Skrill presents new e-wallet application for smartphones

Global Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term provider Skrill is pleased to announce the launch of its free mobile app which allows customers to manage their Digital Wallet Digital Wallet A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digi A digital wallet is a popular mechanism referring to an electronic device, online service, or software program that allows one party to make electronic transactions with another party.This involves the bartering or exchange of digital currency, including cryptocurrency for goods and services. Money can be deposited in the digital wallet prior to any transaction, which also includes an individual's bank account that is linked to the digital wallet. A digital wallet can include more than just digi Read this Term account and send and receive instant payments to anyone, anywhere and at any time.

The app, which aims to enhance digital payments and money management on the move, will give users the opportunity to easily send and receive money, upload and withdraw funds and view and search transaction history.

In a world where smartphone ownership has now reached more than 50%, Skrill understood that the mobilization of payments is important for people who expect security whilst able to conduct quick and convenient transactions.

The app will provide merchants with direct insight into customer behaviour in order to tailor offerings, and customers will receive exclusive offers and discounts via the app as a result.

The free app is available on Android and iOS platforms and can be found by searching for ‘Skrill Mobile’