Digital Wallet

A Digital Wallet — often referred to as a mobile wallet or e-wallet — is a sophisticated system designed to securely store users’ payment information and passwords for various payment methods and websites.

It’s akin to a virtual pocketbook that provides a secure, streamlined platform for storing payment information, including credit and debit card details, and even loyalty program data. By employing a digital wallet, consumers can complete purchases swiftly and conveniently, with a simple click or tap.

When used in conjunction with mobile payment systems, a digital wallet enables a consumer to pay for goods or services with a smartphone, bringing digital ease to traditional retail transactions.