International Journal of Commerce and Management Research

International Journal of Commerce and Management Research


International Journal of Commerce and Management Research
International Journal of Commerce and Management Research
Vol. 2, Issue 12 (2016)

Digital Wallet: The next way of growth


Basavaraj Nagesh Kadamudimatha

There was a time when transactions happened through barter system. Then notes and coins came. Now the world is moving towards digital wallet. Digital wallet system is integral part of electronic commerce. Electronic commerce provides the capability of trading on the internet. In an electronic commerce environment, payment take form of money exchange in digital form by using digital wallet and are therefore called digital payment. A digital wallet is definitely one of the business options that one will have to explore on the nature. A digital wallet is a virtual service used as a substitute for physical cash. In India Digital wallet created new way of buying products or product class. Digital wallet provides the ability to carry out secure transactions that are very quick and efficient with the click of button. Since last decades the users of internet are growing so this is an opportunity for digital wallet to grow rapidly. After demonetisation in India, people using digital wallet to meet their needs.
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How to cite this article:
Basavaraj Nagesh Kadamudimatha. Digital Wallet: The next way of growth. International Journal of Commerce and Management Research, Volume 2, Issue 12, 2016, Pages 22-24
International Journal of Commerce and Management Research