People have been using cash, credit cards, debit cards and cheques to transact financially for a long time. With the advent of technology and smart phones, consumers now have a new way to transact - known as the e-wallet. In an e-wallet, customers can preload an amount of cash on to the digital wallet from their bank or credit cards; once that is done, they can use the amount to pay to merchants who accept payments from the concerned e-wallet provider.
These are a few e-wallets popular in the Indian market
Showing an example of Paytm