Digital Wallet

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Dictionary Says

Definition of 'Digital Wallet'

A system that securely stores users' payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly with near-field communications technology. They can also create stronger passwords without worrying about whether they will be able to remember them later. Digital wallets can be used in conjunction with mobile payment systems that allow customers to pay for purchases with their smart phones. They can also be used to store loyalty card information and digital coupons.

Also known as an e-wallet.
Investopedia Says

Investopedia explains 'Digital Wallet'

By storing all of a consumer's payment information securely and compactly, digital wallets largely eliminate the need to carry a physical wallet. Also, digital wallets are a potential boon to companies that collect consumer data. The more companies know about their customers' purchasing habits, the more effectively they can market to them. The downside for consumers is a loss of privacy.
Search results for

'Digital Wallet'

  • M-Commerce Continues To Grow

    http://stocks.investopedia.com/stock-analysis/2011/M-Commerce-Continues-to-Grow-FONE-NXPI-PAY-AUTH0607.aspx
    ... While our new "recessionary mindset" has increased mobile internet shopping
    and deal hunting, the digital wallet is just getting started. ...

  • Google's Not The Only Player In The Mobile Payment Business

    http://stocks.investopedia.com/stock-analysis/2011/Googles-Not-The-Only-Player-In-The-Mobile-Payment-Business-GOOG-OMX-RSH-MA-T-VZW-S1002.aspx
    ... AT&T along with all the major credit card companies and a so-far-unknown number
    of retailers collectively unveil their version of a digital wallet though, it ...

  • Mobile Payments Could Replace Cash By 2016 - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/Mobile-Payments-Could-Replace-Cash-By-2016.aspx
    ... Carl Scheible, Managing Director of PayPal UK "By 2016, you'll be able to leave
    your wallet at home and use your mobile as the 21st century digital wallet. ...

  • Bitcoin May Be The Currency Of The Future - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0212/Bitcoin-May-Be-The-Currency-Of-The-Future.aspx
    ... Assuming your digital currency was placed in your digital wallet, why
    couldn't you send it out to multiple people at the same time? ...

  • M-Commerce Surges

    http://stocks.investopedia.com/stock-analysis/2012/M-Commerce-Surges-FONE-MC-V-AAPL0112.aspx
    ... This gives MasterCard an edge in the digital wallet space. Similarly, rival Visa
    (NYSE:V) made a large investment in m-commerce firm Square. ...

  • What's Eating Away Your Money? Slideshow | Investopedia

    http://www.investopedia.com/slide-show/eating_your_money/digital.aspx
    ... Make a budget for your digital shopping before you start wildly downloading.
    It all Adds Up. ... Read More »; Airline Mergers And Your Wallet. ...

  • Best Back-To-School Deals - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0711/Best-Back-To-School-Deals.aspx
    ... One perk of back to school shopping that can be advantageous to your wallet is
    "tax ... this year, they've changed the deal to a $100 credit for digital downloads. ...

  • How To Protect Your Smartphone From Identity Theft - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1111/How-To-Protect-Your-Smartphone-From-Identity-Theft.aspx
    ... One source of such reviews is appWatchdog from ViaForensics, a digital forensics
    and ... Mobile Payments Google Wallet is a relatively new app that uses near-field ...

  • Tips For Keeping Your Financial Data Safe Online

    http://www.investopedia.com/articles/pf/07/online-safety.asp
    ... Related Articles. Airline Mergers And Your Wallet. See what it means to
    consumers when airline companies merge. Read More »; 5 Items ...

  • What's Eating Away Your Money? Slideshow | Investopedia

    http://www.investopedia.com/slide-show/eating_your_money
    ... Make a budget for your digital shopping before you start wildly downloading.
    It all Adds Up. ... Read More »; Airline Mergers And Your Wallet. ...

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