What type of software is an electronic wallet (E-Wallet)?

An electronic wallet, often referred to as an E-Wallet, is primarily designed to manage online transactions efficiently. It enables users to store their payment information and allows secure transactions over the internet. This functionality distinguishes it as a tool specifically tailored for financial transactions, including purchasing products and services online, transferring money, and managing digital currencies.

By serving as a digital platform for payment processing, it integrates various payment methods such as credit cards, debit cards, and bank account information, providing a seamless experience for users when making electronic payments. This is why identifying it as a plug-in for managing online transactions accurately reflects its core purpose and utility.

Other software mentioned, like mobile banking apps or budgeting applications, serve different specific functions, such as managing finances or facilitating banking tasks, rather than focusing exclusively on online transaction management. The emphasis on transaction handling in the correct choice captures the essence of what an E-Wallet actually does in the realm of electronic transactions.