Digital Wallet
/ˈdɪdʒɪtl ˈwɑːlɪt/
Definitions
- (n.) A software-based system that securely stores payment information and digital credentials for electronic transactions.
The consumer used a digital wallet to complete the online purchase without entering card details.
- (n.) A platform providing legal compliance features for digital currency and identity verification.
Regulators reviewed the digital wallet's compliance with anti-money laundering laws.
Forms
- digital wallet
- digital wallets
Related terms
See also
Commentary
When drafting contracts involving digital wallets, specify security obligations and regulatory compliance to address risks tied to electronic transactions.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.