E-Wallets in India: Usages and Problem

India is going to became cashless. Indian government launched digital India Campaign to reduce dependency of Indian economy on cash and prevent from money laundering. To making cashless India and increasing trends in using digital payment system various Payment methods are emerging and developing. India is developing country and maximum area is rural and shocking is computer literacy is only 6.5% then question arises that implementation of digital payment system. The cashless system includes digital banking services, Mobile banking services and digital wallets or e-wallets. In the India and all over India some E-wallets are using to make transaction. There are several types of e-wallets are available in the India it is provides different types of offers , cashback and offers to attract the customers. In India students of college or higher education are part of our Economy and it is important to know the impact of digitalization on College students. The research paper is going to examine the effectiveness of E-wallets in the college students. It is also going to focus on problems of e-wallets transaction.