• R.V Shilpa Joshi

Mobile wallets are versatile and secure which serves multiple purposes. They can act as a consolidated platform for different types of financial services at your fingertips without having the need to go to a physical bank A digital wallet is a system that stores user’s information and passwords for payment made by using internet as a means. . A digital wallet refers to a platform based on electronic device or online service that allows an individual to make electronic transactions. It is a transformed way to pay for things. It is basically paperless payment method which reduces all the hassle of carrying cash with you everywhere. Many digital wallet services have their own mobile apps. Post demonetization in India, the popularity of digital wallet gains exponentially By using a digital wallet, users can complete purchases easily and quickly through communications technology. They can also create stronger passwords without worrying about whether they will be able to remember them later. They can be used with mobile payment systems, which allow customers to pay for purchases with their smart phones. It eliminates the need to carry a physical wallet, by storing all of a consumer's payment information securely and compactly. They are a potential boon to companies that collect consumer data. The more companies know about their customers' purchasing habits, the more effectively they can market to them. Digital wallets supports developing countries to participate in the global financial system. It also allows participants to accept payments for services rendered, as well as receive funds or remittances from friends and family in other nations. This research elucidates on empirical study. Thus Digital wallets', gained a lot of popularity in recent times in India and around the globe. There are many digital wallets which are currently active in India like Paytm, Freecharge, Jio Money, Airtel Money etc. The aim of this paper is to explore, in detail, about different digital wallets which are very much in use in India and what are their policies and what all measures they take regarding the security of the user data.

e-payment, technology, internet

"Digital wallet", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.650-658, May-2019, Available :http://www.jetir.org/papers/JETIR1905J98.pdf

"Digital wallet", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp650-658, May-2019, Available at : http://www.jetir.org/papers/JETIR1905J98.pdf