Have you ever heard of digital wallet? Its not a big deal. Digital wallets,
also known as e-wallets, include apps such as Apple Pay, Google Pay, and
Samsung Pay, and can be used to make payments directly on your phone
or smartwatch rather than digging around in your purse, fiddling with your
wallet, and then racing to get your cash or card out. Its also a great way to
make secure payments with your phone.
What is the distinction between an e-wallet and a mobile wallet, you may
wonder? While the two have similar features, the e-wallet can be accessed
on a broader range of devices, such as a desktop, laptop, and mobile
device, whereas the mobile wallet is only accessible through your mobile
device.
HOW WORK DIGITAL WALLETS?
An e-wallet is a secure money management app or online platform that
allows you to make in-store purchases, transfer or send money, and track
rewards programmes. You can link the e-wallet to your bank account or
use a prepay option to pay as you go.
It's easier than you think to replace your physical wallet (which, let's be
honest, contains mostly loose change and old receipts) with a digital wallet.
All of your Summit credit and debit cards can be stored in your digital wallet
right on your phone with a payment app, ready to use online or in stores
where you see the pay wave icon.
It's easier than you think to replace your physical wallet (which, let's be
honest, contains mostly loose change and old receipts) with a digital wallet.
All of your Summit credit and debit cards can be stored in your digital wallet
right on your phone with a payment app, ready to use online or in stores
where you see the pay wave icon. Mobile payments function in the same
way that regular transactions do. All you have to do is wave or tap your
phone to finish. Easy.