Bengaluru, May 30 -- For decades, credit cards have reigned supreme as the default choice for cashless transactions. Sleek, reliable, and packed with perks, they've become second nature to consumers worldwide. But with the rise of digital wallets, we're starting to ask a new question: Are physical credit cards on their way out? Let's dissect it-global trends, security, pros and cons-and find out how the future of payments could be.

The Age of Digital Wallets: A Global Revolution Digital wallets-apps or software-based systems such as Google Pay, Apple Pay, Paytm, and Samsung Wallet-enable users to keep their credit, debit, and even loyalty cards safely stored on a mobile device or wearable device.

Worldwide, digital wallet payments made ...