5^th Global Business and Marketing Studies Summit

Digital Wallets

A digital pocketbook also called "e-Wallet" is an electronic device, on-line service, or software package program that permits one party to create electronic transactions with another party bartering digital currency units for merchandise and services. Users may additionally have their driver' license, health care, loyalty card(s) and other ID documents keep within the wallet. The credentials will be passed to a merchant' terminal wirelessly via close to field communication (NFC). Increasingly, digital wallets are being created not only for basic money transactions however to conjointly manifest the holder' credentials.