Despite the new concept of paying, mobile wallets have become popular in a very short time. Mobile wallets are making their way into the cashless age. People also use wallets for different purposes from mobile recharge mobiles or for taxi payments and purchases.
These wallets have discount offers and cashback points that hardly fail to attract customers. To use Mobile Wallet, one needs to download the same for App Store or Google Play. Transfer money to a wallet and use it to make payments. Wallets can be used for mobile, DTH recharge, bill payment and purchase. Here are 14 best and popular mobile wallet apps in India.
Best Mobile Wallets in India
1. BHIM
This digital wallet is backed by the Reserve Bank of India (RBI) and launched by the National Payments Corporation of India. Based on UPI, BHIM is one of the best digital wallets in India. Prime Minister Narendra Modi launches BHIM Digital India for all Android users.
Bhim has been instrumental in making India a cashless economy. This digital wallet in India supports all banks across the country. In addition, Bhim allows you to send and receive money using a Virtual Payment Address (VPA) in which you can transact without disclosing your bank details. As a result, it allows customers to transact using a fingerprint scanner obtained through a database.
BHIM enables QR code scan and pay options. Similarly, you can generate your own unique UPI PIN and QR code through the app. Also, you don't need to worry about security issues as your login inactivity expires after seconds to reduce inappropriate and fraudulent use of your data. In addition, BHIM also provides you with a transaction history to ensure you keep track of your transactions through the app.
2. Paytm
The most popular and convenient app, Paytm offers mobile payment solutions to a large segment of society that allows customers to make uninterrupted mobile payments from cards, bank accounts and digital credit. It is a leading and QR based mobile payment leader. It is the gateway to all categories of transactions.
You can also pre-book your vehicle at Paytm with some special offers at your door. Paytm also allows you to purchase 24 carat / 999 fine gold through its ‘Digital Gold’ service. A customer can buy gold at a price as low.
3. MobiKwik
MobiKwik is a fast-growing online payment portal with state-of-the-art digital wallet systems. MobiKwik has seen a 40% increase in online traffic since the Indian government decided to ban thousands of rupees and five hundred rupees due to denomination.
The MobiKwik digital facility is also extremely beneficial for the purpose of paying various online merchants. Furthermore, MobiKwik has partnered with twelve electricity boards in the states of India and helped the common man to stop in front of the electricity bill counter through their digital wallet system and pay the bill more comfortably.
Also, MobiKwik's digital wallet system is highly encrypted and less likely to be hacked. MobiKwik Digital Wallet also helps to get a large
4. Google Pay
The Google Pay digital e-wallet app is well known as the fastest app. It's part of the Google system so the company has grown its user base really fast, even the app was late. Most people in India use this app to transact, pay bills, send money to anyone and make online payments and much more.
You can use this Google Pay app with your existing bank account, which means your money is protected with your bank. No need to panic while using this app as you don't need to take any additional KYC steps to secure your account - which is required for all other digital e-wallet apps.
5. Amazon Pay
Amazon Pay has 33 million users in the country and this number is growing as we speak. They use simple and appealing UI for their e-wallet and yes you can make as many different payments as you want without any hassle or complications.
The e-wallet works like any other and can be used for various online merchants. This e-wallet was released in 2007 but it reached India in 2017 after 10 years. One of the reasons behind that is that in the
6. PhonePe
7. Freecharge
The popular digital wallet FREE FreeCharge has a plethora of options, allowing you to perform many tasks. The app is asking you to sign up for your number and create an account just like any other mobile wallet. Once you open the app you will receive the first option to send, receive or add money to the top.
The rest of the app has options for paying bills, recharge options, investment options
8. Jio Money
JioMoney comes from Jio, India's largest mobile service brand. You will find this digital payment app installed automatically on your smartphone when you use
They will transfer it to your account. JioMoney is now the fastest growing mobile wallet in India. And also for good reason. Jio also has a special range of smartphones that are popular in the villages, JioMoney has gained wide popularity in rural and remote areas of India. You will not be a user of Jio Mobile Services to download and use JioMoney.
9. Oxigen
Oxygen has a live show with a banner of special plans running upstairs, then the available options you can send or ask for money, pay bills
According to the company’s website, its retail promotion has 1,00,000 outlets and has so far handled over 720 million transactions a year on more than 2 million transactions. It has a large customer base of over 1 million million. The Oxygen Wallet app is only available for Android users.
10. Airtel Money
Airtel Money is the
11. Pockets By ICICI
ICICI Bank is a multinational banking and financial services. Here the user will be able to create a secure and secure payment called iMobile Smart Keys. The unique digital app includes chat, messenger, games
12. SBI Buddy
When SBI launched the Yono launched
13. PayZapp
One of the most popular mobile wallet apps in India offered by HDFC Bank. PayZapp is a semi-closed type e-wallet, you cannot transfer the wallet balance to a bank account. PayZapp is one of the best digital wallet providers in India known for its excellent cashback and rewards program with various merchant websites. If you are an existing customer of HDFC Bank, then you do not need to provide KYC documents to create a wallet, the PayZapp app will automatically link to the HDFC Bank ID.
14. Citi Masterpass
Citi Masterpass is one of the e-wallet payment systems in India launched by Citibank India and MasterCard. It is the first global digital wallet in India that supports you to speed up the inspection process on e-commerce sites. Co-branded Masterpass solution is the first of its kind in the Asian and Indian markets.
Users also get the benefits of storing all
Mobile apps are becoming increasingly sophisticated, user-friendly, reliable
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