Digital Wallets vs. Traditional Banking: A Battle for Financial Dominance


In the age of technology, the way we handle money has evolved drastically.​ Gone are the days when traditional banking was the only option for managing our finances.​ With the advent of digital wallets, a new player has entered the arena, challenging the long-standing dominance of traditional banks.​ In this article, we will explore the key differences between digital wallets and traditional banking and examine the battle for financial dominance.​

What are Digital Wallets?​

Digital wallets, also known as e-wallets or mobile wallets, are virtual wallets that allow users to store their financial information securely on their mobile devices, such as smartphones or tablets. These wallets enable users to make secure and convenient online transactions, send and receive money, and store loyalty cards and digital vouchers.​

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