digital wallets

Tap-to-pay apps

Digital wallets are software applications that store payment information electronically, allowing transactions without physical cards or cash.

They hold credit card numbers, bank accounts, loyalty cards, and sometimes cryptocurrency.

Users pay by tapping phones or clicking online: I added my cards to my digital wallet.

Also called e-wallets or mobile wallets.

mobile

Apple Pay

Smartphone payment system

PayPal · tap-to-pay · contactless · NFC · QR code · smartphone · app · in-app purchase · mobile payment

transaction

payment

Fulfilling a financial obligation

funds transfer · peer-to-peer · P2P · merchant · receipt · payment gateway · settlement · remittance · cashless · billing

security

encryption

Converting data into code

PIN · password · fingerprint · facial recognition · fraud prevention · data protection · SSL · cybersecurity · access control · verification

cryptocurrency

blockchain

Cryptographic linked transaction record

altcoin · polkadot · ripple · staking · smart contract · cold storage

virtual

online shopping

Internet-based retail activity

guest checkout · loyalty cards · reward points · gift cards · coupons · membership cards · boarding passes

Categories
Opposites
physical vs. digital form

digital walletsbillfolds

Flat money carriers

coin purses · money clips · wallets · purses · checkbooks

modern vs. traditional payment methods

digital walletspaper money

Currency in bill form

money orders · traveler's checks · barter · cash · cash transactions

intermediated vs. direct value exchange

digital walletsbarter

Direct goods-for-goods exchange

cash transactions · direct exchange · precious metals · gold bullion · trade goods

Family

wallet, digital, digits, wallets, digitize, digitally, digitization, digitized, digitizing

Familiarity
Top 100,000
Profile
Known to kids · Used worldwide · Everyday, not technical · Rated G