You may have heard the term digital wallet or e-wallet, and you’ve probably seen people paying for things with all sorts of devices. But where do they come from and what do they do? Here’s a quick guide to what we see is the future of payments.
A digital wallet, at its simplest, is a digitised version of the wallet you have in your pocket right now. There are lots of ways to expand on that (and many companies have) but in a nutshell you’re using an app to store all the things you might keep in your pocket. In some cases that might be just your money, linked to your bank account and available for on or offline purchases.
But a digital wallet can be much more than that. It can be where you store your crypto-currencies. It can hold your ID and passport. It may be where you keep your travel documents and loyalty cards.
This is the height of modern convenience and maybe the future of all payments with major brands quickly joining up and accepting payments through your digital wallet. You can pay for a huge number of goods and services with your phone, and combine multiple accounts and mobile payment services in one place.
MuchBetter combines the practicalities of a digital wallet with the real world applications you’re used to (and rely on). With MuchBetter we transcend the digital and offer you a card and a wearable key fob linked to your digital account. This means you’re still financially fluid if your phone runs out of battery or is lost, which is a very real problem that you can’t digitise the answer to just yet.
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MIR Limited UK Ltd: Registered office, Signature By Regus, Berkeley Square House, 2nd Floor, London, England, W1J 6BD. Regulation: Licensed and regulated as an electronic-money institution (EMI) by the UK Financial Conduct Authority (FCA) License No.: 900704.
QuickPay Limited: Registered office, The Black Church, St Mary’s Place, Dublin 7, Dublin, Ireland, D07P 4AX, registered under number 641373. Licensed and regulated as an Electronic Money Distributor of Sureswipe E.M.I. PLC trading as Revsto, which is licensed by the Central Bank of Cyprus to operate as a licensed Electronic Money Institution, license number 115.1.3.26.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
MuchBetter cards and wearables are issued by Paynovate SA pursuant to licence by Mastercard. Paynovate SA is an e-money issuer regulated by the National Bank of Belgium. Paynovate SA is registered with the Banque-Carrefour des Enterprises under number BE0506 763 929.
©MuchBetter and the images on muchbetter.com are protected by copyright 2025. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.
© 2025 MuchBetter | All rights reserved
MIR Muchbetter Australia Pty Ltd (ACN 658 003 804)
(MIR AU or our) is a company registered in Australia and is authorised by the Australian Securities & Investment Commission (Australian financial services licence (AFSL) no. 540851). MIR AU is also enrolled as a reporting entity, and registered on the Remittance Sector Register, with the Australian Transaction Reports and Analysis Centre as a remittance services provider.
✤ Cards and wearable products are not yet available to customers in Australia through MIR MUCHBETTER AUSTRALIA Pty Limited ACN 658 003 804
