Digital wallets, or e-wallets, are electronic wallets, which allow you to make digital payments and can be apps, electronic devices, or online services.
The wallets store digital versions of cards and access codes in complete security to allow payments without entering data. It is also possible to save tickets, electronic vouchers, identity documents, so that you do not have to carry your cards or personal identification with you.
The wallets allow you to make online purchase transactions, contactless payments, withdraw from affiliated ATMs and receive cashback. Depending on whether they are open, semi-closed, or closed, the group of retailers accepting the wallet changes: in the latter two cases, transactions can only be carried out with a predefined group of retailers, or only with the issuer.
A wallet uses software associated with its bank account to transmit payment information to the retailer. Advanced cryptography guarantees the protection of user information: in addition to fingerprint verification, many wallet provide for two-factor identification, or additional security protocols.
Some of the most common and internationally used wallets are: Google Pay, Apple Pay, Samsung Pay and PayPal.
Finally, there are specific wallets for cryptocurrencies. These differ from the others in that do not contain currencies, but they give access to the passwords needed to use them. Crypto wallets can be digital, or physical hardware, and are characterized by great practicality as they allow you to manage your cryptocurrencies anywhere and at any time.
