digital wallet

[dij-i-tl wol-it, waw-lit]

noun

1. an electronic device, website, software system, or database that facilitates commercial transactions by storing a consumer's credit card, shipping address, and other payment data.

Word History and Origins

Origin of digital wallet¹

First recorded in 2010–15

Example Sentences

That would make entering a PIN even more of a rarity, as smartphones - with extra in-built security - already have no limit on contactless payments via a digital wallet.

From BBC

Ms Takacs also points out that the majority of customers now pay via the digital wallet on their smartphone.

From BBC

The ATM then converts the cash to bitcoin that is immediately transferred to the scammer’s digital wallet.

From Los Angeles Times

On 21 February the criminals hacked one of ByBit's suppliers to secretly alter the digital wallet address that 401,000 Ethereum crypto coins were being sent to.

From BBC

ByBit thought it was transferring the funds to its own digital wallet, but instead sent it all to the hackers.

From BBC