NASHVILLE, Tenn. (WTVF) — When you're shopping, say at the grocery store or getting gas, How do you pay? Card or cash? Or something else?
We're talking about digital wallets. More and more people are tapping their phones instead of swiping cards to pay. But what happens if you lose your phone or it falls into the wrong hands?
That's why you want to make sure that you and your money are protected.
Digital wallets are fast, convenient, and increasingly common.
A 2024 Consumer Reports nationally representative survey found that about75 percent of Americans have used digital wallets and of those, about 4 in 10 use one every week.
But that convenience may come with risks...
“If someone gets into your digital wallet, they could access your money in seconds," said Consumer Reports' Lisa Gil