This is a very common learner question.
In Romanian, after a preposition, a bare noun like portofel can sometimes sound natural even when English would use the wallet. Romanian often leaves the noun without the definite article in common location expressions, especially when the context already makes the meaning clear.
So:
- în portofel = in a wallet or in the wallet, depending on context
- în portofelul meu = in my wallet
- în portofelul acesta = in this wallet
If you want to make the wallet clearly definite and specific, you would usually say something like în portofelul meu, în portofelul lui, and so on.
So the sentence as given is natural, but the exact English article can depend on context.