What is Digital Wallet and How to use it?

What is Digital Wallet

Digital-Wallet: In this article, we are going to discuss what is Digital-Wallet and how to use it? We briefly discuss the Digital-Wallet or E-Wallet. In this blog, we also see Where can Digital-Wallet and Electronic Wallet use. And in the end, we see some Advantages of Digital-Wallet and some Drawbacks of Digital-Wallet. 

So let’s see the article.

Hello friends, if you pay from your mobile or you know a lot about it then you must have heard about E-Wallet or Digital Wallet or you have posted a post with our UPI that has been mentioned about it. If you have seen or seen anywhere about it, then you must have thought of what this is and what is the work of it, if yes, then you will come to the right place, because in this post we will You will talk about what is the work of Digital Wallet or E-Wallet and why it is used and we will talk about its advantages and disadvantages. Keeping all these questions in mind, let us know about it. In.

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What is Digital or E-Wallet?

Friends E-Wallet's full form is also called Electronic Wallet and Digital Wallet. And as is known to a large extent by the name itself, it is not a physical wallet but a digital wallet that we can use only through our mobile phone or computer. E-Wallet is not necessarily made by any bank, it can also be from a different company like Paytm or Freecharge. Both of these are very popular E-Wallet around us, which you have heard many times before.

What is Digital Wallet

To use E-Wallet, you must have a credit card or debit cards, such as a bank account and its related items because you can use it with the help of these things. In E-Wallet, you have to add money to your bank account, but it is not always connected to your bank account. It is an independent thing in itself, through which you can pay and receive money too.

One of the most important features of E-Wallet is that you can use it at any time by adding money to your own. You do not have to wait a lot while paying money, just pressing some buttons in your mobile and in just a few seconds You will be able to complete your payment.

We can compare digital wallet with a real wallet because in a real wallet we keep money only for payment, not for saving and also in a digital wallet, we do the same thing. Digital Wallet is available in the form of an app or website in which you can add money to your credit or debit card or net banking and because the Digital Wallet bank is not linked to the account. So whenever you put money in it, they are cut off from your bank account.

How to use E-Wallet?

Talking about using E-Wallet, it is very important to have a bank account and a credit or debit card to use it, and after that, you also need to have a mobile phone or a computer. If you have all these things available then you can use E-Wallet or Digital Wallet easily. For this, you follow the steps given below.

First of all, you need to download an E-Wallet app nowadays there are a lot of different types of E-Wallet apps. You can choose any one of these (you can also search for Google on which corner is best). If you want to use it from a computer, you do not have to download it. You can use it by visiting the website related to Wallet.

What is Digital Wallet

After downloading or after opening the website, you will now have to create a new account in which you have to enter your mobile number and email address.

After this, you will have to add money to your wallet, which you can do with your credit card Debit Card or Net Banking (in every E-Wallet you will not be able to see the same options to add money).

Now your E-Wallet is ready to use, which you can use to make payments or make online shopping.

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Where can Digital Wallet be used?

Bill Payment - The feature used by E-Wallet is that you can pay any kind of bill on this, whether it is Bo Electricity or Gas or any other.

Recharge - Using E-Wallet, you can recharge any kind, whether it is mobile or DTH, you can easily recharge both of these types of recharge.

What is Digital Wallet

In Online Shopping - It is also used much in online shopping as we see the option of paying with Wallet in many apps and its biggest example is PayTM mall which gives you the option to pay directly with PayTM Wallet. is.

Cash transaction - As you all know, using E-Wallet, we can make India cashless and use digital currency, through which cash transactions can be easily done.

What are the benefits of E-Wallet?

There are many advantages to using E-wallet but some of them are as follows -

What is Digital Wallet

•  The e-wallet can be sent or received immediately to anyone, it works very fast.

•  When using it, you do not need to share your confidential information such as an account        number or a card number to anyone.

•  A lot of money can be relayed by sitting in the house only.

•  You can use it on your mobile too and it is also very easy to run.

•  If your transaction is fissured by any means, you get their money back immediately.

•  You get daily cash back and related offers from it.

•  Pay any kind of bill immediately.

•  The gate of travel can also help in booking a lot of things.

Some drawbacks in E-Wallet

As you all know, E-Wallet has many advantages but there are some drawbacks in it, some of which are as follows -

What is Digital Wallet

•  Because Digital Wallet is not linked to our bank account, so whenever you send money           through it, it does not go directly to the recipient's bank account.

•  With many E-Wallets, you cannot transfer money to your bank account. You have to do           whatever you need with your E-Wallet, through your E-Wallet.

•  There is a limit on the amount of money you add and you cannot add more money to that        limit.

•  You cannot use it in other countries as different types of wallets are used in every country       and all work in different ways.

Difference between UPI apps and E-Wallet

As you all know, we use UPI apps only for payment and we also use the wallet for a considerable amount of time, here it is known that there are differences between these two types of systems and How is it different from each other, let's know -

What is Digital Wallet

•  The biggest difference in UPI and E-Wallet comes out that UPI based apps are directly connected to your bank account whereas E-Wallet does not connect to our bank account directly. We have to add it to our bank account.

•  Using E-Wallet, we can pay a bill of any type of bill, electricity, telephone, etc. whereas         while using UPI, we cannot do this.

•  Using E-Wallet, we can recharge any kind, whether it is mobile or DTH, while with the help of UPI it cannot be done.

•  Using E-Wallet, we can shop on several e-commerce websites, while with the help of UPI it cannot be done.

•  UPI is directly linked to our bank account i.e. whatever you pay or receive payment from your bank account is directly from your bank account whereas I do not have it in Wallet.

•  The example of UPI is BHIM UPI, Google Tez, etc. Examples of E-Wallet are PayTM Wallet, Freecharge, etc.

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Friends, I sincerely hope that what you have given me is the Digital Wallet. This the information would have been liked in E-Wallet Hindi and information about what is the E-Wallet and why it is used. Now if you feel that this post can also be used by friends, then Please also share them with them so that they also get to know about this and if you want more information like this, then please also follow our social media accounts so that you can follow our latest Trust may be the first.

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