In order to conduct the study the researchers have carried out a primary study using questionnaire consisting of 100 respondents and also have collected secondary data from various sources for the purpose of testing hypothesis. The paper also aims in analyzing the profitability made by the digital payment app companies during the current pandemic situation with regard to factors like inflation, GDP etc. This paper aims to understand the convention of e-wallet by individual for their financial payments. Digital payments or mobile payments have been the most substantial reforms in financial sector. International remittances account for a large portion of GDP in many countries.
It is a method that allows certain overseas individuals to send money to their near and dear ones who live in their native country. Remittances For Digital Transactions From Around The World. The initiative undertaken by the government of India is also one of the reasons for this major change. Also Read: eWallet App Development Guide 10. One such transformational change adopted by individual is the usage of mobile wallets or e-wallets which has become a mode of payment for financial transactions. Digitalization has led to enormous changes that are to be adopted by each individual person in this millennium world.
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