Glossary
E-wallet
An e-wallet is an account with a licensed provider that the payer funds or links to cards and bank accounts and pays from with a login, a code or a tap: PayPal and Apple Pay or Google Pay in the West, GoPay, DANA and OVO in Indonesia, MoMo and ZaloPay in Vietnam, Mercado Pago in Latin America, Kaspi Pay in Kazakhstan. For the merchant the wallet is one integration that hides the payer's funding source, usually without chargebacks in the card sense and with the wallet's own dispute rules.
Two kinds of wallet
Pass-through wallets such as Apple Pay and Google Pay tokenise a card and run a card payment with the wallet’s authentication; the acquirer, the fees and the disputes are the card’s. Stored-value wallets hold a balance under an e-money or equivalent licence, settle to the merchant from that balance, and set their own fees and dispute rules; they often also offer payouts to the wallet.
What merchants gain
Conversion where the wallet is the habit, one-tap payment without card entry, the wallet’s authentication instead of 3-D Secure, and access to payers without cards. The costs are the wallet’s fee, its settlement schedule and dependence on its rules.
On the platform
Tranzify’s catalogue lists wallets by country with their providers and operations; the hosted checkout runs the wallet’s redirect, QR or app flow and Apple Pay and Google Pay natively, and the ledger and reports show wallet payments next to cards and bank methods.
Updated: 2026-11-08