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Definition: digital wallet


(1) An application that holds a user's cryptocurrency. See crypto wallet and Bitcoin wallet.

(2) An application that holds a user's government-based digital currency. See CBDC.

(3) A mobile application for making financial transactions in a retail store. See smartphone wallet and mobile payment service.

(4) A desktop application for making credit card purchases online without manually entering card numbers. The data either reside in the cloud or are encrypted in the user's computer. Digital wallets may store other ID such as insurance cards and drivers licenses.

Merchant Wallets
To make online ordering painless, for years, large e-commerce sites such as Amazon.com have stored their customers' credit card data on their own servers. See smartphone wallet, mobile payment service, Web payment service, eWallet, identity metasystem, information card, digital coins and Bitcoin wallet.




Automatic Fill-in-the-Forms
This earlier digital wallet saved the user's name, address and credit card data. When placing an order online, it filled in the forms. (Image courtesy of EntryPoint, Inc.)






An eWallet Card
Available for many years on all popular platforms, Ilium Software's eWallet stores all pertinent information for each credit card entered by the user. See eWallet. (Image courtesy of Ilium Software, Inc., www.iliumsoft.com)