Financial Glossary: Digital wallet


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Digital wallet

Digital wallet

Encryption software that conducts secure transactions online in a fashion that resembles using a physical wallet.

A digital wallet (also known as an e-wallet) allows users to make electronic commerce transactions quickly and securely .A digital wallet, functions much like a physical wallet. The digital wallet was first conceived as a method of storing various forms of electronic money (e-Cash), but with little popularity of such e-Cash services, the digital wallet has evolved into a service that provides internet users with a convenient way to store and use online shopping information.

Posted by EBD Group AG

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