My phone is in my pocket. My wallet is in another pocket. What’s the benefit of using one over the other and how it makes life easier?

Electronics World aims to inform, educate and advise by supplying readers with sufficient engineering detail to enable them to understand developments in the electronics industry as a route to their design problem solutions.

One of the most commonly used is digital wallet.

A digital wallet allows a user to make an electronic payment with a financial instrument such as a credit card or digital cash, and hides the low-level details of executing the payment protocol that is used to make the payment.

A mobile wallet is the digital equivalent of a physical wallet: a place to store digital versions of loyalty cards, coupons, tickets, boarding passes and more.


Digital wallets are designed to enhance consumer convenience while conducting transactions at online.

In the current competitive landscape of companies with offerings in the consumer payments arena, one might observe that banks, mobile service providers, retailers, payment brands like Visa and Mastercard, and tech companies such as Apple, Amazon, Paypal, Square, and Google have at least one thing in common amongst them – they’re all competing to be your digital wallet of choice!

India has seen a phenomenal increase in the number of digital wallets and is slowly moving towards being a cashless country.

Mainly there are 3 part for the Digital Wallets :


Considering the multiple e commerce platforms (Websites or Apps) adopt the features to pay money through Wallets.Generally the known procedure of wallet to any customer is adding amount from their bank account to the respected wallet they use.

But does anyone know how exactly wallet Works ?

As everyone knows that is required when one is shopping , Telecom recharge ,Banking etc. Making the choice of the purchased customer move forward for the payment on Merchants website/App and proceed selecting the payment methods.


Considering “CCAvenue” as an example here.

On selection the user is sent to the Payment page of CCAvenue where he selects the payment option and fills the details.

CCAvenue sent the customer and the payment details to the right bank where the bank verifies all the details filled by the customer.On confirmation, bank informs the payment gateway (CCAvenue) about the transaction fail or successful.

CCAvenue passes the customer back to the merchant’s website along with the confirmation whether the transaction has failed or succeeded.

Ending up the customer is shown success or failure on the merchant’s website.