Digital Wallet

byPaytm Editorial TeamLast Updated: August 12, 2025

Meaning

A Digital Wallet is a virtual tool that stores your money and payment details like bank account or card information. It helps you make secure digital payments using your smartphone or computer.

Key Features

  • Enables safe online and offline payments
  • Stores card and bank details securely
  • Used for recharges, bill payments, and shopping

It removes the need to carry physical cash or cards and simplifies everyday transactions.

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