Technology in India is exploring itself day by day. From last 20 decades, so may changes can be noticed in payment patters, shopping styles, working infrastructure etc. With all these things , the major change that comes in society is with payment system. If compared with the payment patters before 2000, large number of new options is available for a customer. The digitization focused on replacing the cash system form the market. The present study is based on experiences of people with digital wallets and their expectations with these wallets. This study is focused on users awareness towards digital wallets and the risks associated. For this, data of 300 digital wallet users has been collected and analysis will be done using t-test and ANOVA. The major population is selected from different states of country to study their expectations from digital wallets.

Keywords: Digital Wallets, Awareness, Expectations, m-Wallets.