digital wallet
A digital wallet is a software application that allows users to store and manage their payment information, such as credit and debit card details, securely on their devices. It enables users to make transactions online or in physical stores using their smartphones or computers, often through contactless payment methods.
Digital wallets can also store other important information, like loyalty cards, coupons, and tickets. Popular examples of digital wallets include Apple Pay, Google Pay, and PayPal. These tools enhance convenience and security, making it easier for users to handle their finances without carrying physical cash or cards.