Digital wallets are transforming the payment landscape by offering convenience, speed, and enhanced security for transactions. Users can store multiple payment methods, making purchases seamless without entering card details. This technology supports contactless payments, which have surged in popularity due to health safety concerns. Furthermore, digital wallets enable users to manage and track their spending more easily, paving the way for personalized offers and rewards. With the rise of e-commerce and mobile payments, digital wallets play a critical role in shaping how consumers engage in financial transactions while fostering a cashless economy.