Get Toward A Mobile Digital Wallet

Some other popular digital wallets include PayPal and Venmo, both of which are uniquely social by allowing you to easily send money to retailers and friends. Zelle is another popular option for digital payments that automatically comes with many bank accounts.

Zelle is a peer-to-peer money transfer app that allows users to move funds from one bank account to another. It's among a growing number of mobile payments apps that allow you to pay another person with the click of a button, even if they have an account at a different bank.

So, is there a difference between a digital wallet and mobile wallet? A mobile wallet is simply a specific category of digital wallet technology. However, while a digital wallet can be used on any device, a mobile wallet is accessible through a mobile app.

Some Android phones may not have this feature as part of the Quick Settings menu. Unlock your phone. To find the Quick Settings menu, from the top of your screen, swipe down. To expand it fully, swipe down again. Tap the tile for Wallet. ... You can find and use debit and credit cards that you added.

Venmo is one of the most popular digital wallets. The Venmo app is available for iOS and Android. Venmo allows you to send money to anyone with a Venmo account. You can link bank accounts or cards to your Venmo account as payment funding sources.

Digital wallets are most commonly used to store payment methods such as debit and credit cards, but they can also hold a wider range of digital items, including: Gift cards. Driver's licenses. Plane tickets and boarding passes.

What Is a Digital Wallet Example? Google Pay and Apple Pay are examples of more well-known digital wallets. Both services allow you to access your financial products through your devices and to make purchases.

While digital wallets are inherently safe, you can take precautions to keep your payment information and device secure. The following four S's can help set you up for security and mobile banking success. Always lock your phone and set up separate passwords for your digital wallet and mobile banking apps.