it's about so settle for a stunning display coming from last to finish 2nd. or watching david way in his life from berlin when it's next hour shift living in the digital age the news will be back at the top of the hour remember in the meantime you can get all the latest headlines on our web site at stake w dot com for me and the entire team here and berlin thanks for joining. me take it personally. with wonderful people and stories that make the game so special. for all true for. more than so long line it's. a little tourist guide for germany.

i love berlin. international 50 story and 50 very personal to berlin is very best features. plenty of. back series every week on d w. this might soon be a thing of the past. who needs cash when you can just as easily pay with an easy wallet world wide digital wallet and i was smart phones are growing more and more popular what systems on the market how do they differ from one another and how safe are they i would topic today on to the.

most evil let's com a smartphone apps. that biometric solutions to suing your own hand might replace your wallet a scanner authorizes the payment and that's it businesses are picking up on the trend and offering more payment services facebook even announced its own app recently but which one is right for me. that might depend on where you live and what you plan to use it for. a bouquet of flowers without any cash to many it's already an ordinary part of daily life let's let users pay quickly and easily there's a wide range of apps to choose from. you can get the wallets through your bank then it's basically an extension of your regular account on your smartphone. connected

to your mobile plan they conduct transactions via text message there is also a growing number of other providers whether global players for worldwide payments like google pay your pay pal or for certain countries and currencies like hourly pay in china. in india. the main principle stays the same. are for storing money. the balance usually comes from a bank account or credit card or is topped up in cash the app lets you pay by clicking a button scanning a q.r. code for it with near field communication i use it mostly because they're really kind of because you can pay everywhere and anywhere with your mobile phone and it takes away the hassle of dealing with cash auditing with physical credit cards with payments you can just scan a q.r.

code and comes directly from your bank account. user should look out for fees though often sending money to friends is free of charge but many providers make a profit on other transactions charges 5 percent on international money transfers for instance that can become costly in the long run. so here's a checklist for finding that your wallet that's best for your needs what countries and currencies doesn't work and how can i top it up what payment options do i have and what does the option i use most cost and as always it's also important to look out for your security and personal data. expert julie martin some basic advice for choosing the right provider look for multiple factor authentication look for making sure that there is a backup. and make sure that they are warning you about how you should and shouldn't be interfacing with the technology. whether or not my money is safe

depends on how i keep it leaving my wallet is probably a bad idea using 1234 as a password for my wallet also not the best but providers need to maintain security standards to. technically speaking most do you want to buy serious providers are well protected the data is encrypted and stored on secure service it's recommended to use which have been checked by at least 2 i.t. security companies one risk remains humans passwords need to be protected and you want to use are a popular target for phishing attacks which enable criminals access to what is digital wallets. this is the power and the danger of mobile banking you are your own bank and if you have bad security practices you lose your phone or something happens then you are the one who is

going to suffer the consequences of that like online banking most do you want to use 2 factor authentication for example password and fingerprint what if a transfer of veals with 0 sum providers have accommodating rules similar to a bank but that is not a given equal it usually circumvents the middlemen making a profit and if there is no longer an intermediary there who is making money off of you. then you have a danger that you're not going to get that charge back there's nobody to charge it to send it back to you. so. some risks but doesn't money always. how does mobile payment compare to other common methods we took a closer look at. how secure is using it compared to using a credit card online the only way to answer that question is it depends it depends on the wallets and on the online payment system there are you while it's

a systems that are more secure than some of the online payment systems that are in use today and vice versa. i would prefer the wallet to using the credit card in the store because you've removed the human element you don't have the cashier taking your credit card potentially copying it or memorizing it or whatever. and if you want is definitely more secure in the sense that. you don't have to worry about terry physically keeping the cash with you all the time and having enough to pay every time i give my kids cash they seem to lose some of it for example if they never lose their falls. so when it comes to security let's make a good impression but what about user data and the electronic transaction leaves a digital footprint when it comes to wallets but information is not only available

to my bank but also to service providers like google pay pal our digital wallet is just another step towards transparent customers i mean cash has a certain anonymity to it that people like. you don't quite have in the same way with with digital currency. digital transactions create footprints which many providers also use data about payments absolutely is being used about you absolutely some huge industry people making lots of money by analyzing payment flows from many users however the advantages outweigh the risks. all these private corporations know exactly what you're spending behavior is like what you are like as a shop your your behavior patterns essentially and that might be uncomfortable for some people but i personally it's not

a big issue i would rather my transactions be tracked. safe rather than not tracked but not say. in the end we need to choose what's most important to us. fun fact in germany we're huge fans of hot cash hardly anyone uses wallets here other european countries are less cash crazy in scandinavia more people prefer a mobile payment and in many asian countries it has long become a part of daily life china expects harf a 1000000000 customers to use the wallets in 21000. and it's no wonder it's simpler less expensive and quicker than your plastic bag if i wanted to transfer money from my regular bank on a friday afternoon for example i have to wait until monday morning for it to be processed when i use my wallet the recipient instantly receives the money along

with the message that it has arrived and the best part is i don't always need a bank account for about. the world bank estimates that globally about 1700000000 people don't have access to a bank account for them you want to could enable access to the financial system. one example is the digital payment system. it started in 2007 in kenya and is available and other african countries in india and in parts of eastern europe. the account is linked to a mobile phone number users can pay bills or transfer money by text message a large network of employees agents allows for the digital wallet to be topped up one of the interesting things about electronic quality is bed in places where the banking system is less developed the least developed you find the highest levels of comfort with using digital well that's simply because people will grasp on to any alternative that works banking the young bank has come to facebook's attention to

the plan to the wallets culebra is supposed to be integrated into facebook messenger what's up users could then do worldwide payments in facebook's own currency libra the project has raised international criticism for facebook's entrance into the strongly regulated financial market should give mobile payments another boost i think most likely in the next 5 years we will see big movements towards global while its capabilities because of players like we chat and facebook and others with massive platform reach pushing the sector forward and. they. sort of helped break down the barriers with governments to get on board and allow this cross jurisdictional use country to country use of these kinds of currency it will become easier and easier. facebook's idea isn't necessarily new ebola it's using crypto currency is

a bit coin have been around for years they encrypt transactions with blocks in technology which makes them particularly safe. only exists digitally and are not regulated by any bank the most well known ones are bitcoin and ripple. the term comes from the greek word crypto meaning secret or hidden points toward the cryptographic encryption used for all components of the currency system. this technology is much safer than usual encryptions all information from balance a transaction is secured in a block chain meaning in a cryptographically encrypted protocol this way user data is stored safely. depending on the type of currency some of them are fully anonymous and nobody can see your payment history and that is a much more secure way of maintaining anonymity and payments. could potentially be

as secure and more secure than cash. but this anonymity only comes with specific cryptocurrency the advantages of digital wallets are easy to use they allow for quick transactions with a high level of security at least when you follow basic data protection guidelines one big disadvantage is the sensitive data you leave behind when you pay how much money i spend on water and when is very interesting to businesses and they're willing to pay huge amounts to know what's it like for you. as to you use and why. that does not become a part of the shift community on you tube and subscribe to our channel b. look at everything from a fiercely intelligent robotics to gaming and gadgets see what they are by by.

we take a look at the 2nd generation range rover evoque. what is this this selling in studio all about. fancy a tiny car the micro lino might be just what you're after. is could revolutionize urban traffic. drive it next on w. many people who retire in their sixty's. not sold the top 5 and that's when he started his career as an arts and fashion photographer. it's a miracle his extraordinary rise from underground photographer to working for both

fashion photographer budget fight for chasing beautiful. d.w. . every journey begins with the 1st step and every language with the 1st word published in the. eco is in germany to learn german why not with him simple online on your mobile and free cell d w z e learning course he can speak german made easy. welcome to drive it's the d w motor magazine this time an electric car made to measure we just the micro the no from switzerland. c yachts 1st natural gas powered s.u.v. t.g.i. .