What’s the difference between a digital wallet and a mobile wallet?

Software that allows you to make online purchases.

A mobile app (like Apple Pay or Google Pay).

To ensure that your digital wallet has money in it, you can either top it up before performing transactions or simply link it to your bank account so that money flows directly from one to the other.Ī digital wallet can come in the form of: And with the ability to store loyalty card information and discounts you’ve earned from specific outlets, a digital wallet provides secure, cashless convenience all in one place. You can use it to either make in-store purchases with your smartphone or to buy online. What Does “Digital Wallet” Mean? Digital wallet definition:Ī digital wallet (also referred to as an e-wallet) allows you to conduct electronic financial transactions using digital currency. The best part? With a digital wallet, you no longer have to check to see if you have your physical wallet before heading out the door.

If you’re looking to simplify the many ways you pay for goods and services, a digital wallet could be the perfect option for you.Ĭombining your payment methods into one secure system, a digital wallet may soon become the centre of your financial universe. What is a Digital Wallet and How Does it Work? What is a digital wallet and how does it work? How do I get a digital wallet? And is a digital wallet safe?įor the answers to these and other questions, read on.

Google digital wallet