What Is a Digital Wallet?

By Geoff Williams
Edited by Melanie Pincus
Reviewed by Whitney Blair Wyckoff
March 18, 2022

If you want to simplify how you make payments – and you don’t want to rely on physical cash and credit cards – you may want to use a digital wallet, also known as an electronic wallet, e-wallet or, when used on your phone, mobile wallet.

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