Mobile Wallet (mWallet, m-Wallet)

Mobile wallet refers to the functionality on a mobile device that can interact securely with digitized valuables. It includes the ability to use a mobile device to conduct commercial transactions in the physical world.A mobile wallet may reside on a mobile device or on a remote network/secure server. Alongside the ability to undertake payments, the Mobile Wallet may contain other content, such as identity, commerce and banking services, transport and other tickets, retail vouchers and loyalty programs.