Mobile Wallet

byPaytm Editorial TeamLast Updated: August 12, 2025

Meaning

A Mobile Wallet is a digital application on your phone that stores payment details and allows secure transactions.

Key Features

  • Stores card/bank details digitally
  • Supports bill payments, recharges, and shopping
  • Secure and easy to use
  • Eliminates need for physical cash

It’s a fast and contactless way to make payments anytime.

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