Your wallet on your cell phone. Use this wallet to stop running to the ATM machine. Basic version supports Credit card, check books, pay pal account. Payment information is encrypted and barcoded before you present this to the merchant. So it is as secure if not more secure than giving the credit card number over the phone or in person. You can also use this to pay your friend. Use either email address or mobile number as your wallets key. Once it is set up the only thing that you need to type is the amount that you need to pay. The application also supports addition/receipt of loyalty cards, coupons and Tickets etc.
Wallet POS is required to process Digital assets from mWallet.