7+ Best Digital Wallet Apps: Top E-Wallet Picks for 2025

It’s 2025, and cashless is the new cool! In the last few years, we have witnessed digital wallet apps taking over the market, especially after Covid 19, and cashless payments became all the rave. Almost all of us are acquainted with the best digital wallet apps and use them daily for online shopping, bill payments, and splitting with our friends. A survey in 2023 showed that almost 53% of Americans use digital wallets daily, and the numbers are steadily increasing. And why would they not? Digital wallets offer a safe, easy, and fast solution for making cashless payments on the go!

Are you wondering which best digital wallet apps should you go for? Then this blog is perfect because we will discuss some of the top apps in the US, their security measures, user-friendly features, customer support, and a lot more! Let’s get started.

What are Digital Wallet Apps?

Digital wallets or electronic wallets are software or applications that help with cashless payments through your mobile or digital devices. You can connect them to your bank accounts and they help in storing money, making payments to friends or retailers, paying bills, booking tickets, and a lot more. They can be accessed through your mobile phones, in a few smartwatches, and even on your computers. With digital wallets, you do not have to carry your cards and cash around all the time, and they provide a fast and hassle-free payment solution.

Besides your financial information and money, you can also use digital wallet apps to store gift cards, coupons, loyalty cards, membership cards, ID cards, hotel reservations, flight and train tickets, movie tickets, cryptocurrency, and much more!

How Do Digital Wallets Work?

All you have to do is enter your bank account and other financial details with your digital wallet and done! You can access it anywhere using your mobile phone, given you are connected to the internet so that you can transfer or receive payments securely. Here are some of the technical methods through which you can send or receive money through the best digital wallet apps:

• QR Codes: QR codes are matrix bar codes that store your or a retailer’s account details and information, and you can scan them on your phone to make payments easily.
• Near Field Communication (NFC): NFC payments are cashless transactions that can be from one mobile device to another when both are in close proximity.
• Magnetic Secure Transmission (MST): This technology is mostly used in Samsung devices. The mobile device emits a magnetic signal that is similar to a magnetic stripe on payment cards, and this signal is sent to the terminal card reader, and the payment is processed as if a card is swiped.

Now that we have explored the different technologies that digital wallets use for processing and receiving payment, let us explore some of the best digital wallet apps of 2025.

The Best Digital Wallet Apps for 2025

1

Google Pay

Google Pay, better known as GPay, is one of the most popular and best digital wallet apps that use NFC technology for processing payments. It helps you with effective contactless transactions to split payments, book tickets, send and receive money, bill payments, recharge your phone, and a lot more. You can avail of its quick and easy UPI features for sending and receiving money by scanning QR codes and through your unique UPI ID.

It ensures and prioritizes user safety with multi-layered security measures, strong encryption, and tokenizing cards and helps protect your transactions and sensitive information. It works in 28 countries and one of its most impressive features is SoundPod which provides audio cues to users throughout the payment process and promotes accessibility, especially to users with visual impairment. No wonder it is the best digital wallet apps!

Key Features

• Helps in contactless payment transactions and helps you send and receive money, split payments, pay bills, recharge your mobile phone,

• You can avail of easy and secure one-tap payment for in-app purchases from the Google Play Store.
• It is one of the best digital wallet apps and it maintains a detailed history of all of your past transactions to help you manage your expenses.
• You can get lots of perks and rewards like cashback, loyalty cards, offers, transit passes, and a lot more from Google Pay.
• One of the best digital wallet apps, you can avail of its quick and easy UPI features for sending and receiving money by scanning QR codes and through your unique UPI ID.
• This best e-wallet app ensures and prioritizes user safety with multi-layered security measures, strong encryption, and tokenizing cards and helps protect your transactions and sensitive information.
• They have recently introduced the SoundPod feature that provides audio cues to users throughout the payment process and promotes accessibility, especially to users with visual impairment.
• You can get ample resources and troubleshooting support from the Help Center, Helpline, and different online forums and communities.

Pros and Cons

Positive

• Fast, secure, and easy to use.
• It can be used by both Android and iOS users,
• You can use multiple payment methods for transactions.
• Provides multi-level security measures to protect your sensitive information and financial details.

Negatives

• Some banks do not accept Google Pay
• Bank transfers take a longer time.

Year Founded2017

FoundersSujith Narayanan
Sumit Gwalani

HeadquartersMountain View, California, United States

Company Size10,000+ employees

2

Apple Pay

Apple Pay, from Apple Inc., is one of the best digital wallet apps in the market meant exclusively for iOS users. So if you own an Apple phone, iPad, or Smartwatch, then you can access it easily for contactless payments. Setting it up is a cakewalk, and it provides ample security features like strong password protection, two-factor authentication, tokenization, Touch ID and Face ID setup, etc. You can use some of the robust features of this electronic wallet like Apple Card and Apple Cash for easily making payments and also earn some impressive rewards and perks!

Key Features

• It is one of the best digital wallet apps and only meant for Apple and iOS device users.
• Setting up and getting started with Apple Pay is a cakewalk, especially if you are using iPhone 6 or later. You have to set up a strong passcode, Touch ID, and Face ID, and take a picture of your card, and set it up in a minute. It’s a quick and simple process!
• It is one of the best digital wallet apps, and that’s why a lot of famous supermarket chains and stores accept Apple Pay, like Walgreens, Gap, American Eagle, Gamestop, and White Castle, and there are lots of payment methods to choose from.
• You always get a notification on your phone whenever you make a purchase to check that it was you who made the purchase.
• The Apple Card feature is very impressive if you are looking for something that eases out your payment processes and helps you earn rewards. It is easy to sign up for, fast and secure to use, and provides you 2% cashback on most payments, and 3% on Apple Store purchases and select retailers.
• You can avail of some accessible and useful features from the Apple Wallet app that helps you store and manage information like movie tickets, boarding passes, game tickets, gift cards, loyalty programs information, etc. in one place, so you can access them easily.
• Apple Cash helps you send and receive money from friends and merchants easily and manage your money with a virtual debit card that doubles as a virtual payment card and fund transfer service.
• One of the best digital wallet apps, it provides ample security features like strong password protection, two-factor authentication, tokenization, and Touch ID and Face ID setup, etc.

Pros and Cons

Positive

• Lots of features for a fast and secure digital wallet app.
• It is easy and quick to set up and start using.
• Connects well with Siri and Apple Watch to promote better accessibility and ease of use.
• Provides ample customer service through their online support and 24/7 helpline number.

Negatives

• Only iOS users can avail of it.
• It is only available for select banks and cards, and not available with many merchants and retailers.

Year Founded2014

FoundersTim Cook

HeadquartersCupertino, California, United States

Company Size10,000+ employees

3

Venmo

Are you tired of the boring nature of virtual wallet apps? Then Venmo is here to shake things up a bit. It incorporates social media features to the otherwise boring nature of e-wallet apps, and this is what sets it apart. Venmo was recently acquired by PayPal, so it ensures the security of your financial processes with advanced security systems and encryption. The app keeps track of your past transactions of cash payments and receipts, and you can use it as a virtual wallet to store money. You can use this best digital wallet apps on Android and iOS devices and also access it from the web, so it is a very handy and hassle-free to use.

Key Features

• You can access Venmo from Android, iOS, and the web.
• It is only meant for users above the age of 18, but young teenagers from the age of 14 to 17 can open a “Teen Account”
• The sign-up process is easy and you can easily set up your banking details to get started. If you sign up from your Facebook Profile, you can import it on Venmo to create a list of potential friends for transactions and bill splitting.
• Venmo was recently acquired by PayPal, so it ensures the security of your financial processes with advanced security systems and encryption.
• It is one of the best digital wallet apps and it integrates with Siri for iPhone users to have a seamless experience and accessibility.
• The app keeps track of your past transactions of cash payments and receipts, and you can use it as a virtual wallet to store money.
• Your Venmo audience may get to know about your payment transactions, but you can change the privacy settings so that it is no longer visible to them.

Pros and Cons

Positive

• You can access Venmo from Android, iOS, and the web.
• Venmo attempts to make the online cash transaction process more fun and social.
• As it was recently acquired by PayPal, it provides pretty solid security.
• You can access their customer services via chat, phone, and email.

Negatives

• There is a 3% transaction charge for using a credit card.

Year Founded2009

FoundersAndrew Kortina
Iqram Magdon-Ismail

HeadquartersNew York, United States

Company Size201-500 employees

4

PayPal

PayPal is one of the best digital wallet apps and an online payment solution to lots of users worldwide. It works in over 200 countries using its own Xoom service, so you can remain quite sorted when it comes to international payments as well. It provides an easy, secure, and accessible solution to make and request payments from friends, make payments to websites, and also some select stores. You can use the PayPal Key, Money Pools, QR code, and lots of other features to ease your cashless payment processes and store your money in a reliable virtual wallet.

Key Features

• Provides an easy, secure, and accessible solution to make and request payments from friends, make payments to websites, and also some select stores.
• Both Android and iOS users can access it easily from the app.
• It is one of the best digital wallet apps as it is easily available for payments of websites and apps.
• However, it charges 2.9% for making transactions using a credit card, and the same charge is applied for using a debit card, selling something, or requesting money from someone using a credit card.
• The PayPal Key feature helps you with a credit or debit card number that you can use to make payments on websites that do not have the PayPal payment button.
• You can set up Money Pools for splitting payments and bills with friends.
• It provides the QR code feature that you can use to scan and send money to others, and vice versa. You can also get a PayPal.me address with a unique URL for receiving money from others
• PayPal eases international transaction as it works in over 200 countries, using its own Xoom service.
• The PayPal Purchase Protection policy provides a strong guarantee that you either receive the goods and services that you paid for through PayPal, or get your money back. They also ensure high-level encryption and protection of your financial details during transactions.

Pros and Cons

Positive

• Both Android and iOS users can access it easily from the app.
• PayPal eases international transactions as it works in over 200 countries, using its own Xoom service.
• Provide strong security and money-back guarantee.
• You can contact customer support through Message centre, website, and the PayPal app.

Negatives

• Does not offer NFC payments
• Charges steeply for credit card transactions.

Year Founded1998

Founders Ken Howery, Luke Nosek, Max Levchin, Peter Thiel, Yu Pan, Russell Simmons, Elon Musk

HeadquartersSan Jose, California, United States

Company Size10,000+ employees

5

Samsung Pay

If you are a Samsung device user, then Samsung Pay will be your best digital wallet solution. It is compatible with all Samsung mobile phones and watches, and comes pre-installed in many models as well. It is one of the best digital wallet apps to look out for and works in over 17 countries.

Regular transactions through Samsung Pay help you receive many perks like reward points, and get gift cards and membership cards for lots of things like store loyalty cards, gym memberships, airline frequent flier programs, and more. You can use Samsung Money by SoFi which doubles up as a bank service and also helps you pay interest, and you can get user perks like up to 30% off on Samsung products. So it is rightly one of the best digital wallet apps that provide you great usage and accessibility with some cool discounts.

Key Features

• It is only compatible with certain Samsung mobile devices and watches.
• We found it quite easy to set up and use and it comes pre-installed in many Samsung mobile phone watches.
• You can use Samsung Money by SoFi which doubles up as a bank service and also helps you pay interest, and you can get user perks like up to 30% off on Samsung products.
• Regular transactions through Samsung Pay help you receive many perks like reward points, and get gift cards and membership cards for lots of things like store loyalty cards, gym memberships, airline frequent flier programs, and more. This is why it is one of the best digital wallet apps.
• Besides the US, Samsung Pay works in over 17 countries.
• It is one of the best digital wallet apps, and ensures ample security measures through tokenization, biometric verification, and bank fraud protection.

Pros and Cons

Positive

• Besides the US, Samsung Pay works in over 17 countries.
• Ensures security measures through tokenization, biometric verification, and bank fraud protection.
• Besides the US, Samsung Pay works in over 17 countries.

Negatives

• The design and interface looks more cluttered and busy than other digital wallet apps.
• Does not let you send money to friends and contacts.

Year Founded2015

FoundersHan Jong-Hee

HeadquartersSuwon, South Korea

Company Size200+ employees

6

Cash App

Are you looking for a virtual wallet app for stock trading and buying bitcoins and cryptocurrency? Then you must try out Cash App. One of the best digital wallet apps, it supports contactless payment with the Square mobile card reader by just scanning the QR code. Although it has a $250 transaction limit per week for unverified users, it is still a very handy and fast solution for cashless transactions.

Key Features

• It works only in the UK and the US.
• Very smooth and easy sign-up process and you can get started immediately.
• Has a simple and effective user interface that lets you transfer money through Face ID or by scanning the QR code.
• Users can send up to $250 in 7 days and up to $1000 in 30 days. You can increase this limit by verifying your account with your social security number and that will allow you to send up to $7500 per week and receive an unlimited amount.
• One of the best digital wallet apps, it supports contactless payment with the Square mobile card reader by just scanning the QR code.
• The $CashTag service allows you to send money to other $CashTag users by scanning their URL.
• You can use it to purchase bitcoins and stocks, and the app keeps you updated with the market prices and the latest news when the stocks are hot.
• It is certified with PCI DSS and ensures to maintain high-security standards.
• It is one of the best digital wallet apps and provides ample customer support through their helpline and resources.

Pros and Cons

Positive

• Very smooth and easy sign-up process and you can get started immediately.
• Provides a good user-friendly interface.
• It is certified with PCI DSS and helps maintain high-security standards.
• You can use it to purchase bitcoins and stocks, and it makes filing taxes easier.

Negatives

• Only for UK and US users and does not support international currencies.
• Without profile verification, you can send up to $250 in a week.

Year Founded2013

FoundersBob Lee

HeadquartersSan Francisco, California, United States

Company Size1000-5000 employees

7

Dwolla

Dwolla is one of the top-notch e-wallet apps that offer robust features like swift bank-to-bank transfers, flexible transaction options, and same-day or next-day ACH services. One of the best digital wallet apps, it helps you arrange scheduled and recurring payments so that you do not miss your bill payments. With a state-of-the-art infrastructure and ample transaction options, Dwolla also provides seamless integration with different third-party apps like Slack, Plaid, Sift Science, and QuickBooks to ease out your banking processes.

Key Features

• It is only available in the United States.
• One of the best digital wallet apps, it helps users to accept ACH payments as an alternative to cash, debit and credit cards, and cheques.
• You can easily sign up and set up your digital wallet to store funds and make payments easily and swiftly.
• Allows you to go through two verification processes to verify your account and ease your payment process. Verified users can make up to $5000 transfers per week from their digital wallet.
• Helps you arrange scheduled and recurring payments so that you do not miss your bill payments.
• Integrates with different third-party apps like Slack, Plaid, Sift Science, and QuickBooks.
• Provides lots of security measures to ensure that your sensitive financial data is protected and encrypts all the information to prevent any infiltration.
• Dwolla is one of the best digital wallet apps and offers ample customer support features, like annually contracted customers can access a support team and direct contact with developers and account managers. You can also get help from their chatbot and email support.

Pros and Cons

Positive

• Helps users to accept ACH payments as an alternative to cash, debit and credit cards, and cheques.
• Easy verification process.
• Integrates with different third-party apps like Slack, Plaid, Sift Science, and QuickBooks.
• Ensures user safety and security.

Negatives

• Available only in the US.
• Has a payment limit of $5000 per week for verified users.

Year Founded2008

FoundersBen Milne

HeadquartersDes Moines, Iowa, United States

Company Size51-200 employees

Final Thoughts

Ever since Covid 19, contactless and cashless transactions have been all the rave, and for the right reasons. The best digital wallet apps provide a fast and secure solution to transactions and payments, and now you don’t even have to carry cash and cards everywhere with you! These best digital wallet apps, equipped with the latest technology, is here to solve all of your online transaction issues!