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Wallet

What is Wallet?​

Wallets allows users to store payment information securely for making online transactions. Digital wallets can store various payment methods, such as credit or debit card details, bank account information, and even cryptocurrency. Users can link their preferred payment methods to their digital wallet for quick and convenient checkout processes.

When a user chooses to pay using a wallet through a payment gateway, the payment information stored in the digital wallet is securely transmitted for authorization and processing. This eliminates the need for users to manually enter payment details for each transaction, streamlining the payment process and enhancing convenience and security for both users and merchants thus enabling One-Click Payments.

Manage Wallet​

Managing a wallet involves tasks such as adding, removing, updating, and organizing payment methods within a digital wallet. Users can manage their digital wallets through various actions, including:

  • Adding Payment Methods: Users can add different payment methods, such as credit cards, debit cards, bank accounts, or other forms of payment, to their digital wallet for future transactions.
  • Updating Payment Methods: Users can update or edit existing payment method information stored in their digital wallet, such as updating expiration dates, billing addresses, name on payment method.
  • Removing Payment Methods: Users can remove outdated or unused payment methods from their digital wallet to declutter and streamline their payment options.
  • Setting Preferences: Users may have the option to set preferences within their digital wallet, such as default payment methods.
  • Making Payment: Users can choose a desired payment method and make a payment