What is the difference between mobile banking and e-Wallets?
a. Mobile banking is more widely accepted at merchant locations
b. Mobile banking allows one to manage his or her bank account while e-Wallets store credit/debit cards, gift cards, and loyalty cards and can be used for purchases
c. There is no difference
d. Mobile banking is for external use while e-Wallets are for personal financial tracking
e. e-Wallets are newer and have not been adopted by consumers or merchants yet
Answer: b. Mobile banking allows one to manage his or her bank account while e-Wallets store credit/debit cards, gift cards, and loyalty cards and can be used for purchases
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