2.7 EXIT TICKET- Digital Wallets & P2P Apps Exit Ticket

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1. When sending a payment using a P2P payment account, which information is typically required for the transaction?

• Social security number
• Home address
• Email address or phone number
• Passport number

2. What is the primary purpose of a digital wallet?

• Digital wallets facilitate sharing money within a group
• Digital wallets focus on contactless transactions with businesses
• Digital wallets store cash in digital form
• Digital wallets provide expense tracking for making budgets

3. What precaution can individuals take to avoid falling victim to scams on P2P payment apps?

• Avoid using P2P apps altogether
• Share their account details with friends
• Ignore all text messages from unknown numbers
• Verify the authenticity of communication by contacting the bank directly