A Study on Public Awareness and Usages of E-Wallets with Special Reference to Palakkad City

Abstract

The digital revolution has accelerated the shift from physical to digital transactions, with e-wallets emerging as a key enabler. This paper provides an overview of e-wallets, their components, and their role in the evolving cashless ecosystem. The increasing popularity of e-wallets is driven by factors such as convenience, security, and the push towards a digital economy. While the technology holds immense potential, challenges related to security, privacy, and consumer trust must be addressed for widespread adoption.