E-Wallets

A Digital Wallet (or Electronic Wallet) is a financial transaction application that runs on any connected device. A digital wallet refers to software program, an electronic device, online service, that enables individuals or businesses to make electronic transactions  and stores users’ payment data and processes payments   electronically. 

Digital wallets are not only convenient to use in certain cases but also safer than traditional wallets. Users of digital wallets need to download the specific apps created by banks or trusted third parties to avail of the service

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