Glossary

Digital Wallet

A digital wallet, also known as a mobile wallet or e-wallet, is a software-based system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly with both online and brick-and-mortar retailers. Digital wallets are accessible through apps on smartphones and can also be used on desktops and laptops.

Digital wallets represent a significant advancement in the way consumers interact with the financial and retail environments, offering a blend of convenience, security, and speed that traditional payment methods can't match. As technology advances and adoption grows, digital wallets are set to become an even more integral part of daily commerce.

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