Mobile Wallet

A mobile wallet is a digital application or software service that allows users to store and manage their payment methods, such as credit and debit card information, and make transactions directly from their mobile device. Mobile wallets can facilitate various functions, including making purchases in physical stores using near-field communication (NFC), sending money to friends or family, and enabling online shopping. They often also store additional information like loyalty cards, coupons, and tickets. Mobile wallets aim to provide a convenient and secure alternative to traditional wallets, with features such as encryption and biometric authentication to protect user data. Examples of mobile wallets include Apple Pay, Google Pay, and Samsung Pay.