An eWallet or digital wallet is an electronic service, which can be used online or on a mobile phone. It securely stores users’ payment information and passwords, allowing them to make and receive electronic payments in-store and online. It can be linked to bank accounts, crypto accounts, and other methods of payment. Some of the most popular wallets are Google Pay, Apples Pay, Ali Pay, and Grab.
Who uses this method? As more and more purchases are being made online, eWallets are growing in popularity as a simple way to manage online and offline transactions. They are popular across all markets.