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A handbag is nowdays usually functional and designed with fashion in mind.
In British English, a handbag is considerably larger than a Purse, which is a small money container similar to a wallet (but typically used by women) and including a compartment for coins.
Variations of handbags: Purses are traditionally used exclusively by women, though men sometimes carry one as a smaller alternative to a backpack; such a Purse is sometimes self-consciously described as a "murse" or "manbag". It can also be bluntly called a "man-purse".
A medium-to-small-sized bag with a short handle, designed to be carried (clutched) in one's hand is often referred to as a Clutch. A larger Purse with two handles, is often called a Tote.
A Pocketbook is similar to a Purse (in the British English sense), but can be used for the carrying of sheets of paper as well. Purses are also made-up of zari, sterling silver, leather, cloth etc.
A security Purse is great to protect styles-your valuables from travel theft. The purse has an invisible stainless steal strap within the fabric and a covering to cover the zip.
Guide to types of Handbags :
Hobo: There are many different sizes and shapes of this popular woman's handbag/accessory.
Satchel: A satchel is a bag used by many people to carry books, and other objects in. It has a one large strap that goes over one shoulder and across the body.
Other types of Handbag include:
The Duffle: A large bag normally used for travel or sports, The Shopper, and The Cross body.
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