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ISSN 2063-5346
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E WALLET: PAYMENT MECHANISM AND ITS SECURITY MODEL

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Bhavna Galhotra1*, Aman Jatain2, Shalini Bhaskar Bajaj3, Vivek Jaglan4
» doi: 10.48047/ecb/2023.12.si10.00400

Abstract

An electronic wallet, sometimes known as an "e-wallet," is a software program that allows users to do financial activities online using computers or smart phones, such as making purchases, paying bills, transferring money, and booking flights. A relatively new idea, the electronic wallet has quickly ingrained itself into consumer culture. After Demonetization, e-wallet company customer bases experienced a sharp increase. Individuals can easily download an e-wallet app in the current environment to make their e-payments conveniently. The majority of individuals prefer using their mobile devices for both online and offline cash transactions since they are so convenient. Due to its distinctive favourable characteristics, it is attracting attention. This document attempts to provide answers to several operational concerns

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