A digital wallet software refers to, an electronic device, or an online service that enables individuals or businesses to make transactions electronically. It stores the payment information of users for different payment modes on various websites, along with other items such as gift coupons and driver's licenses. 

Digital wallets software contain digital versions of your credit and debit cards that are stored in wallet apps on your mobile device. Simply load your eligible credit or debit card via the digital wallet app on your phone. Use it to pay on the go, in app or online.

A digital wallet is a financial account that stores your personal information, such as debit and credit cards, and allows you to safely pay for items through an app or web browser at compatible check-outs.

There are multiple layers of security on the software for digital wallet transactions. Each transaction is protected by the app, retail outlet, credit card company, and the bank or credit union that issued the card. Digital wallets software use one of the more secure payment methods available: tokenization.

Major advantages of Digital Wallet software are:-

• More convenient
• Carry less & Earn more 
• Track your expenditure

The most used Digital Wallet software are:-

• Googlepay
• Paytm
• Phonepe
• Paypal
• Apple Pay
• Amazon Pay
• and many more...