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A digital wallet is a payment system that is stored on an electronic device such as a smartphone, computer or tablet. It protects a users’s banking information and allows them to make transactions without having to use cash or a card. This has many benefits; for example, while a thief could steal your wallet and gain access to your credit cards, they cannot do the same with a digital wallet because it is protected through encryption and the password of the device on which it is stored.
Digital wallets are available for both Apple and Android phones. A digital wallet app Android provides a mobile wallet that is specifically designed for Android smartphones and can be downloaded from a site like Google Play. Once installed you can add details of payment methods, such as credit cards and bank accounts, and then use it to make payments online and at physical stores using your smartphone.
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