Evolution of Digital Wallets
The Digital Wallet allow a customer to do an electronic payment with the help of financial instrument like, credit card or digital cash, and covers the low-level details of performing the payment protocol which is used for making the payment. It validates a customer with the utilization of digital certificates or further encryption ways, stores & transfers value and protects the payment procedure from the client to the merchant. It can hold several financial and identification implements. Monetary implements comprise cash, debit & credit cards, and stored value cards while identification includes national or state identification cards and driver’s licenses.