Mobile payments are normally associated with digital wallets or e-wallets. The real meaning of mobile payment is quite similar to this. Mobile payment is a broad umbrella term which includes payments or transfer of funds via mobile devices using digital wallet applications, banking mobile apps, and online payments. Whereas, e-wallets are smartphone applications that can store and manage virtual money and can also facilitate payments for the online/offline services via wallet money as well as banks accounts and cards. Nowadays, e-wallets also provide the users with services like travel tickets booking, movie tickets, mobile recharges, etc.
