E-wallets, also known as digital wallets, are online payment systems that allow individuals to store and use electronic money for various transactions. They are essentially a digital version of a physical wallet that allows you to make payments and manage your finances through a mobile app or website. E-wallets can be used to make payments for various services and products, including online shopping, bill payments, and peer-to-peer transfers. They typically offer advanced security measures such as encryption and two-factor authentication to protect your funds and personal information. E-wallets have become increasingly popular as they offer a convenient, fast, and secure way to manage your money online.