Over the past decade, we have witnessed a rapid transformation in the way we make payments. What started from tendering cash and checks for payments evolved into using credit and debit cards to make purchases. This gradual transformation has eventually led to the increasing prevalence of digital payments. The rise of smartphones and the internet has paved the way for the emergence of e-wallets and other digital payment methods. In this article, we will discuss the rise of e-wallets and the future of digital payments. What are E-Wallets and How Do They Work? E-wallets, also known as digital wallets, are software applications that allow users to store, manage, and make digital transactions securely. E-wallets come in different forms, such as mobile wallets, online wallets, and contactless payment systems. E-wallets work by linking a user's bank account or credit card to the app, allowing for seamless transactions without the need to carry cash or cards. E-wallets vs. Traditional Paym