Digital wallet is a system that allows individuals to make financial transactions electronically that securely stores users payment information and passwords for numerous payment methods and websites.
The government's move on Demonetisation and to call off the Rs 500 and Rs 1,000 notes has come as a bonanza for the digital Wallet and to not cause inconvenience to the public.
Digital wallets largely eliminate the need to carry a physical wallet. There are dedicated digital wallet devices where it's a physical device holding someone's cash and cards along with a Bluetooth mobile connection.
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