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5 Reasons that you might not know why using an e-wallet is better than cash.

Not only for the convenience of goods and services payment but e-wallet also help in saving and reduce disadvantages of using cash. Let’s take a look at the reason why we should use e-wallet instead of cash or reduce the use of cash.

1.It helps reduce the cost of cash management, whether it's ourselves, stores, service stores, or even government budgets.

For example, We don’t waste time receiving the money or finding a place to store it, even if we want to check what we spend is easy, and convenient, and you don’t have to waste your time traveling to withdraw cash. For the stores, it reduces time costs whether they are accounting or errors in receiving or withdrawing because they can be checked in real time. For the government, cash management costs from banknotes to banks or ATMs will be reduced by more than 50,000 million baht per year.

2.You can get more goods and services with the same price

At present, e-wallet provide a lot of promotions to encourage people to reduce using cash till it leads to behavior change. This is a benefit for consumers like us to get more goods and services with the same price or lower price from the many discounts, and we can collect points from spending to redeem a prize as well.

3.Reduce the problem of embezzlement or theft

When you or shops/services don’t have to carry cash, store it in your pocket, or reserve it at the store, embezzlement from employees or thefts will decrease dramatically. So we don’t have to worry about losing money, have to check the employees, nor do we have to worry about where the money will go or even reduce the problem of receiving counterfeit bills.

4.It's easy to check your spending

It is easy to check every transaction, making it easy to check the origin of expenses, to manage expenses on a daily and monthly basis, whether users themselves or even stores that have to do accounting and keep checking accounts.

5.Reduce the risk of exposure to money or banknotes

Whether it’s COVID or even other infectious diseases caused by exposure to money, we don’t know what the money or the banknotes that we’ve touched have gone through. There are many ways to protect ourselves such as spraying the alcohol on the banknotes or cleaning them before using, but the other way we don’t have to worry about or protect ourselves from transmitting diseases to others is through an e-wallet that doesn’t have to touch anything other than our own phones.

However, using e-Wallet or e-Payment is an alternative that allows us to pay for our products and services in a variety of ways.

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