Introduction In recent years, our phone has become our personal assistant, entertainment platform, life documenting device, an extension to our desktop, and a common, convenient, and fast payment method. In the last decade, more and more digital payment applications have emerged, competing with credit card companies and it seems like it is only a matter of time before cash disappears from our world. With new technologies, appear new threats and for this report, we investigated the interest of threat actors in digital wallets such as Google Pay, Samsung Pay, and Apple Pay to understand their intentions as well as gain a better knowledge of digital wallets vulnerabilities DEFINITION: A digital wallet, AKA e-Wallet, is a software application that allows making electronic transactions with another party bartering digital currency units for goods and services. 1 How Digital Wallets Work Digital wallets use near-field communication (NFC) to pass credentials and allow contactless payment. To use the digital wallet, you can either deposit money into the digital wallet, or you can link your credit card or bank account to it. The concept of digital wallets has been around nearly since the first days of online commerce, but the trend of in-store payments only emerged with Apple Pay, in September 2014. Google has its own digital payment application ‘Google Pay’, and in 2016 it launched the mobile Hands-Free application, which allows payment without a card or a phone, but requires that the customer’s initials and verified photo are uploaded on to the application in advance. Samsung’s payment app, Samsung Pay, was first released in August 2015. In 2020, there have been more than 779 billion digital transactions worldwide. 2 According to a research done by PYMNTS 3 , the share of consumers with Apple Pay compatible iPhones has continued to climb over the years and reached 36% in 2020. 1 https://en.wikipedia.org/wiki/Digital_wallet 2 https://www.capitalontap.com/en/blog/posts/the-rise-of-digital-wallets/ 3 https://securecdn.pymnts.com/wp-content/uploads/2020/04/Mobile-Wallet-Adoption-2020-April.pdf