Question

question 10 of 13
why might a consumer prefer using a digital wallet?
select an answer from the options below.
a no need for a bank account
b convenience and enhanced security
c physical proof of transaction
d lower likelihood of spending more than available

Explanation:

Digital wallets are popular with consumers primarily because they enable quick, contactless payments (convenience) and use encryption, biometrics, etc., for enhanced security compared to traditional payment methods. Option A is incorrect because digital wallets typically link to a bank account or payment source. Option C is incorrect as digital transactions provide digital, not physical, proof. Option D is incorrect because digital wallets can make spending easier, potentially increasing overspending risk.

Answer:

B. Convenience and enhanced security