What is a Digital Wallet?
Also known as an e-wallet, or mobile wallet, digital wallets can be used by members to pay for purchases on their Visa Debit Card or Visa Credit Card when loaded into their smart device, wherever mobile payment systems are offered.
Members can also store loyalty card information, digital coupons and credentials, and in the future it’s likely they will be able to store all types of digitised information like drivers’ licences and passports, travel cards and building access passes.
Basically a digital wallet will eventually contain everything you currently have in your purse/ wallet (excluding cash) all stored in the one convenient location via an application on your smart device.
How is the payment made?
Payment information from the smart device is passed to the store’s payment terminal wirelessly through near field communications (NFC) as a contactless payment, the same as if you were presenting a payment card with a chip (like you may already do now when you tap your card to pay for something.)
Can Credit Union SA members have a mobile payment app and our Credit Union SA Mobile Banking App on the same smart device?
Yes. You can have a combination of apps on your smart device.
INFORMATION YOU SHOULD KNOW
Android, Google Pay, and the Google Logo are trademarks of Google LLC. Apple, the Apple logo, Apple Pay, Apple Watch, Face ID, iPad, iPhone, iTunes, Mac, Safari, and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries. iPad Pro is a trademark of Apple Inc. Samsung Pay is a trademark of Samsung Electronics Co., Ltd. Fitbit and the Fitbit logo are trademarks or registered trademarks of Fitbit, Inc. in the U.S. and other countries. Garmin Pay is a trademark of Garmin Ltd. or its subsidiaries.