Abstract
Digital wallets and mobile payments are a modern way of making transactions. They allow users to buy goods and services from their mobile devices. This is done by linking a debit or credit card to a mobile payment app. It is a convenient way for transaction, as it eliminates the cash payments or physical credit cards. Additionally, digital wallets and mobile payments are secure, as they use encryption technology to protect users’ financial information. Digital wallets and mobile payments are also beneficial to merchants, as they reduce the risk of fraud and chargebacks. They can also help businesses save money on transaction fees. Furthermore, digital wallets and mobile payments offer a range of additional features, such as the ability to store loyalty cards and coupons. This makes it easier for users to access and use these features while shopping. The study aims the awareness among the consumers about the digital payments and also helps in determining the factors motivating consumers to use digital payments. Digital wallets and mobile payments are a convenient and secure way of making transactions. They allow users to transact through their mobile devices, eliminating the need for cash or physical credit cards. Additionally, digital wallets and mobile payments offer a range of additional features, such as the ability to store loyalty cards and coupons. This makes it easier for users to access and use these features while shopping. Digital wallets and mobile payments are becoming increasingly popular due to their convenience and security. They are particularly useful for people who are always on the go and don’t want to carry around cash or physical credit cards. Additionally, digital wallets and mobile payments are easy to use and can be set up in just a few minutes. Some studies have suggested that digital wallets and mobile payments may be more environmentally friendly than traditional payment methods, such as cash and credit cards. Additionally, researchers have found that digital wallets and mobile payments. Finally, some studies have suggested that digital wallets and mobile payments may have the potential to reduce the cost of transactions and increase financial inclusion. These are just a few of the many exciting developments in the world of digital wallets and mobile payments.
References
1) “Perception towards Indian Consumers towards Digital Wallets” by shipakatti and Amit Angadi published by International E conference on Adaptijg to the New Business normal, Volume 3 December 2020.
2) “Digital Wallets and Mobile Payments: A Comprehensive Review” by Shubham Gupta and Pranav Kumar, published in the Journal of Information Systems and Technology Management, Volume 2021, Issue 1, January 2021.
3) “Adoptiom of Mobile payments systems: A study on mobile wallets” Published in the journal of business economics and finance Volume 5, 2016.
4) “Mobile payment and e-wallet adoption in emerging economies: A systematic literature review” Published in the journal of emerging economics and Inslamic Research, May 2022.