An electronic purse, also known as an e-purse or digital wallet, is a virtual storage system that allows individuals to securely store and manage their financial assets, such as credit and debit card information, bank account details, and digital currency. It serves as a convenient and efficient alternative to traditional physical wallets, as it enables users to make online purchases, transfer funds, and conduct other financial transactions with ease and speed. With the rise of digital technology, electronic purses have become increasingly popular, providing a safe and convenient way for individuals to manage their money in the digital age.