The wallet app was originally launched by PayPal in 1998. The first versions of the app were all black and white with a single button on each side of the screen that could be used to send and request money.
The Wallet app allows users to connect their bank account, credit cards, and PayPal accounts together into one unified digital wallet that is easy to use. They can also send money over the mobile network for free or through Bluetooth for about 4 cents per transaction.
Wallet apps are becoming increasingly popular due to their convenience and ability to help users manage their financial transactions quickly, easily, and free from paper or much bureaucracy.