A Study on Recent Trends in Online Payments – Mobile Wallets

Mobile Wallets form a major recent trend of e¬-commerce and have become a new mode of payment in todays business world. Cash in the electronic form is simplest way to transact from anywhere. In the present study an effort has been made to identify the mobile wallet system in online trading. The emphasis is also on understanding how the online transactions are made. The need of mobile wallets in this app based society and analyse the impact of communication technology on business, society, consumer's behaviour and financial institutions.