Digital Wallets, also known as e-wallet, allows the user to make monetary transaction via electronic device. Bank account and other important document is linked with the digital wallet via internet connected & NFC equipped devices like computer, tablet, mobile. Digital wallets are not merely restricted to money in your bank. It also enables you to store and use the newly emerging cryptocurrency like Bitcoin and others. These wallets consists of both a software as well as information components. Of which, the software provides security and encryption while the information component is a database of information provided by users. The world is using digital wallets aggressively and many more digital wallets are about make their way into the market.