Mobile wallets are digital wallets on your phone. Apple offers Apple Pay for iPhones and Google offers Google Pay for Android phones.
To transfer your payment from your phone to the payment terminal, Near Field Communication (NFC), a recognized industry standard, is used.
NFC communication is done without sharing any bank information. An encrypted authorization is used to make a payment on your behalf. That way your personal payment details are never shared with the merchant, and it’s an even safer way to pay than credit cards.
Digital Wallets work much the same way as an old fashioned wallet. You can scan or manually enter your debit, credit, gift or loyalty card information into the digital wallet on your phone.
Once entered, you complete a transaction by simply holding your phone next to the payment terminal. For security reasons, you have to confirm the transaction by either entering your secret PIN or by using your fingerprint or face ID.
Follow these links if you want to jump straight down to find out how to set up your digital wallets for iPhone and Android.