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

Refund ProcessLast Updated: July 11, 2025

Definition The refund process in UPI refers to the steps taken to return money to a user after…

Pay RequestLast Updated: July 11, 2025

A Pay Request is a UPI-based prompt that allows users to initiate a payment to another user or…

Collect RequestLast Updated: July 11, 2025

Definition A Collect Request is a UPI feature that allows a user to request money from another user.…

Credit Card TokenizationLast Updated: July 31, 2025

Meaning Credit Card Tokenization is a process where the actual card number is replaced with a unique digital…

Instant PaymentLast Updated: September 15, 2025

Meaning Instant payment refers to money transfers that happen in real-time. Once the transaction is confirmed, the money…