Digital wallet is a system that allows individuals to make financial transactions electronically that securely stores users' payment information and passwords for numerous payment methods and websites.
By using digital wallet, users can complete their purchases easily and quickly by linking the individual's bank account to the digital wallet which can be used for booking movie tickets, taxis, flights, events, amusement parks, hotels, shopping as well as purchasing gift cards, They can also be used to store loyalty card information and digital coupons. Digital wallets can be used in conjunction with mobile payment systems that allow customers to pay for purchases with their smart phones. The digital wallets hold the digital cash & the digital certificate with the digital signature, as well as billing, shipping and the payment information for online transactions.
Read Less