Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
A digital wallet is a prepaid electronic account that stores money for making payments, transfers, and purchases through a mobile app.
A mobile app account holding money you’ve loaded, ready for quick digital payments.
Regulated as a prepaid payment instrument (PPI) by the RBI; KYC-compliant wallets allow higher balance limits and interoperable transfers compared to minimum-KYC wallets.
A user loads ₹2,000 into a digital wallet app to pay for cab rides and online food orders.
A mobile app account holding money you’ve loaded, ready for quick digital payments.
Digital Wallet helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.