The letter ‘e’ in ‘e-wallet’ stands for electronic. Nevertheless, the basic idea of what an e-wallet is remains the same.Īn e-wallet is an electronic means of accessing and spending your money. Almost every year there is a new and unique application that qualifies to be considered an e-wallet. ![]() Over time the term ‘e-wallet’ has acquired new meanings. Transactions through e-wallets accounted for 40% of the total number of transactions. In 2018 over 2 billion users accessed financial services through smartphones, tablets, PCs, and smartwatches. ![]() We have to break this question into two shorter and specific questions in order to provide an answer that is comprehensive but easy to understand.
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