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Digital Wallets offer a quick, easy, and convenient way to pay in-store, online, and in-app, using your phone or other connected devices instead of cash or plastic credit or debit cards. As their popularity increases, it's important to understand how they work.

What is a Digital Wallet?

Digital Wallets contain digital versions of your credit and debit cards that are stored in wallet apps on your mobile device. Some examples of these apps are Apple Pay®, Samsung Pay®, Google Pay™, and PayPal. To help protect your security, your card numbers and personal information are not stored in the apps.

In addition to credit and debit cards, your Digital Wallet can store boarding passes for trains and planes, hotel reservations, coupons, gift cards, and tickets for sports and entertainment events.

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What is a Digital Wallet and how do I use it?

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Key Points

Digital Wallets are apps that store credit and debit card information, allowing you to make purchases with your mobile device.

The apps have become more common as they are easy to use, efficient, and convenient.

Transactions are generally more secure than paying with cash or plastic cards.

Digital Wallets offer a quick, easy, and convenient way to pay in-store, online, and in-app, using your phone or other connected devices instead of cash or plastic credit or debit cards. As their popularity increases, it's important to understand how they work.