A mobile wallet securely holds your debit and credit card information digitally on your smartphone, smartwatch or other mobile device. This allows you to make contactless payments without needing your actual cards.
Why should I use mobile wallets and what are the benefits?
- It's convenient! Mobile wallets allow you to make in-store purchases by simply holding your phone near the contactless payment terminal.
- It's safe! Mobile wallets prioritize security by using encrypted codes instead of storing your actual card number. This ensures your card details never reach the terminal reader or merchant, keeping your information safe.
- It's fast! Mobile wallets are often faster than paying with cash or swiping your card.
To use mobile wallets, follow these steps:
- Download the mobile wallet app (it may already be installed on your mobile device).
- Add your debit and credit card information into the mobile wallet app.
- Follow the app instructions to complete the enrollment process. Depending on the mobile wallet you may receive an additional text or email requesting verification.
- Use your mobile wallet to make contactless payments at physical stores or online payments on websites and apps that accept mobile wallet as a payment method.