Mobile Wallets in India : The boom of digitization has now turned the scenario. India is now aiming to become a cashless nation. The online payment mode has been increased so much, and people are looking for secure and safe ways to do it. If you’re also looking for a similar thing, then this blog is definitely will clear all your doubts.
Digital Wallets / e-Wallet apps / Mobile Wallets allow users to pay all their bills like electricity, mobile recharge, DTH, Metro Cards, Food Cards, get movie tickets, train/bus/flight/cabs booking etc. from your mobile. By linking your card (Credit / Debit) or Bank accounts with an e-wallet, you can make a payment of anything using your mobile at your ease.
You can usually add money to these wallets with the help of Internet banking, Credit / Debit Card, or UPI. On most of these digital wallets, there’s a limit of 20,000 Rs to be added for the users who haven’t updated their KYC. However, the limit is raised to Rs 1.00 lakh for the uses who have their documents updated. Find the best Mobile Wallets in India /payment app 2018 here. Some of the leading and famous digital wallets are listed here-
Mobile Wallets in India
PayTM – PayTM, the giant in the industry, the best in the business, is one of the most downloaded and used payment app in India to make payments. It allows the users to add your cards (Credit/Debit) and link your bank a/c to it. You can also open PayTM bank account as well using this app. A user can send and receive money using the QR code. PayTM allows you to do online mobile recharge, pay electricity bills, movie tickets, and to take many more services from your mobile. The app is available for Android, Windows, and iOS.
Mobikwik – Mobikwik, one of the highest downloaded app in the year 2017, is another versatile and secure payment app that allows people to pay or send/receive money using the contact number. It allows to make mobile recharge, book tickets, do online shopping, and utility pay bills in seconds. Use this E-wallet and shop online with good discounts. Making online payments has become easy with Mobikwik. It is available for Android, and iOS.
FreeCharge – FreeCharge is a very famous payment app that is used for the similar purpose as the above0-mentioned apps do. It allows you to add debit/credit cards that make it easy for online payments. FreeCharge is one of the fastest growing e-wallets of recent years that allows paying the bills like electricity, mobile recharge, DTH, Metro Cards, Food Cards, get movie tickets, train/bus/flight/cabs booking etc. from your mobile. The app is available for Android, and iOS both.
PhonePe – PhonePe, the E-wallet introduced by Flipkart works over UPI (Unified Payment Interface). It allows users to make all your payments securely. You can easily make bank to bank money transfer using phone numbers linked with a bank account and Virtual Payment Address. As I have stated here that it is a Unified Payment Interface based app, there is no need to add beneficiary’s details before proceeding payments. PhonePe provides discounts and coupons for online shopping. You can recharge your mobile PhonePe wallet by linking it to your bank a/c and allows you the transaction of up to 1 lakh rupees. It is available for Android phones.
Airtel Money – Airtel Money digi-wallet got launched by Airtel Payments Bank a few years back. Make payments, book movies, book flights/trains/buses, transfer money or do mobile recharge using PhonePe wallet. You can do online shopping using it and avail the benefits of discounts and coupons. Banking and the remittance services are completely supported by Airtel Money. With this digital Wallet app, you can make payments with simply a single click. It is available for Android, and iOS.