DIGITAL BANKING PRACTICES AND E-WALLETS – TRENDS AND CHALLENGES

Purpose: Payment system technology innovation is the financial system's backbone. The current research examines contemporary trends and issues in digital banking systems. The paper seeks to provide a comprehensive assessment of current digital payment technology and issues. Design/Methodology:The authors conducted a thorough literature analysis and mapped 33 papers retrieved from Google Scholar databases. The current study also helps to document research themes and thematic maps that examine the relationship between e-wallets and digital banking served as the foundation for this study. Findings: This study classifies digital payment technology trends by conducting a comprehensive review of available research. Furthermore, the paper presents key findings in digital payment technologies into broad themes: Digital Banking Trends and Challenges, EWallet Adoption and Consumer Behavior, Impact of Digital Banking on Business and Economy, Technological Innovations in Digital Payments, Systematic Reviews and Bibliometric Analyses on Digital Payments, and Security and Risks in Digital Transactions. Originality:The study is unusual since it examines current trends and difficulties in the digital world of banking. The research maps and discover the various challenges.