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STYLES CLASH: BANKS VS. DIGITAL WALLETS

06-17-2019 04:22 PM CET | IT, New Media & Software

Press release from: Passfeed, Inc.

(New York, NY) June 11, 2019 — Looking to expand the boundaries of online shopping and money exchange, Passfeed has consistently sought to capitalize on consumer frustrations while shopping on conventional websites. The dream is simple: people should be able to shop, save and share deals without having to deal with credit cards or pay banking fees. Along with a robust shopping experience, Passfeed’s ever expanding offerings include virtual debit cards, gift certificates with merchants like Best Buy, Macy’s and Starbucks, ETF’s and even exclusive incentive cards.

Passfeed, “Your Social Shopping App,” prides itself on being an all-encompassing Digital Wallet, capable of making online and in-store purchases, exchanging money with friends instantaneously and even exchanging currencies among its users — all important transactions that, not too long ago, were exclusively for banks only. Thankfully, the times are changing because banks have a sleek, new competitor in the form of Digital Wallets.

Digital Wallets are ideal for those who want to process payments, pay their bills and exchange money with family and friends without having to put in their bank details. Not to mention, they help you stay organized.

You don’t have to dig in your pocket or purse for the right card when checking out at your favorite stores. Digital Wallets can help you keep everything from credit cards to membership and customer loyalty cards intact and safely secure.

What’s the secret for this ease of use? Near-Field Communication. NFC technology allows you to scan from your Digital Wallet to a merchant’s e-reader within a four inch radius. Placing your smartphone mere inches from an e-reader enables a prompt from your Digital Wallet to pop up and confirm your payment without needing to physically swipe a bank card to checkout.

To put it simply, Digital Wallets make consumers’ lives a breeze because you don’t have to fumble for your bank card, membership card or loyalty card — it’s all on your mobile device.

So, are Digital Wallets superior and will they be the future option for US consumers when choosing to pay? I’d bet my cashless money on it.

About Passfeed

Passfeed was founded in 2018 by Richard Wang, a start-up entrepreneur with several well-timed exits. Influenced by the business models of Wish.com, Amazon and Aliexpress this upstart start-up provides an exciting e-wallet and shopping experience. Users are able to choose from over 1.5 million of the most trendy fashions, incredible household gifts and even electronics. Expanding the boundaries of e-Commerce, consumers can shop for deals, send money between friends and family, buy gift certificates and much more - all within one user-friendly App.

You can learn more about Passfeed by clicking on the website link here or downloading the App for free here on your Android or iOS device.

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If you would like more information about this topic, please call: Dennis Sary, Marketing Director at (929) 332-2099, or email at dennis@passfeed.com.

Passfeed, Inc.
750 Lexington Ave 9th floor, New York, NY 10022
Contact: Dennis Sary
Phone: (929) 332-2088
Email: dennis@passfeed.com

Passfeed, the Social Shopping App, was founded in 2018 by Richard Wang. His concept combined the business models of established businesses like Wish.com, Amazon and Aliexpress with the convenience of digital wallets. The upstart start-up provides a fully functioning shopping ecosystem where users are able to shop from 1.5 million items and, at the same time, share and obtain rewards and iPoints. The company sought to capitalize on most consumers’ frustration with the current banking and credit card fee environment. His dream was simple: people should be able to shop and share deals and savings without having to pay third party service providers a chunk of their hard earned money. This set of ideals laid the groundwork for what soon became one of the fastest growing Apps on iTunes.

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