The advanced wallet, which is additionally called M-wallet, portable wallet, or E-wallet, alludes to a versatile innovation that is utilized in like manner to a genuine wallet. The E-Wallet gives a reasonable answer for any business hoping to permit clients to buy their items online without hardly lifting a finger, in this way hefty deals. As digital payments are increasing day by day it is expected to increase by $500 billion by 2020 according to a study. After demonetization, the Digital wallet has seen immense growth. In any case, India's few people do wonder whether or not to do the online exchange and pay through an E-wallet. The research aims to know the awareness of students towards Digital wallets and to find out the factors influencing the usage of Digital wallet. The examination depends on both Primary and auxiliary information where essential information was gathered from 100 students with non-probability sampling thru a well-structured questionnaire with a five-point Likert scale consisting of various aspects of digital wallet and secondary data was collected from journals, magazines, newspaper, etc. The collected data was examined by ANOVA. The finding shows that the awareness related to digital wallets among students is high like protection concerns, security, and evaluating (Fees). The preeminent setback regularly looked at by the offended parties while utilizing advanced wallet are long exchange time taken by Digital Wallet for dealing with the business, security break, and postponed installment. The demonetization initiative of the organization of India has contributed tremendously towards mindfulness, utilization, and acknowledgment of digital payment. It was additionally discovered that the Safety of exchange and protection of data were the two most significant variables that influence the decision of a digital wallet.

Keywords: Advanced Wallet, M-wallet, E-wallet, Demonetization, Digital Wallet.