Digital wallet Definition.
An electronic wallet. There are two types: pass-through wallets (Apple Pay, Google Wallet), where a tokenized card (DPAN) runs over the standard card rails, and staged or balance-based wallets (PayPal, stored-value accounts), which place an account between the customer and the merchant. In France, the OSMP, the Banque de France’s payment security observatory, closely monitors card enrollment in wallets, a known fraud vector when authentication is weak.
See also
Where this term appears
GuideThe four-party modelGuideThe role of banksGuideMerchant, acquirer, PSPGuidePayment schemesGuidePayment regulationGuideFrench fintech: an overviewGuidePayments in GermanyGuidePayments in the BalkansGuidePayments in the Baltics and FinlandGuidePayments in the Netherlands and BelgiumGuidePayments in Germany, Austria, and SwitzerlandGuidePayments in Central and Eastern Europe