DIGITAL WALLET (Electronic Financial Transaction System)

Abstract

Main goal of this project is reduce the transaction of physical cash. Cash transaction open the door of money Laundering. Money laundering is harmful for countries economy. Without banking transactions, no transaction is traceable. Traditional banking only forty hours per week, But people need use their money 24/7. Huge numbers of hard cash transaction are happening every day. If we can make all transactions traceable, 24/7 withdraw or deposit with banks, any time send money to others or anytime can pay all bills our life will be very fast and government can earn more revenue. Especially ecommerce need transfer money digitally. Our Digital Wallet system can make those possible.