The Rise of Digital Wallets: Are They the Future of Payments?
Digital wallets like Apple Pay, Google Pay, and PayPal are transforming payments with speed, security, and convenience. As contactless transactions grow, fueled by e-commerce and biometric security, traditional cash and cards face decline. While adoption is rising, challenges like merchant acceptance, regulations, and crypto competition remain. Still, digital wallets are here to stay, shaping the future of finance.