Digital Wallet vs E-Wallet

by SMEBOOK (admin) · November 4, 2020

Digital wallets and E-wallets are designated for the same purpose of assisting online transactions. Both are quite similar in nature with one difference as mentioned below:

  • Digital wallets store all your payment information and back it up on the cloud. This information can be accessed and used anywhere anytime to conduct transactions. User’s money still stays within their bank account unless and until a transaction is carried out.
  • E-Wallets are prepaid wallets that store user’s money to carry out transactions. Money can be loaded in these wallets and used as per need.

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Digital Wallet vs E-Wallet

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