This research aimed to investigate the factors influencing students’ intention to adopt e-wallet in Universiti Putra Malaysia. There were 200 university students from Universiti Putra Malaysia participated in this research where they were chosen through simple random sampling method and systematic sampling method. Data were collected through self-administered questionnaires. The findings showed that UPM students’ intention to adopt e-wallet had positive relationship with perceived usefulness (r = 0.846, p = 0.001), perceived ease of use (r = 0.773, p = 0.001), perceived security (r = 0.397, p = 0.001) and subjective norms (r = 0.528, p = 0.001). Meanwhile, the results of multiple regression analysis showed that the model contributed a total of 77.1% and perceived usefulness appeared as the most significant factor that contributed to the intention to adopt e-wallet among UPM students. Therefore, e-wallet companies and developers should educate and create awareness for the public about e-wallet’s features as well as encourage consumers to adopt e-wallet by providing them rewards for inviting friends to download and use.