The fact that we are living in a relentlessly growing digital era is undeniable. From talking to a loved one far away to opening a car door, everything is in a push of a button, so are wallets!
Wallets are a thing of everyday use. No matter the amount of internet banking or payments apps, wallets are what we humans come back to every time. They are a simple yet very useful tool which no one ever forgets to take when leaving home. So, keeping this in mind, GPS wallets are the upcoming rage in the technology. These new products not only provide the basic utilities of a wallet like note and coin keeping, chambers for cards etc but also give something extra. The GPS wallets are extra in the sense that as the name suggests, they enable GPS tracking of the wallet, (watch out pick pocketers!), provided with a layer of RFID protection and some even have the option of consolidating and storing card details electronically and securely, thus getting rid of the card clutter.
Pros of GPS wallets
What’s really great about these wallets are the fact that they are really anti-theft wallets. With the advanced features mentioned above, a pick more pocket will not be able to go far, or even if your wallet is lost, it’s location can be known through the GPS enabled tracking which can be done through the app or otherwise on your smart phone. These wallets are the new hot cakes in the tech world and are gaining huge popularity among the tech geeks.
Coming to the price segments, these smart wallets are slightly priced on the higher end ranging from about 4000 rupees to around 6000. This is because of the premium appeal and the variations including added features such as Bluetooth or even camera enabled wallets. Some wallets also offer solar-powered charging instead of electric, which could explain the slight increase in prices.
One player who’s playing it right in this field is Volterman. Volterman’s wallets also have a built-in power bank to charge your phone on the go along with distance alarm system and global Wi-Fi Hotspot. But this smart wallet is also priced at a premium. It costs $169 dollars which roughly converts to INR 11,830. Other players in this market which are quite good at their game too include Ekster, Woolet, etc. Apart from these, there are others which give all the basic features and price economically too. The thing about these products is also that some manufacturers are still in the prototype stage and require funding while still promising excellent features. Cashew is one such example and is on the Kickstarter funding stage and is open for funding.
So today it’s all about the future. We’ve had smartphones, smart watches, smart TV, and now smart wallets are in and it’s all about the new makeover they’ve got. Give your wallet a touch of the 21st century, get a GPS wallet, and make your wallet smarter than it already is.