What is E-Wallet, or electronic wallets?

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E-wallets, or electronic wallets, are digital applications or services that allow users to store and manage their money electronically. They enable users to make payments, transfer funds, and store payment information securely on their smartphones or other devices. E-wallets often support multiple payment methods, including credit cards, debit cards, and bank accounts, and are used for both online and in-person transactions, offering a convenient and secure alternative to traditional payment methods.

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