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Finance · FinTech

Digital Wallet

Noun
US US /ˈdɪdʒɪtl ˈwɒlɪt/ GB UK /ˈdɪdʒɪtl ˈwɒlɪt/
Finance FinTech intermediate

Definition

An app or device storing payment information for digital transactions.

Visual Reference

Digital Wallet illustration

Detailed Explanation

Building explanation…

Example

Digital Wallet is transforming how financial services are delivered through technology.

In Practice

Also known as: e-Wallet, Mobile Wallet. Closely related to UPI, Cryptocurrency.

Video Explanation

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Case Study

Digital Wallet - key concept in FinTech.

Word Usage

Contactless payments; E-commerce; Crypto storage

Finance FinTech

Use Case

Applied in FinTech contexts: Contactless payments; E-commerce

Also Known As

fintech

Synonyms

e-WalletMobile Wallet

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