developing innovative solutions to bridge the gap between traditional information management systems and digital information management systems.
Digital Wallet
A digital wallet, also known as an "e-wallet", refers to an electronic device or online service that allows a person to conduct an electronic transaction. This may involve purchasing items on-line with a computer or using a smartphone to purchase something in a store. Money can be deposited in a digital wallet before any transaction or, in other cases, a person's bank account can be linked to a digital wallet. Users may also have their driver's license, health card, loyalty card (s) and other ID documents stored within the wallet. Credentials can be passed wirelessly via close communication (NFC) at a merchant's terminal. Increasingly, digital wallets are being made not only for basic financial transactions but also to certify the creditworthiness of the holder. For example, a digital wallet can verify the buyer's age at the store when purchasing alcohol. The system has already gained popularity in Japan, where digital wallets are known as "wallet mobiles". A cryptocurrency wallet is a digital wallet where private keys are stored for cryptocurrencies like bitcoin.
Technology
A digital wallet has both a software and an information component. Secure and fair electronic payment system is important issue. The software provides security and encryption for personal information and for real transactions. Typically, digital wallets are stored on the client side and are easily self-maintained and fully compatible with most e-commerce websites. A server-side digital wallet, also known as a thin wallet, is what an organization creates for you and maintains on your server. Server-side digital wallets are gaining popularity among major retailers due to the security, efficiency, and added utility it provides to the end-user, thereby increasing the satisfaction of their overall purchase . The information component is basically a database of user-input information. This information includes your shipping address, billing address, mode of payment (including credit card number, expiration date and security number), and other information.
A digital wallet is composed of both a digital wallet device and a digital wallet system. Dedicated digital wallet devices, such as biometric wallets by Dunhill, are physical devices that hold cash and cards with a Bluetooth mobile connection. More searches are currently being done for smartphones with NFC digital wallet capabilities, such as Google's Android operating system in the Samsung Galaxy series and Google Nexus smartphones, and Apple Pay on Apple's iPhone 6 and iPhone 6 Plus . Others include payment services such as Samsung Pay, Android Pay, as well as PayPal and Venmo.
Digital wallet systems enable widespread use of digital wallet transactions between various retailers in the form of mobile payment systems and digital wallet applications. The M-Pesa mobile payment system and microfinancing service has widespread use in Kenya and Tanzania, while the MasterCard PayPass application is used in the U.S. And has been adopted by many vendors worldwide.
Digital wallets are being used more frequently in Asian countries as well. One in every five consumers in Asia is now using a digital wallet, representing a two-fold increase from two years ago. Among 8500 adults, a MasterCard Mobile Shopping survey aged 18–64 in 14 markets showed that 45% of users in China, 36.7% of users in India and 23.3% of users in Singapore are the largest adopters of digital wallets. . The survey was conducted between October and December 2015. Further analysis revealed that 48.5% of consumers in these areas made purchases using smartphones. Indian consumers using smartphones to make purchases are leading with 76.4%, a huge increase of 29.3% over the previous year. This has prompted companies like Reliance and Amazon India to come out with their own digital wallets. Flipkart has already introduced its digital wallet.
The client-side digital wallet requires minimal setup and is relatively easy to use. Once the software is installed, the user begins by entering all relevant information. The digital wallet is now installed. On the purchase or check-out page of an e-commerce site, digital wallet software has the ability to automatically enter user information in an online form. By default, most digital wallets indicate when the software recognizes a form in which it can be filled; If someone chooses to fill the form automatically, the user will be asked for the password. This keeps unauthorized users away from seeing personal information stored on a particular computer.
ECML
Digital checks are designed to be accurate when transferring data to retail checkout forms; However, if a particular e-commerce site has a peculiar investigation system, the digital wallet may fail to properly identify areas of the form. This problem has been eliminated by sites and wallet software using Electronic Commerce Modeling Language (ECML) technology. The electronic commerce modeling language is a protocol that determines the structure of online retailers and their checkout forms.
Security
Consumers are not required to fill an order form at each site when they purchase an item because the information has already been stored and is automatically updated and recorded at merchant sites when using a digital wallet. Consumers also benefit when using a digital wallet because their information is encrypted or protected by private software code; Merchants benefit by obtaining protection against fraud.
Digital wallets are available to consumers for free, and they are quite easy to obtain. For example, when a consumer purchases on a merchant site that is set up to handle a server-side digital wallet, they type their name, payment, and shipping information as the merchant's own. At the end of the purchase, the consumer is asked to sign up for the wallet of their choice by entering a username and password for future purchases. Users can also get purses on the wallet seller's site.
Although a wallet is free to consumers, sellers charge merchants for purses. Some wallet vendors arrange for merchants to give a percentage of each successful purchase directed through their wallet. In other cases, digital wallet vendors process transactions between the cardholder and participating merchants and charge merchants a flat fee.
Benefits for e-commerce sites
25% of online shoppers abandon their orders due to frustration in filling the form. Digital Wallet combats this problem by giving users the option to transfer their information securely and correctly. This simplified approach to complete transactions leads to better usability and ultimately more utility to the customer.
Digital wallets can also increase transaction security because the wallet usually does not pass payment card details to the website (instead a unique transaction identifier or token is shared). Increasingly this approach is a feature of online payment gateways, especially if the payment gateway provides a "hosted payment page" integration approach.
In 19th century all are in paper works , for example ,if you want to trade on Forex , you have to go to brokers and you have to wait for in que and all records are in paper works. Now, technology being advanced , brokers are now being online . It is all possible because of technology development and nowadays all bankers are online .
There is now digital ways to perform online jobs and doing far away business as i illustrated in Business page . There is now development of business in online being processed nowadays and most of the people are doing well in online system . That's because development of windows and desktop and laptops . And also in mobile versions and several electronics goods and toys .
Digital Marketing in Nepal:
Digital marketing is any form of marketing that exists online. The last decade has seen a huge change in the marketing trend as the maximum number of people or buyers are based online. Digital marketing is the promotion of products or brands that use digital technologies in the Internet by electronic means. Digital marketing can also be termed as an advanced and enhanced version of marketing because it works strategically to analyze whether planning and campaign work in real time.
Let's start with the factual impact of digital marketing:
50 %% of the organization had a well integrated digital marketing plan n 2018 so far.
About 80% of advertisers believe that traditional promotion is not enough again and digital marketing will increase their organization's income by 30 +%.
Over 80% of organizations will expand their online advertising budgets which may surpass the IT spending plan.
In an investigation with IPSOS Hong Kong, Google has asserted that 2.8 times better revenue can be achieved than those who do not use digital marketing.
Below are some of the most common assets and strategies that fall under digital marketing.
Assets:
Websites
blog posts
E books
Article information
Interactive device
Social media channels like Facebook, Twitter, LinkedIn, Instagram etc.
Strategy:
SEO - SEO stands for Search Engine Optimization. The process of getting traffic from "free", "organic", search results on search engines for higher rankings.
SEM- SEM means search engine marketing or paid search, which refers to paid listings, which have a longer duration of search marketing used to include both SEO and SEM. The most common terms mentioned below are used to refer to SEM activities:
Paid search ads
Paid Search Advertising
PPC (Pay Per Click)
PPC (Pay Per Call)
CPC (cost per click)
CPM (cost per thousand impressions)
Content Marketing - Content marketing is the creation and promotion of content assets aimed at generating brand awareness, traffic growth, lead generation or customers. Content is always considered to be the king and foundation for all marketing how you want to portray your product to the whole world.
Inbound marketing- Inbound marketing usually refers to the approach of attracting, converting customers using online content.
Social Media Marketing- The practice of promoting your brand and your content on social media channels to increase brand awareness, increase traffic, and generate leads for your business. The social media budget will double in the next few years. Internet penetration is getting more and more results.
Pay-Per-Click (PPC) - A way to bring traffic to a website by paying the publisher every time an ad is clicked. One of the most common types of PPC is the Google advertising term.
Native Advertising - Native advertising refers to advertisements that are primarily content-led and are shown on a platform with other, non-paid content.
Marketing Automation - incorporates marketing automation into marketing automation that exists with the goal of automating marketing actions.
Email Marketing- Companies use email marketing as a way to communicate with their audience. Email is commonly used to know and promote content, discounts and events, as well as to direct people to the business's website.
Role of Digital Marketing:
Digital marketing is still a new advertising platform in Nepal and therefore still a unique product offering for Nepal. Furthermore, it is a powerful medium to connect with the target audience and there are broad segments that we can target based on product profile. With the undisputed demand for current digital progress, organizations are doing all they can to coordinate with the momentum. They are either forced to change their channelization to digital or are accelerating existing marketing processes in digital ways. And the main inquiry that can emerge here is about the role of digital marketing for a particular organization.
Digital Marketing Strategy:
Digital marketing strategy in any business module allows you to be a dynamic part of an incredibly indispensable and similarly engaging online marketing framework. Digital marketing is set to become the potential destiny of marketing and it appears that soon it will improve all traditional marketing moves. We all know that as the world is customarily moving from an advanced method to work, people nowadays prefer online content more and businesses that have not yet incorporated digital marketing into their marketing structure need it Need to be included as soon as possible.
Thousands of school management software in the market so that you can question why Digital Nepal? Yes, we have an answer. All the software you are looking for in the market is clearly promising, but they can work only or only online or offline, but student management software operated by Digital Nepal can synchronize data online as well as offline. . Digital Nepal School Management System is a complete school information management system aimed at digitalizing Nepal's education system. Digital Nepal is ERP based SaaS system where you can keep all records including accounting, finance, student information, exam records, routines and many more.
Digital Nepal digitalizes, organizes and synchronizes educational information by developing customized information management software (IMS) for educational institutions. The software strives to empower a customer-centric approach by providing accurate, transparent and personalized information with complete privacy to each and every character of educational privacy.
The reasons for going to our school management system are:
Our software has a user friendly interface which means that anyone with basic computer knowledge and ability to understand English can use our system.
Our software application is impeccable and robust.
Our support team is committed to providing quick support to users.
The software can be used both online as well as offline and can run effectively in any platform as it has the unique feature of synchronizing.
There is an online portal through which management can search the student and get all the details instantly.
Parents can easily communicate with any teacher or management through the online portal. Likewise, they can download or receive prints of all academics, attendance reports, time table, syllabus etc.
Teachers can easily communicate with parents through online portals and keep track of communication.
School management can access all activities of teachers as well as students from a single platform.
Printing, postal and reproduction expenses can be cut down due to the availability of SMS services.
Whenever updates or maintenance or issues are required about the software, the company sends well-trained individuals to your school.
You can access your school records from any remote location at any time using a tablet, mobile or laptop.
If the system is connected to the Internet with a minimum speed of 1 Mbps, all data bases will be saved in the back local server and the cloud server.
ID cards, admit cards, progress report cards are printed at the beginning of every academic year.
We provide a balance sheet to the school, with the help of which it can be easy to make clear management decisions.
In one click, you can get the complete biography of the student.
Online as well as on-site support.
How this software works:
DN develops customized information management software (IMS) to automate related information to related institutions.
DN creates integrated common digital platforms to channelize all the cross functions of an educational institution into one system by developing customized enterprise resources planning.
The school management system, a delightful product of Digital Nepal, aims to bridge the information gaps between school management, teachers, students and parents. This software can be a sanctification for effective management of the overall operations of your educational institution. This attractive software can be used to update student information, mining, storing and quick access, centralizing and controlling the activities of the entire school. With the use of this software, you can control the overall information of students and report them to their parents and also store that information for future references.
The software is user friendly, highly integrated, elastic and provides a myriad of operative tools that can be used in administration for its effective control and functioning. This software is not only to cater to the needs of administration, it is effective for every department of your institution. We cover the finer details of the school like class, subject, section, fee collection, admission process, examination, hostel, list, staff salary, transportation, basic portal, student portal, founding portal and teacher portal. It also has sections for student attendance, homework and many other elements. All the mentioned functions can be easily controlled by the automated element present in the software.
It is not the first company to start a revolution, intended to bridge the gap between Digital Information Nepal, the traditional information management system adopted in educational institutions in Nepal and the top accepted information systems worldwide. Clearly a fast mover who has successfully managed 100 schools through its student management system software in a short span of time. The speech has been made digital. We started our movement from Baishakh 2075 and now we can see the result clearly.
We have our head office in Kathmandu while we have already inaugurated our branch in Janakpur and Itahari. The CEO of the company has been working in the field of IT for over 5 years and the team consists of an age-old and self-motivated group of tech-savvy youth who are always ready to find innovative solutions to your problems. We are in the mission of developing innovative solutions to bridge the gap between traditional information management systems and digital information management systems.
Digital Wallet
A digital wallet, also known as an "e-wallet", refers to an electronic device or online service that allows a person to conduct an electronic transaction. This may involve purchasing items on-line with a computer or using a smartphone to purchase something in a store. Money can be deposited in a digital wallet before any transaction or, in other cases, a person's bank account can be linked to a digital wallet. Users may also have their driver's license, health card, loyalty card (s) and other ID documents stored within the wallet. Credentials can be passed wirelessly via close communication (NFC) at a merchant's terminal. Increasingly, digital wallets are being made not only for basic financial transactions but also to certify the creditworthiness of the holder. For example, a digital wallet can verify the buyer's age at the store when purchasing alcohol. The system has already gained popularity in Japan, where digital wallets are known as "wallet mobiles". A cryptocurrency wallet is a digital wallet where private keys are stored for cryptocurrencies like bitcoin.
Technology
A digital wallet has both a software and an information component. Secure and fair electronic payment system is important issue. The software provides security and encryption for personal information and for real transactions. Typically, digital wallets are stored on the client side and are easily self-maintained and fully compatible with most e-commerce websites. A server-side digital wallet, also known as a thin wallet, is what an organization creates for you and maintains on your server. Server-side digital wallets are gaining popularity among major retailers due to the security, efficiency, and added utility it provides to the end-user, thereby increasing the satisfaction of their overall purchase . The information component is basically a database of user-input information. This information includes your shipping address, billing address, mode of payment (including credit card number, expiration date and security number), and other information.
A digital wallet is composed of both a digital wallet device and a digital wallet system. Dedicated digital wallet devices, such as biometric wallets by Dunhill, are physical devices that hold cash and cards with a Bluetooth mobile connection. More searches are currently being done for smartphones with NFC digital wallet capabilities, such as Google's Android operating system in the Samsung Galaxy series and Google Nexus smartphones, and Apple Pay on Apple's iPhone 6 and iPhone 6 Plus . Others include payment services such as Samsung Pay, Android Pay, as well as PayPal and Venmo.
Digital wallet systems enable widespread use of digital wallet transactions between various retailers in the form of mobile payment systems and digital wallet applications. The M-Pesa mobile payment system and microfinancing service has widespread use in Kenya and Tanzania, while the MasterCard PayPass application is used in the U.S. And has been adopted by many vendors worldwide.
Digital wallets are being used more frequently in Asian countries as well. One in every five consumers in Asia is now using a digital wallet, representing a two-fold increase from two years ago. Among 8500 adults, a MasterCard Mobile Shopping survey aged 18–64 in 14 markets showed that 45% of users in China, 36.7% of users in India and 23.3% of users in Singapore are the largest adopters of digital wallets. . The survey was conducted between October and December 2015. Further analysis revealed that 48.5% of consumers in these areas made purchases using smartphones. Indian consumers using smartphones to make purchases are leading with 76.4%, a huge increase of 29.3% over the previous year. This has prompted companies like Reliance and Amazon India to come out with their own digital wallets. Flipkart has already introduced its digital wallet.
The client-side digital wallet requires minimal setup and is relatively easy to use. Once the software is installed, the user begins by entering all relevant information. The digital wallet is now installed. On the purchase or check-out page of an e-commerce site, digital wallet software has the ability to automatically enter user information in an online form. By default, most digital wallets indicate when the software recognizes a form in which it can be filled; If someone chooses to fill the form automatically, the user will be asked for the password. This keeps unauthorized users away from seeing personal information stored on a particular computer.
ECML
Digital checks are designed to be accurate when transferring data to retail checkout forms; However, if a particular e-commerce site has a peculiar investigation system, the digital wallet may fail to properly identify areas of the form. This problem has been eliminated by sites and wallet software using Electronic Commerce Modeling Language (ECML) technology. The electronic commerce modeling language is a protocol that determines the structure of online retailers and their checkout forms.
Security
Consumers are not required to fill an order form at each site when they purchase an item because the information has already been stored and is automatically updated and recorded at merchant sites when using a digital wallet. Consumers also benefit when using a digital wallet because their information is encrypted or protected by private software code; Merchants benefit by obtaining protection against fraud.
Digital wallets are available to consumers for free, and they are quite easy to obtain. For example, when a consumer purchases on a merchant site that is set up to handle a server-side digital wallet, they type their name, payment, and shipping information as the merchant's own. At the end of the purchase, the consumer is asked to sign up for the wallet of their choice by entering a username and password for future purchases. Users can also get purses on the wallet seller's site.
Although a wallet is free to consumers, sellers charge merchants for purses. Some wallet vendors arrange for merchants to give a percentage of each successful purchase directed through their wallet. In other cases, digital wallet vendors process transactions between the cardholder and participating merchants and charge merchants a flat fee.
Benefits for e-commerce sites
25% of online shoppers abandon their orders due to frustration in filling the form. Digital Wallet combats this problem by giving users the option to transfer their information securely and correctly. This simplified approach to complete transactions leads to better usability and ultimately more utility to the customer.
Digital wallets can also increase transaction security because the wallet usually does not pass payment card details to the website (instead a unique transaction identifier or token is shared). Increasingly this approach is a feature of online payment gateways, especially if the payment gateway provides a "hosted payment page" integration approach.
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