What is an electronic purse?

An electronic purse is the store of value on a card, which can be used in a manner similar to cash to pay for travel or for other small-scale transactions. The electronic “purse” is secure information stored in a dedicated area or file in the smart-card. Two different main objectives are identified for electronic purse:

What is a purse & how does it work?

The purse consists of units that have no monetary value. The units can be equivalent to individual journeys, or to money units. When the card is presented for travel, the number of units required for the applicable fare is deducted. Eventually, when all of the units have been deducted, the card is no longer usable for travel. Transport money.

What is a digital wallet?

(August 2021) ( Learn how and when to remove this template message) A digital wallet, also known as an e-wallet or mobile wallet, is an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and services.

What does WALL-E stand for?

(October 2022) ( Learn how and when to remove this template message) WALL-E (short for Waste Allocation Load Lifter: Earth-Class) is the main protagonist of the 2008 Disney / Pixar animated film of the same name.