What is a Wallet?

A digital wallet also known as "e-Wallet" refers to an electronic device, online service, or software program that allows one party to make electronic transactions with another party by exchanging digital currency units for goods and services. This can include purchasing items on-line with a computer or using a smartphone to purchase something at a store.

A digital wallet has both a software and information component. It contains secure and fair electronic payment systems. The software provides security and encryption for the personal information and for the actual transaction. The information component is basically a database of user-input information. This information consists of your shipping address, billing address, payment methods (including credit card numbers, expiry dates, and security numbers), and other information.

Is it safe to use the wallet?

Yes, it’s safe to use. It’s digital channel for money transfer with personal details needed to complete the transactions. It’s like a digital version of ATM/master card used for goods & service purchase.

All electronic transactions can be tracked by end user by activating special SMS service. But rental charges can be deducted by admin panel.

All electronic transactions are monitored and verified by iDesk authorization team to ensure the user’s confidentiality.

Also money unknowingly deposited into wallet from bank can’t be reimburse immediately, but it can be used in future or it can be transferred to another end user.


Who can access the wallet?

  • End User -Parents, Students
  • Vendor – Principal, Teacher
  • Agent – Third party from outside to help/assist the end user
  • Admin -Product Owner

What are the operations involved with wallet?

  • Deposit: A process of deposit the money into the wallet from end user/vendor/agent/admin’s own bank account.
  • Transfer: A process carried out by a end user/vendor/agent/admin (i.e parent or student) in order to shift/move the money from one to other with help of mobile number and transfer amount.
  • Withdrawal: A process carried out by admin in order to hand over the earned money or commission back to vendor and agent. Hence the vendor and agent persona/banking details to be updated time to time with admin panel.