1.
E-Wallet

2.
E-Wallet
• A digital or Electronic wallet refers to an online service that
allows an individual to make electronic transactions.
• This can include purchasing items on-line with a computer or
using a smartphone to purchase something at a store.
• An individual's bank account can also be linked to the digital
wallet.
• They might also ask for driver's license, health card, loyalty
card(s) and other ID documents stored on the phone.
• Eliminating entry and storage of information on a merchant’s
server.

3.
This is how we use E-Wallet
 Download the respective mobile wallet app from the
app store on the mobile device.
 Register for free using an email id & password.
 After logging to your account, choose the payment
method from various options like – credit/debit card, net
banking transfer, ATM transfer, etc.
 You can add money simply to your e-wallet for making
online mobile recharge, DTH recharge, send/receive
money, etc.

4.
Types of E-Wallet in India
 According to RBI, there is three kinds of mobile wallets
–
 closed E-Wallets
 semi-closed E-Wallets
 open E-Wallets

5.
Closed Wallet
 Closed wallet doesn’t provide services like redemption
or cash withdrawal – only can be used for goods and
services for that specific company.
 Online merchants like MakeMyTrip, Jabong, etc. are
some examples of closed wallets.
 In case of any cancellation or to return product your
registered MakeMyTrip or Jabong accounts credited
with the refund amount. This can only use with same
merchant.

6.
Semi-Closed Wallet
 Semi-closed wallets are also similar like closed wallets.
 It also doesn’t permit to redeem or withdraw cash.
 But allows users to purchase goods and services with
listed merchants who have a contract with Wallet
Company to receive payment.
 Paytm, PayUMoney, MobiKwik, etc. are examples of
semi-closed e-wallets.
 Moreover, they are the most downloaded and trending
mobile wallets in India.

7.
Open Wallet
 The wallets that allow users to redeem plus withdraw
cash name as Open Wallets.
 Vodafone Powered M-Pesa wallets is the perfect
example.

8.
Withdraw Cash from Open
Wallet
 First on your phone:
 Select 'Withdraw Cash' from the M-PESA menu.
 Select withdraw option as 'From ATM'
 Enter Agent Number which is 555555 if
you're withdrawing from these ATMs: Pesapoint and
NIC Bank and if you're withdrawing from Equity Bank
ATM use the Agent Number 286286.
 Enter your M-PESA PIN.