E-wallet

An e-wallet, or electronic wallet, is a digital tool that allows users to store payment information and conduct transactions online. It securely holds credit card, debit card, or bank account details and enables users to make purchases, transfer money, and store digital currencies with ease. E-wallets are accessible through smartphones, tablets, or computers, offering a convenient and secure alternative to carrying physical cash or cards. E-wallets are widely used for online shopping, bill payments, and peer-to-peer transfers. They often come with additional features such as rewards, discounts, and the ability to track spending.

Example

Popular e-wallets like PayPal, Apple Pay, and Google Wallet allow users to make payments online and in stores without needing to carry cash or physical cards.