What is a mobile wallet?
A mobile wallet is like having a virtual wallet on your smart phone that stores your debit and/or credit card information and can be used for contactless payment transactions at participating businesses ~ both in-store and online.
Mobile Wallet acceptance is becoming more and more widespread as an alternative form of payment that allows for contactless payments. Additionally, use of a mobile wallet introduces an added layer of security because card information is much harder to steal from a digital card than a physical card. Plus, transactions with a mobile wallet are faster and easier!
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The mobile wallet platform you use will depend on your smart phone device type and preferences.