Digital wallet, also known as e-wallet, is a virtual wallet that allows a user to store, manage, and transact money electronically.
These wallets enable individuals to make online payments, transfer funds, pay bills, and sometimes even store loyalty cards and tickets. They are often accessed through mobile apps and can be linked to bank accounts or cards for loading money.
In India, some of the top digital wallets include Paytm, Google Pay (G Pay), PhonePe, Mobikwik, Amazon Pay, Slice and many others. Growth of digital wallet transactions in India is quite dynamic, with new players coming in regularly