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.

Author

Paytm Editorial Team

The Paytm Editorial Team is a collaborative group of writers, editors, and industry experts. We're dedicated to bringing you the latest insights, news, and guides on digital payments, financial services, and the technology that's shaping India's economy. We offer easy-to-follow guides and insights to help you explore Paytm’s products, features, and services. Our goal is to provide clear, reliable, and helpful information to empower you on your financial journey.

You May Also Like

Digital India ProgrammeLast Updated: January 29, 2026

Meaning Definition A flagship government initiative launched in 2015 to transform India into a digitally empowered society and…

NABARDLast Updated: November 14, 2025

Full Form & Meaning Full form: National Bank for Agriculture and Rural Development. NABARD is India’s development bank…

NPCI MapperLast Updated: July 11, 2025

Introduction NPCI Mapper is a database system that links users’ mobile numbers to their bank accounts for UPI…

KYC NormsLast Updated: December 29, 2025

Meaning & Definition KYC norms are rules that require financial institutions to verify customer identity before providing services.…

Credit Linked Subsidy Scheme (CLSS)November 3, 2025

Meaning The Credit Linked Subsidy Scheme aims to make housing affordable for citizens.Definition and Purpose The Credit Linked…

*USSD UPI (99#)Last Updated: July 24, 2025

Meaning USSD UPI (*99#) is a mobile banking service that lets users access UPI services without an internet…