digital wallet

noun

plural digital wallets

: an app or app feature (as for a mobile device or web browser) used to digitally manage a user's funds and/or store a user's important information (such as credit cards, driver's license, event tickets, etc.) : wallet sense 4a

The app allows the user to hang on to a balance in her digital wallet and, at any time, cash it out to her bank account.

—Felix Gillette

Sun also wants to protect voters who make campaign donations online or purchase a bumper sticker with a digital wallet. Stored payment information like credit card numbers serves as an attractive target to criminals.

—Chris Barrett

For faster and more efficient gate access, fans should add mobile tickets to their digital wallet.

—Kevin Brockway

Examples of digital wallet in a Sentence

Recent Examples on the Web

This includes enabling two-factor authentication (34 percent), changing passwords more often (34 percent), declining to save payment details (25 percent), switching from debit to credit cards (24 percent) and using digital wallets (21 percent). — Arthur Zaczkiewicz, Footwear News, 2 Nov. 2026

Abbott said that Accenture research found that 65% of consumers are open to using a GPT-like financial assistant through a Gen AI platform or digital wallet, and 71% would welcome an AI assistant embedded within their primary bank's mobile app. — Kevin Williams, CNBC, 1 Nov. 2026

Binance, the world’s largest cryptocurrency exchange, has suspended withdrawals after hackers broke into its digital wallets and stole $6 billion in what appears to be the biggest crypto heist ever. — Sean Lyngaas, CNN Money, 30 Oct. 2026

Investors connect their digital wallets and submit a sale, while Fission handles the legal and trading mechanics behind the scenes. — Camila Grigera Naón, Fortune, 15 Oct. 2026

Word History

First Known Use

1993, in the meaning defined above