Vol. 1, Issue 10, Part O (2015)

Abstract
The present era is entering into a new pace in payment system by using digital wallets filled with coupons and offers, In this today’s busiest world people don’t have their time to sit and relax then how can do their personal works like to recharge their phones, to pay electricity bill, insurance or to shop etc. So to make people stress free new application has been introduced i.e. Pay tm or pay u money. People are using this application in their mobile phones in higher percentage and made help them to do their works easier. The present research paper is focusing on the impact of these new digital payment systems on customers and problems encountered if any.