A digital wallet is an online service, device, or software that enables contactless transactions with minimal effort. One of the main advantages of having a digital wallet is easy and streamlined access to your money without needing to carry a purse, physical wallet, or other payment methods. It also saves you time since the payment process tends to be considerably quicker with a digital wallet than with traditional payment methods.
Digital wallets also help you track your expenses more closely. Every transaction you make is typically recorded and presented on an easy-to-read dashboard. And, a digital wallet offers better security than direct payments. Paying through a digital wallet never reveals your payment information to merchants, and payments can include added security features such as fingerprint scans or face identification.
