Key takeaways

-Mobile payments are safe - and they are faster and easier than paying cash or using a card.
- You can connect a debit card or a credit card to the digital wallet app in your phone to make mobile payments.

If you have a smartphone, you can use that to pay for things with a wave of your phone. If you have a smartwatch, you can even use it to pay. It's known as a digital or electronic wallet, or eWallet, and if you haven't yet given it a try, you may want to. Not only is it easy to use, it can be faster and more secure than swiping a credit or debit card.

"The convenience of a digital wallet is something that would be useful for most people," says Stefan Ross, vice president of credit card products at Fidelity. "You can quickly, safely, and securely pay for purchases with the touch of a button or, in many cases, your fingertip."

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