Digital wallets work by storing personal payment information, such as credit card numbers, bank account details, and other data, which can be used to make digital transactions. These wallets act as a virtual container that holds your payment information securely, allowing you to make online purchases with ease, without entering your payment information every time.
When you make a purchase online, the digital wallet fills in the payment information automatically, allowing you to complete the transaction in just a few clicks. Digital wallets can also be used to send money, receive payments, and even store loyalty cards and coupons.
To use a digital wallet, you need to set up an account with a provider such as Apple Pay, Google Pay, Samsung Pay, or PayPal. Once you’ve set up your account, you can add your payment information and start using it to make purchases and manage your finances online.
