• More secure - as the money stored on the smart card is protected with a PIN and only the owner of the card has the knowledge of the PIN. So even if the card is lost, the money is not lost
• Ease of use – Card can be carried conveniently in your wallet. Money stored can be used at various outlets of the issuer and deducted from the wallet automatically after the transaction is completed.
• Controlled spending - It is a pre-paid card, so the spending is limited to the amount put on the card
• Easy accounting of spending - It is very easy to track the money spent through smart card, as all the transactions are centrally tracked by the issuer and a monthly statement can be given to the card holder showing the total spending
• More value for money - Loyalty schemes attached to the e-purse can give higher rewards for higher spending. Reward points accrued over a period of time can be exchanged for gifts
