It is not possible to name a single popular digital wallet for all of Europe as the existing services are heavily country-specific and depend on the type of transaction. Apple Pay and Google Pay dominate the in-store contactless payments in different regions while PayPal leads in online transactions. Besides, the regional wallets have a strong presence in their local markets.
Yes! You can make use of digital wallets like Google Pay and Apple Pay in Europe as their acceptance is widespread. Other widely used options include PayPal which is popular for online transactions and in certain countries like Germany. It is suggested to check the compatibility and permit travel mode before your trip. It is helpful to carry a backup payment method like a credit card or a debit card.
To set up a digital wallet, simply download your phone’s pre-installed wallet application from the app store and open it. Select the option to add a new payment card through the on-screen prompts to enter your card details. You will need to verify the card with your bank and set up a screen lock security feature for your wallet.
Yes! Europe is implementing a standardized EU Digital Identity Wallet which is a mobile app. It allows EU citizens and residents to prove their identity and store digital documents securely across all member states. The EUDI wallet is a part of the eIDAS Regulation and requires each member state to offer a wallet to each citizen by 2026 with worldwide acceptance.
The risk of digital IDS includes the security breaches/ identity theft from compromised wallets/ potential tracking/ the privacy violations due to the data collection by wallet providers and potential tracking/ increased surveillance capabilities for government/ and other access. Other risks involve the loss/theft of the physical device which leads to unauthorized access/ phishing attacks/ biometric vulnerabilities/ data misuse/ and potential digital exclusion of marginalized groups who lack digital literacy.
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