An Electronic Wallet, often referred to as a digital wallet, is a software application that allows users to store and manage their payment information securely. It enables users to make transactions online or in physical stores using their smartphones or computers. Common features include storing credit and debit card details, loyalty cards, and even cryptocurrencies. These wallets enhance convenience by allowing quick payments without the need for cash or physical cards. Popular examples of electronic wallets include PayPal, Apple Pay, and Google Wallet. They often incorporate security measures like encryption and biometric authentication to protect users' financial information.