The Android Market and Google Play Store release open up the flood gates for many new applications that can be considered a digital wallet. In order to define a digital wallet, we have first to describe a payment-processing device. A wallet allows its users to hold various assets like money, cards, checkbooks, and other objects. The assets to be held by the user will vary depending on the type of digital wallet for android.
OpenWhisper Mobile Smart Wallet
The first type of smart wallet available on the Android Market is the OpenWhisper Mobile Smart wallet. This is a free app that will allow you to transact money through the internet using your cellular phone. This means that you will not have to go through any exchange or conversion to complete a transaction, making this type of smart wallet highly beneficial to someone who is not good with their credit card machines.
PayPal Smart Wallet App
The second type of smart wallet apps for android is the PayPal Smart wallet app. This is available for a fee as well, but it comes with a free trial period that allows you to use the app for thirty days without having to pay anything out of pocket. Using a PayPal account, you can transfer money from any location in the world to any of your debit cards. This type of wallet app makes it easy for anyone to get their hands on all of their money wherever they are at any time, day or night.
Electronic Cash Smartphone Wallet
A popular smart credit card and wallet apps for android are the Electronic Cash Smartphone Wallet. This is the newest offering from PayPal and is currently only available for a trial period of one week. During this period, you will be able to download the app and use it with your android smartphone. You will be able to complete all of your transactions online.
Gem Reserve Mobile Wallet App
The last smart wallet and digital wallet for android are the Gem Reserve Mobile wallet app. This particular application is designed to help you save money by letting you track your spending and budgeting. It will also let you know what your spending is doing and help you make smarter spending decisions in the future. The features of this particular app are handy when you have an upcoming special event coming up. With this specific app, you will know how much you need to spend and calculate precisely how much you will be spending.