Global Risks Forum 2025

What Is a Digital Wallet?

A Digital Wallet is an electronic mechanism that enables CRS for MPM on the GCRI network platforms. It allows users to make purchases and services transactions using their network credits: pCredits, eCredits, and vCredits. Digital Wallets can be used to pay for goods and services by either entering a code on associate store gateways or scanning a QR code while making purchases at a store and online.

In addition to being able to make purchases, Digital Wallets can also be used to deposit money into one’s personal and business finance account. It can also be used to validate the identity of various credentials such as PoC, Pow, PoI, and PoA. These documents can then be transferred to a third-party terminal through near-field communication (NFC) technology.

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