What Is an E-wallet and How Does It Work?
It’s the year 1997, you’re standing in front of a Coca-Cola vending machine in Helsinki. Following the company’s instructions, you send a text message, and your payment is made. The soda can pop out, and you walk away with it. This was one of the first demonstrations of digital payments, which eventually led to the birth of e-wallets. But what is an e-wallet, and how does it work?