UPI Digital Wallet

byPaytm Editorial TeamLast Updated: November 14, 2025

Definition

A UPI Digital Wallet stores money digitally and links with a user’s bank account for seamless UPI payments. Unlike prepaid wallets, it directly enables real-time bank-to-bank transactions.

Use

It helps users make instant payments without entering bank details each time.

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

Mudra YojanaLast Updated: December 29, 2025

Meaning & Definition Mudra Yojana is a government scheme that offers financial support to small businesses through Mudra…

Contactless CardLast Updated: July 31, 2025

Meaning A Contactless Card is a debit or credit card that allows users to make payments by tapping…

Taxation: Meaning and TypesLast Updated: October 14, 2024

What is Taxation? It is a process where the government collects monetary contributions from individuals, businesses and entities…

Payment AggregatorLast Updated: August 12, 2025

Definition A Payment Aggregator is a service provider that enables merchants to accept various payment methods—like cards, UPI,…