What are the pros and cons of digital wallets?

What are the pros and cons of digital wallets?

In this digital age, almost everything is accessible with a simple tap on a screen. We have witnessed how technological innovations have transformed the way we live our everyday lives from how we stay in touch to how we pay for things.

These technological advancements have now brought us to a place where we don't even need to carry around a physical wallet to make transactions with the introduction of digital wallets.

Let us look at the pros and cons of the digital wallet.

Pros

Convenience

The digital wallet makes transferring money, shopping, and even paying for gas possible with a tap of a button – saving us a lot of time and hassle.