information About Digital Wallets - explained

What is a Digital Wallet?

A Digital Wallet is also referred to as an e-wallet. It stores the details on a secure database, of all online financial transactions made by the wallet owner or controller. This includes securely stores payment information and passwords.

These wallets enable you to link accounts and use mobile applications for payments with your smartphone or tablet, when shopping etc, instead of using debit and credit cards.

Some companies who provide digital wallets include, Alipay, Google Pay, American Express, Apple pay, Microsoft Wallet, Samsung Pay and many more.

Most will charge fees, except for O-Wallet by ONPASSIVE which will not add any additional fee and will process all common Fiat currencies, and most recognised Cryptocurrency, such as Bitcoin, Ethereum and other Altcoins.

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