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.

You May Also Like

USSD Payments (*99#)Last Updated: August 19, 2025

Full Form & Meaning USSD stands for Unstructured Supplementary Service Data. USSD Payments (*99#) allow mobile banking without…

Re-KYC: Full Form & MeaningLast Updated: January 17, 2025

Re-KYC stands for Renewal of Know Your Customer. It is a process where banks or financial institutions update…