7 Reasons to Upgrade to Digital Wallets

Posted by Hudson Heritage Federal Credit Union on Jun 13, 2019 3:23:27 PM

A digital wallet is defined by Investopedia as a system that stores personal payment information and passwords for multiple payment methods. Just like your physical wallet, a digital wallet stores your credit, debit, and other card information. However, all of the information is conveniently located on your smartphone. With 77% of American adults owning a smartphone, extending the convenience of these devices to consumer banking and purchasing habits is a natural next step.

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Topics: My Finances, Safety & Security