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Ewallet, also known as electronic wallet or digital wallet, is a virtual wallet that allows individuals to store, manage, and securely transact money online. The market size of mobile transactions in the Far East and China is now $4 trillion, projected to reach $5. 852 EUR. You can use your Boost wallet to scan and pay at over 200,000 merchant touchpoints¹ throughout Malaysia. What is E Wallet and How Does it Work? A digital wallet app, also referred to as an e-wallet, is an app that allows making digital payments from your phone. Lock your passwords, credit cards and bank account numbers behind military-grade encryption and have them organized and ready when you need them by installing the most sophisticated and easy to-use password manager on your Windows PC. It also uses 256-bit AES encryption to ensure your data is well-protected. 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