UI/UX design for Digital Wallet: An online service to pay and get paid At Swift Technology Pvt. Ltd. - A Final Year Internship Project Report [CSC-452] 

Abstract

Market generally accepts payments through Bank Cards, Internet Banking
or check. The clearance procedure for check payment or Card payment is
long and the Merchant has to wait for a long time to receive payment
confirmation and amount. Payment through internet banking is a better
option compared to card and check payment. Digital wallet is broadly a
common transaction platform. Any member bank, customer, merchant can
use it in the way they wish to transform their business by providing
payment option for customers, mobile wallet, remittance etc. Customers
can pay quickly and easily with just a few clicks through Digital Wallet
Gateway.
As digital wallet is aimed to allow payments and money transfers to be
made through internet, all the access channels have been secured at
software, hardware and network level. Digital wallet is product of services
to facilitate the customers to pay and get paid in it, so what constitute the
major component of it are its customers, merchants and the financial
institutions. The functions is much like a physical wallet which is a
method of storing various forms of electronic money (e-cash). Digital
wallets are stored on the client-side and are easily compatible with most ecommerce
transactions. A server-side is the one that an organization
creates for you and maintains on its servers.