Workspaces
Glossary

Digital Wallet

Application that stores payment instruments and enables checkout with tokens or credentials.

POSE-Commerce

A digital wallet stores cards or bank details and presents tokens at checkout. Examples include Apple Pay, Google Pay, and issuer wallets.

Wallets reduce friction and fraud by pairing device biometrics with network tokenization. Merchants still pay according to underlying rails (credit, debit).

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Related terms

Keep learning with these nearby definitions.

Acquirer
Bank or payment institution that signs merchants and routes their card transactions into the card networks.
Apple Pay
Mobile wallet by Apple that tokenizes cards for contactless and in-app payments.
Card Fraud
Unauthorized card use or theft of credentials to initiate transactions.
Card Network
Payment network (e.g., Visa/Mastercard) that sets rules and routes card transactions between issuers and acquirers.
Digital Wallet