Electronic wallet

From ACT Wiki
Revision as of 00:39, 19 March 2023 by imported>Doug Williamson (Add definition - source - https://www.bis.org/publ/othp61.pdf)
Jump to navigationJump to search

1. Payment cards.

A reloadable multi-purpose prepaid card which may be used for small retail or other payments.


2. Information technology.

Any payment arrangement that enables users to securely access, manage and use a variety of payment instruments issued by one or more payment service providers via an application or a website.

The electronic wallet may reside on a device owned by the end-user, such as a smartphone or a personal computer, or may be remotely hosted on a server but still under the control of the end-user.


See also