How digital wallets work?
by SMEBOOK (admin) · November 16, 2020
Digital wallets work through an app that store user’s payment information like credit or debit card numbers, CVV etc. The user can even store money in digital form. This stored information/ money can be used by the customer at the time of making payments simply by entering pin/ password, biometric sensors in their smartphones or smart devices or NFC technology to carry out a transaction. User can simply go to the app and send money to other persons digital wallet or bank account. Similarly they can receive money in their digital wallet.