What is Digital Wallet (Mobile Wallet)?
Credit Card Glossary · Updated April 2026
An app like Apple Pay, Google Pay, or Samsung Pay that stores your credit card information on your phone for contactless payments. Digital wallets add security through tokenization — your actual card number is never shared with the merchant.
Frequently asked questions
What is Digital Wallet?⌄
An app like Apple Pay, Google Pay, or Samsung Pay that stores your credit card information on your phone for contactless payments.
What does Digital Wallet mean on a credit card?⌄
An app like Apple Pay, Google Pay, or Samsung Pay that stores your credit card information on your phone for contactless payments. Digital wallets add security through tokenization — your actual card number is never shared with the merchant.
What terms are related to Digital Wallet?⌄
Closely related concepts include Contactless Payment (Tap to Pay), Tokenization. Each of these helps clarify different aspects of the same topic.
Where does Digital Wallet apply?⌄
Digital Wallet is a security concept. It typically appears in the context of fraud prevention and account safety.
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