A digital wallet that keeps online funds is referred to as a "e-wallet." These wallets work exactly like online banking, and users must first load money into their wallets before spending it. Alternatively, they can link their bank accounts to their wallets directly. Payments can be made directly using digital wallets by scanning QR codes or entering the payees' phone numbers. Because of this advanced technology, transaction processing times have been lowered to only a few seconds, allowing users to be more productive while using the app.