An E-wallet is a virtual cash wallet can be used for instant payments and other transactions through a mobile application. With the help of Smartphone one can do all the financial transactions now days. With the use of an E-wallet, it has become extremely convenient for a person to make cash less transactions. We can say it as a technology development, but it also gives a boost to business through the development of digital commerce and banking. Even though many companies have cropped up in India, offering consumers this product called ‘e-wallet’. There is still a lack of awareness among the people about the concept and its utility. Young and relatively number of customers are surprisingly, more interested in E-wallets. This paper outlines the awareness level of E-wallets services among Management, Arts, and Engineering students. The study shows the awareness among the students who are using e-wallets. The study carries over the 120 respondents among college students of Coimbatore.