An e-wallet, also known as an electronic wallet, is a digital payment service that allows users to store digital currency, such as credit and debit cards, in a secure digital wallet. Within an e-wallet, you can store various items, including credit cards, coupons, plane tickets, and other essentials that you might carry in a traditional wallet. The technology encrypts sensitive information like card numbers and personal data, making it harder for fraudsters to steal your money or identity.
E-wallets offer simplicity, convenience, and safety, allowing you to make transactions with just a click, without the need to manually enter billing addresses or card details. They're commonly used for online shopping, in-store payments, and peer-to-peer money transfers. So, if you're tired of fumbling through your physical wallet, consider giving e-wallets a try!
Some of the e-wallet solutions are: Google wallet, Master Pass, EnStream, Neteller, Swap