digital wallet

[ dij-i-tl wol-it, waw-lit ]

noun

1. an electronic device, website, software system, or database that facilitates commercial transactions by storing a consumer's credit card, shipping address, and other payment data.

Word History and Origins

Origin of digital wallet¹

First recorded in 2010–15

Example Sentences

“Enabling California residents to seamlessly add and present their IDs with their iPhone or Apple Watch represents a significant step in replacing the physical wallet with a more secure and private digital wallet,” said Jennifer Bailey, Apple’s vice president of Apple Pay and Apple Wallet.

From Los Angeles Times

Prime among them: a digital ID, kept in a personalised digital wallet for each person to control who it is shared with.

From BBC

District Court of New Jersey, the department said Apple blocked companies from offering applications that competed with Apple products like cloud-based streaming apps, messaging and the digital wallet.

From New York Times

The lawsuit accused Apple of preventing other companies from offering applications that compete with products like its digital wallet; making it easier for iPhones to connect with other Apple products than with those of competitors; and undermining messaging across smartphone operating systems.

From New York Times

It argued that the tech giant prevented other companies from offering applications that compete with Apple products like its digital wallet — which could diminish the value of the iPhone.

From New York Times