A mobile wallet is a smartphone app that stores credit card and other information in order to make purchases and payments.
What is a mobile wallet?
- This is ranked as the top perk by the majority of users.
- Since we always have our smartphones on us, it would be convenient to avoid having to shuffle through a full deck of physical cards at the register.
- Your risk of getting COVID-19 or any of the several other germs that dwell on payment surfaces decreases when you use a contactless mobile wallet.
- Instead of physically swiping your debit or credit cards, use a mobile wallet.
- When you swipe your card, the magnetic strip may be easily read by any magnetic scanner, making the card susceptible to identity theft.
Your card's actual information is also transmitted when you swipe a card, making it vulnerable to hacking.
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