Ditch Your Wallet - Mobile Wallets Demystified

Cash (if you’re lucky), credit cards, loyalty cards, ID’s, discount cards and all manner of other plastic populate our purses and wallets.  For men, a wallet can be an annoying bulge; for women an impossible item to stuff in a clutch.

The promise of mobile wallets seek to remedy these issues.  But, is ditching your wallet practical?  Let’s dispel some myths about
mobile wallets.




Myth 1:  Mobile wallets are only for the first world.

While it is true that some options like Apple Pay and Google Wallet don’t work in Jamaica, there are a plethora of other options that are, or will be, available soon.

Myth 2:  You need a smartphone for a mobile wallet.

Again, there are options that rely on a smartphone running Android or iOS, but there are text, carrier and feature phone based options which don’t require a smart phone.

Myth 3:  You still need a credit card or bank account for a mobile wallet.

Nope, some mobile wallet options are for those without any kind of bank account at all.

Myth 4:  There are a limited number of access points for your mobile wallet.

That depends on what you consider ‘limited’ as the network of access points is growing daily.

Myth 5: If you loose your phone, you’ve lost your money.

Now this one is categorically untrue.  Mobile wallets don’t keep your money “in” the handset, so a lost phone doesn’t mean you’ve lost your money, or access to it.  Different providers have varied protocols, but all mobile wallet providers protect your hard earned cash if you device is lost or stolen, as mandated by the Bank of Jamaica (BOJ).

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Hurricanes In the Digital Age

Each year, with the official start of the hurricane season on June 1, I dust off and update my disaster preparation plan.  And updating is important, because, my how things have changed.

Back in the day, my parents told me where we would muster (such an odd word), if worst came to worst.  Now, with the family so geographically dispersed, we talk about our communications plan; in effect, we lay out who will call, email, Facebook or tweet who to relay important survival information.

For Gilbert in 1988, my Mom scrambled to find a battery operated radio so that we could listen for updates on the storm.  For Sandy last year I downloaded some important apps and followed prominent media houses on Twitter for my primary news and information.  I tracked the storm from beginning to its bitter end on my mobile phone.

I still stock up on food and water, turn up my fridge and fill my bathtub.  But these days, all of that is just as important as charging all my electronic devices (smartphone, laptop, MiFi and the like), getting a car charger (and filling my car’s gas tank so I can use it to charge) and stocking up on battery packs and spare batteries … just in case.

My important documents are still in a Ziplock® bag, but they are also digitally scanned and uploaded to the cloud.  Heaven forbid the bag floats away or is lodged under a tree, I can access the documents I need from any internet enabled device.

Right after Gilbert, my neighbours and I hit the streets; in effect we went to ‘fass’ and see what damage had been done next door.  These days, I turn to photo and video sharing sites to see the impact of the storm all over the world!

Then	Now
Muster Point	Comms Plan
Stock up on food and water	Get car charger and battery pack
Turn up thermostat on fridge	Charge everything
Secure important documents in water proof bags	Secure important documents in the cloud
Get battery operated transistor radio	Follow news outlets on Twitter
Compile emergency number contact list	Bookmark websites

Resources

• Office of Disaster Preparedness & Emergency Management (ODPEM)
• Jamaica Real Estate Guide
• Jamaica Fire Brigade 
• Go Jamaica Hurricane Tips
• Caribbean Disaster Emergency Management Agency