A mobile wallet, also called a digital wallet, is an application $($app$)$ that people use to make financial transactions. These apps can be downloaded on users desktops or on their smartphones. When the app is on a smartphone, it becomes a mobile wallet. Mobile wallets replace the need to carry physical credit and debit cards, gift cards, and loyalty cards, as well as boarding passes and other forms of identification. Mobile wallets may also store insurance and loyalty cards, drivers licenses, ID cards, website passwords, and login information. Furthermore, mobile wallets eliminate having to enter shipping, billing, and credit card data each time you make a purchase at a website.Objectives:Discuss the issues related to the security of mobile wallets.