What is the difference between a wallet and a purse? I heard that when talking about wallets, 'wallet' can only be used for men's wallets, while 'purse' refers to women's wallets. Additionally, 'purse' can also be used to describe a small handbag for women. Is that so? I would like to know if a wallet can be used as a women's wallet for holding only money. What is the difference between these two terms in British English and American English?
Thank you so much!