Mobile wallets can make online purchases more convenient by eliminating the need to input your personal information every time you make a transaction. When shopping in stores that accept your mobile wallet, simply hold your device near the card reader when checking out and follow the prompts.
Mobile Wallets can increase the security of transactions since the wallet does not pass payment card details to the merchant. A unique transaction identifier or token is used instead, reducing the amount of personal data that is shared with the merchant. If that merchant's system is breached, your information is less likely to be compromised.