What is digital wallet ?

Definition

Digital wallets are mobile apps that store credit card and bank account information. They can be used to make both online and in-store purchases. They eliminate the need to carry a physical wallet full of cash and credit cards to make purchases. Digital wallets are growing in popularity all over the world. That's because they're easier to use and more secure than traditional payment methods. Some are predicting that digital wallets will replace cash and credit cards.