Virtual Card – Why Should You Choose A Virtual Card?
Humans have been continuously creating solutions that allow evolution throughout history. From physically withdrawing money from a bank to sending and receiving money online with apps; from creating fossil fuel-powered cars to creating electric, autonomous vehicles; from using bulky landlines to using lighter, portable mobile phones; and from physically going to a store to doing your shopping online.
Virtual cards are one of these innovations that has changed how we interact with the world today.
What are virtual card payments? A virtual card, also known as a digital card, is an online-hosted digital representation of a credit or debit card that is used to make purchases over the internet. Virtual cards function exactly like physical cards do, but because they are hosted virtually, there is no need to carry them around like physical cards. A virtual card payment is a transaction that was completed using a virtual card.
Why should you choose a virtual card? The widespread use of mobile and internet technology, particularly in Africa, has led to some ground-breaking inventions today. As technology develops over time, new products are created to meet consumer needs and provide a quicker, more convenient means of doing so. As with all innovative products, virtual cards were developed to simplify cross-border financial transactions, offer consumers convenience, and address problems with traditional plastic cards. These are a few benefits of using a virtual card:
Instant activation: A virtual card can be created, activated, and used for purchases almost immediately. The ability to make quick purchases online is not physically limited.
Fraud prevention:Every time a transaction takes place, new digits are generated and used to encrypt virtual cards. Since virtual cards don’t have a single 16-digit number like the majority of physical cards, which can be copied or used to commit fraud, this lowers the likelihood of fraud and theft.
Ease and convenience:Like Payday’s virtual dollar card, your virtual card is kept in an online digital wallet, so you never have to be concerned about losing it or forgetting where you put it. Customers now have an easier and more convenient way to shop, pay, or conduct transactions without constantly having to pull out a physical card.
Safety:You can cancel a virtual card without contacting your bank, unlike physical cards. Your digital device can be used to directly control your virtual card.
How to get a Virtual Card? Download the Payday app, register, and create your own virtual card to get your Payday dollar card. That’s how easy it is. You can shop on any website in the world from Africa using Payday’s virtual cards. Payday.
