Mobile wallets are mobile applications that hold a user's credit card debit, or bank account information. Sometimes they also include loyalty program cards. A user can tap their phone to a point of sale device and card information is securely transmitted using Nearfield Communication (NFC) to the retailer for payment (The same technology used in this book). No more credit card swiping!
Facts about mobile wallets.
"The Internet is not just one thing, it's a collection of things - of numerous communications networks that all speak the same digital language."
Mobile Wallets are more popular in India
than any other country