Digital wallets and prepaid wallets serve different purposes
As electronic payments increase, more e-wallets are being rolled out. The latest entrant into this somewhat crowded market is Citi MasterPass, launched jointly by Citibank and MasterCard. This global digital wallet saves your card details, which lets you transact without having to enter these details every time you purchase online. It is different from a prepaid or a virtual wallet. Here’s a look at different types of wallets available.