Making cash payments on the delivery of products or in exchange of goods is quite old school. Cash has gradually been replaced by the plastic cards which have helped the economy become cashless making it easy for people as they do not have to carry their money or bags with them. Even better, the introduction of e-Wallet mobile apps has made it, even more, easier as users can now make all payments with the help of their devices. Mobile wallet applications as new ways of payments have come into being with the emergence of eCommerce and making payments contactless in the wake of the global pandemic has given rise to several digital payments companies and eWallet mobile app.
While an ordinary wallet might be stacked with a lot of cards and money, the e-wallets act as a solution offering the users to save their card information in them and make payments simply by scanning a QR code or entering the number of the payee. The money gets deducted from their accounts directly and is transferred to the bank accounts of the payee. This has not only simplified transactions but has also made people quite efficient in making a quick transfer of money.