Digital wallet apps let users replace everything in their physical wallets such as cash, credit & debit cards, important documents like membership cards, driving licence, and store them digitally. This basically enables users to undertake a multitude of transactions. M-PESA in Kenya and AliPay in China are the best example of such wallet apps. However, digital wallets offer more than just payment. Furthermore, digital wallet apps can allow users to cut down their physical wallet contents or eliminate the physical wallet by storing everything digitally.
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