What Is Credit Card Fraud?
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What Is a Digital Wallet?
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Last Updated: August 20, 2025
Key Takeaways
- Digital wallets store payment information on your mobile phone to use at checkout where they’re accepted.
- Digital wallets encrypt payment information to help keep it secure while processing a transaction.
- Using a digital wallet is typically simple and involves just tapping your phone to a payment terminal that allows this type of transaction.
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