Acceptability of M-wallet System in India

In today's scenario, smart phones have become an important part in day to day activities. As it becomes more affordable, the usage of smart phone users is getting drastically high. Smart phones are not just useful for social media, videos and taking selfies. They have now become an important part of our day to day activities for making payments for various options. The goal of this article is to propose a new technical approach regarding the “e-wallet” concept. The study examines the user acceptability and payment problems encountered by Indians in utilizing electronic banking system. It equally ascertains the contribution of electronic retail payment to the elimination or reduction in problems inherent in the payment process in India The primary purpose of this study is to obtain a picture of the level of acceptance of this technological innovation as a mode for settling bills and making payments.