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

Virtual CardLast Updated: August 19, 2025

Meaning A Virtual Card is a digital version of a debit or credit card created for secure online…

Peer-to-Peer (P2P) TransferLast Updated: July 11, 2025

Introduction Peer-to-Peer (P2P) Transfer is a UPI payment between two individuals for personal reasons like rent, gifts, or…

UPI Transaction LedgerLast Updated: November 14, 2025

Definition A UPI Transaction Ledger is a digital record containing details of all UPI payments made and received…

Face ValueLast Updated: December 12, 2025

Meaning & Definition Face value is the original value of a financial instrument like a share or bond…