Digital Wallet

A Digital Wallet, also known as an e-wallet, is a software-based system that securely stores a user's payment information, such as credit/debit card details, bank account numbers, and increasingly, digital assets like stablecoins and cryptocurrencies, enabling seamless and contactless transactions both online and in physical retail environments. This technology acts as a secure, encrypted intermediary between a user's financial accounts and a merchant's point-of-sale (POS) system or e-commerce platform, fundamentally transforming the global payments landscape by prioritizing speed, security, and convenience.