A digital wallet is a paperless alternative to printed checkbooks, allowing consumers to store, use, and track funds on.
A digital wallet (or electronic wallet) is a financial transaction application that runs on mobile devices. It securely stores your payment information and passwords. These applications allow you to pay when you're shopping using your device so that you don't have to carry your cards around. You enter and store your credit card, debit card, or bank account information and then use your device to pay for purchases. Digital wallets are applications designed to take advantage of the capabilities of mobile devices to improve access to financial products and services. Due to their ability to safely and conveniently store all of a user's payment information, digital wallets effectively do away with the need to carry a traditional wallet.
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