Are Digital Wallets fraud proof?

Digital wallets are more fraud-proof than your physical card due to tokenization, which replaces card account numbers with unique alpha/numeric codes that retain all essential information without compromising the actual card number. Even if a merchant gets hacked, your credit or debit card number is not compromised because your card number was not used. Your payment card information, such as the 16-digit account number found on the front of your card, will be replaced with a digital account number that can be securely stored on devices and used to make purchases. Your credit and debit card numbers are NOT stored on the device. This helps to reduce the potential for fraud.