The Benefits and Risks of a Digital Wallet and Mobile Payment App

Digital wallets, an electronic version of payment cards and accounts, and mobile payment apps have become more popular during the global pandemic. U.S. users jumped from 38 percent to 55 percent of smartphone owners in 2020 because they are more convenient and secure for many consumers. They also help serve an important population: the unbanked and underbanked.  It can be difficult for some households (approximately 7.1 million) … Continue reading The Benefits and Risks of a Digital Wallet and Mobile Payment App