A digital wallet (also known as an e-wallet) is an online service that securely stores your payment information - like credit or debit card details - so you can make electronic payments without needing physical cash or cards. These wallets let you pay online, in apps, or in stores using just your device.
How does a digital wallet work?
When you add a payment method to a digital wallet, your information is encrypted and often tokenized. Instead of sending your actual card number to complete a purchase, the wallet sends a unique secure code - helping reduce fraud risk and speed up checkout.
What kinds of things can a digital wallet hold?
A digital wallet can store things like:
Credit and debit card details
Bank account info
Loyalty cards or membership cards
Tickets and passes. In some systems, IDs and other credentials can also be stored in a digital wallet.
Why are digital wallets useful?
Digital wallets make payments faster, more secure, and more convenient - you don’t need to carry physical cards, and many wallets use things like passwords or biometrics (fingerprint/face unlock) to protect your data.
How does this relate to eCapital’s technology and fintech services?
eCapital operates within the broader fintech ecosystem - where technologies like digital wallets, embedded payments, and other digital finance tools are integrated into business platforms to make financial activities faster and smoother. For example, embedded finance allows digital wallets and payment tools to be integrated directly into software or marketplaces so users don’t need to leave the platform to pay or receive funds.
With our exclusive factoring partner, you can easily access and manage your funds instantly with the eCapital Wallet. Once your invoice is approved, funds can be sent directly to your digital wallet, giving you faster access to your money and more control over how and when you move it.