word

Digital Wallet

DIJ-ih-tul WOL-et

/ˈdɪdʒɪtəl ˈwɒlɪt/

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Syllable breakdown

digitalwallet

Dictionary meaning

A software-based system that securely stores payment information and passwords, enabling users to make electronic transactions through devices such as smartphones, tablets, or computers, often using technologies like NFC, QR codes, or in-app payments; examples include Apple Pay, Google Pay, and PayPal.

Examples

She tapped her phone at the checkout using her digital wallet instead of pulling out a card.
Digital wallets have surged in popularity as consumers seek faster, contactless payment options.

Synonyms: e-wallet, mobile wallet, electronic wallet

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