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.

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