A Comprehensive guide to understanding Digital Wallets
Digital Wallets, also known as e-wallets, are popular prepaid payment instruments used in India and around the world. They are software applications or electronic devices that securely store payment information and prepaid money, enabling cashless transactions. Digital wallets offer convenience and versatility for making payments at physical stores, online purchases, and mobile applications. They require a smartphone with an internet connection, and users must complete KYC (Know Your Customer) verification to access their services.
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