E-wallet

E-wallets (or just "Wallets") are a type of payment that store encrypted payment credentials, balances, or linked bank accounts, enabling fast online and in-app payments.

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E-wallets (or just "Wallets") are a type of payment that store encrypted payment credentials, balances, or linked bank accounts, enabling fast online and in-app payments. Users authenticate via device biometrics, PIN, or OTP, ensuring secure, tokenized transactions. Merchants benefit from high conversion rates, low fraud, and real-time authorization. E-wallets support top-ups, payouts, and recurring payments, making them ideal for digital commerce, subscription services, and mobile-first markets with strong wallet penetration. Examples include Paypal, Skrill etc.

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