eFatoora Digital Wallet to Bring Positive Change for Consumers, Gets Government Backing

DUBAI, United Arab Emirates, March 19, 2018 (Newswire.com) - Why go green? Everywhere people are talking about going green and how it impacts the planet. From plastic bags, paper waste and chemical products, everyone is trying to come up with new and resourceful ways that they can go green. eFatoora Dubai is now launching their digital wallet in an effort to offer a compact, useful solution to consumers where they have the choice to have a completely paper-free shopping or administrative experience.

The digital age has caused swift and forceful change in business practices worldwide. The weight of an eco-conscious public attitude paired with an increase in productive capabilities has driven organizations to move to digital.  While the transition to digital may seem like a disruptive and challenging experience, there has never been a better time for companies to ditch paper. eFatoora is creating an end-to-end solution which means huge paper saving and lower admin costs for businesses. The eFatoora application already offers real-time currency exchange for tourists or expats who want to know what they have spent in their home currency. The eFatoora application also gives users weekly and monthly expenditures stating favourite products, most frequented shopping locations and a cost comparison on like-for-like products.

Now in addition, like other online payment methods, the eFatoora digital wallet is instantaneous, requiring just a simple tap of the phone. Once a payment has been made, the transaction is automatically recorded for later viewing. With the eFatoora application, unlike a bank statement, a digital receipt and proof of payment combination then becomes proof of purchase and makes returns and warranties so much easier. Consumer rights also become clear with no lost receipts and big data means that under Dubai Data Law, the consumer experience becomes enhanced with more bespoke and personalised offers or loyalty for consumers based on their behaviour patterns.

With the eFatoora digital wallet, users can also make online payments in just a few clicks. Users won’t have to fill in lengthy payment detail forms every time they want to make a payment on an e-commerce website. 

Money and personal details are safe when using a digital wallet. With the eFatoora digital wallet, all account information is encrypted – this means that actual account numbers aren’t stored on a smartphone. The user needs to enter a password, or other verification details, any time they wish to view or change account information. Digital wallets are far safer than walking around with cash and credit cards. When making a payment, the retailer doesn’t receive a user's credit card details either. Instead, a random transaction number is used. This means the data is safe from fraud and completely secure. Another benefit of the eFatoora app is, if a user ever loses their phone, they don’t need to worry as the eFatoora digital wallet is password-locked and fully encrypted. eFatoora has created a safe and officially tested application compliant with industry and banking standards with full safety and privacy for users.

Going digital attracts customers and encourages people to be environmentally conscious, also reducing overall operational costs for businesses. Mobile wallets or e-wallets have been one of the biggest beneficiaries of the government’s demonetization move, with Dubai's leading businesses and banks showcasing the convenience they offer. The e-wallet industry is said to be adding over one million customers each day around the world, with Dubai and companies like eFatoora leading the innovation and digitization for a happier, green environment.

Source: eFatoora