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What do you need to know about e-wallets?
E-Wallets: Electronic Wallets are a kind of electronic card that is used generally for business transactions made online through a smartphone or a computer. Ease of Use: The level of easiness and user-friendliness in using e-wallets, the volume of effort need it to perform transactions.
What is the impact of e-wallets for current generation?
Abstract--- Internet users are growing rapidly day by day around the world. So, the needs of consumers in terms of making payments has changed drastically. Paying cash is a thing of past. Digital payments are making the waves now. E-wallet has become a great potential in the e-commerce market.
How does demonetization affect use of e wallets?
Demonetization has forced a lot of places to accept digital payments. Use of e-wallets helps in moving away from a cash based economy. In the process, all the transactions get accounted in the economy, which has the effect of reducing the size of the parallel economy.
Which is the transactional framework for e-wallet?
This study developed a procedure to discover the transactional framework for the e-wallet payment system in the digital economy. This study explained the procedure of the transaction process, starting from registration of user and service provider, payment composition and profit generation for the business model of e-wallet provider.
Last Update: Oct 2021
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