Digital Wallets: The Future of Transactions

What is a digital wallet primarily used for?

• Printing receipts

• Making transactions without physical cards

• Storing physical cash

• Tracking physical inventory

Which of the following is a key benefit of using a digital wallet?

• Increased physical storage

• Free international calls

• Higher interest rates on savings

• Enhanced security through encryption

How do digital wallets enhance security during transactions?

• By sharing your card number with merchants

• By using a unique token instead of your card number

• By requiring a handwritten signature

• By storing passwords in plain text

What is the first step in setting up a digital wallet?

• Visiting a bank branch

• Choosing a compatible digital wallet app

• Entering your social security number

• Printing a physical card

Which feature helps you manage your finances better with a digital wallet?

• Increasing your credit limit

• Offering free loans

• Providing stock market tips

• Tracking your spending