E-wallet is more safe and secure THAN having money in the pocket…

On November 2016 Prime Minister Narendra Modi urge for the digitalization and India to be a cashless economy.But the cashless economy was not the original goal but due to ‘demonization’ which leads to the shortage of notes gave a fillip to “E-Wallets” or “Digital-wallets”.E-wallet is a online payment account where one can store money and it used for making transaction through a computer or smart phones”. An E-wallet needs to be linked with bank account to make payments.The E-wallet segment broadly consists of services related to banking transactions, transfer of money as well as value added services like bill payments, shopping, ticketing,electricity bills, DTH and transport bills and they also are useful in making payments to mom and pop stores who are rajistered with these digital platform.Digital wallet provides more convenient transactions.The experience of purchasing items become quicker and easier which lead to a great sense of satisfaction.it’s a safer method you don’t need to carry cash when you are travelling alone or going abroad.Some kind of E-wallets are Paytm,Google pay,Bhim app,Phone pay etc.