Question

21. What Is E-wallet,advantages and disadvantages

Answer 1

Answer:

Digital wallet apps are a simple way to store debit/credit cards to authorize payment on your behalf with one tap for all digital platform supported transactions. Digital wallets are ever evolving, often incorporating features that let you have a seamless experience. The advantages of digital wallets

1. A seamless purchase experience

2. Use a card of your choice

3. Enhanced Security

4. Costs

Here are few disadvantages of digital wallets

1. Your digital wallet may not be accepted or compatible everywhere

2. Concerns about security

3. Resistance to change

4. Perceived difficulty in budgeting

Answer 2

Definition:

E wallet also known as electronic wallet. The money we earn or received by anyone are being collected in our personal e wallets of different platforms like paytm wallet etc..

Advantages:

• Available 24/7.
• Time saving.
• Cost of transportation is saved.
• Easy to access.

Disadvantages:

• Cyber security is an issue.
• Knowledge about all these are required.
• Sometimes risky.

hope it helps you.

thanking you

~Geetartha.