We have changed our privacy policy. In addition, we use cookies on our website for various purposes. By continuing on our website, you consent to our use of cookies. You can learn about our practices by reading our privacy policy.


Digital Wallet

Categories: Tech, Trading

The virtual "accessory" that stores your payment information and passwords.

It's just a database account, securely...secured. Passwords. Double Dutch Bus checking. Apple Wallet. Android Pay. PayPal. Venmo. Basically, you link up a digital wallet to your bank account, so that when you need to make a purchase, you...can. Easily.

You know that guy swiping his phone ahead of you in line at Starbucks, and then getting his latte without handing over cash or a credit card? Yeah, he doesn't own the place. He just has a digital wallet.

Find other enlightening terms in Shmoop Finance Genius Bar(f)