Digital wallets payments enable customers to pay by linking a card or bank account. What is a feature mentioned?

Digital wallets payments enable customers to pay by linking a card or bank account. What is a feature mentioned?

• A. Let customers pay electronically by linking a card or bank account; top-ups available.
• B. They require a cash balance on file.
• C. They only work with in-app wallets stored in a device.
• D. They do not support online purchases.

Answer: (C)

Digital wallets store payment credentials inside an app on the user’s device, so customers can pay by linking a card or bank account. The feature highlighted here is that these wallets operate as in-app wallets stored on the device. This means the payment method is managed within the wallet app itself, with tokens and secure storage on the device, enabling fast and convenient checkout without exposing card details. It doesn’t require a cash balance on file, since transactions are funded from the linked card/bank account or from funds already in the wallet, and while many wallets support online purchases, the key point is the device-stored, in-app wallet model.

Digital wallets store payment credentials inside an app on the user’s device, so customers can pay by linking a card or bank account. The feature highlighted here is that these wallets operate as in-app wallets stored on the device. This means the payment method is managed within the wallet app itself, with tokens and secure storage on the device, enabling fast and convenient checkout without exposing card details. It doesn’t require a cash balance on file, since transactions are funded from the linked card/bank account or from funds already in the wallet, and while many wallets support online purchases, the key point is the device-stored, in-app wallet model.