Mobile wallet

A mobile wallet is a virtual wallet that stores payment card information on a mobile device such as a smartphone. It is designed to enable electronic commerce transactions, making it possible to pay for goods and services with a smartphone at brick-and-mortar stores, online stores, and for person-to-person transactions. Mobile wallets are becoming more popular because they offer convenience, security, and speed, allowing users to make payments anytime, anywhere without needing to carry traditional plastic cards or cash.