Differences Between a Digital Wallet and a Mobile Wallet?

The primary difference between digital wallets and mobile wallets is that mobile wallets allow for contactless, in-person payment at many stores, while digital wallets do not.

Digital wallets are mostly for storage and can be accessed from any device, while mobile wallets are specifically accessible through a mobile app.

Mobile wallets can be used to make contactless payments, withdraw cash from ATMs, and are expected to become more popular in the United States.

On the other hand, digital wallets can be used for ecommerce payments and money transfers.

Both types of wallets offer security features such as password protection, tokenization, and remote data erasure.