Top 10 Mobile E-Wallets In India | Go Cashless India

Top 10 Mobile E-Wallets In India | Go Cashless India

The demonetization of Rs 500 and Rs 1000 currency notes has been working largely in the favor of digital wallet startups. India has seen a phenomenal increase in the number of digital wallets and is slowly moving towards being a cashless country. And with the transaction limit on digital wallets being increased to Rs 20,000, it just keeps getting better.

What is Mobile-Wallet :

A mobile wallet, in simple terms, is a virtual mobile-based wallet where one can store cash for making mobile, online or offline payments. There are various types of mobile wallets in India, such as open, semi-open, semi-closed and closed – depending on the type of usage and payments that can be made. Wallets are growing rapidly as they help in Increasing The Speed Of Transaction, Especially For Ecommerce Companies and all E-commerce Marketplaces have integrated with such mobile wallets too.

Mobile Wallets in India :

Mobile wallet is a new concept in India that has been surpassing credit card usage and is slowly beginning to replace the traditional payment methods.

 India aims to become cashless now. The online mode of payments has been increased, and most of us are looking for safe and secure ways of doing it. If you are also looking for the same, then this article is for you. Mobile Wallets or Digital Wallets or e-Wallet apps allow you to pay electricity bills, mobile recharge, get movie tickets and do a lot more right from your mobile. By linking your Credit or Debit Cards or Bank accounts with these e-Wallet apps, you can easily make a payment using your mobile.

What is UPI :

we should know a bit about UPI, which is the infrastructure on top of which end-user apps are built, so that they can use the features offered by it. Unified Payment Interface or UPI is the new mode of payment. Sending and receiving using UPI app is simple using Virtual Payment Address (VPA) and there is no need to add the beneficiary account details, account number, and IFSC code. Every bank has it’s own UPI app and make sure that you install the UPI app of your bank which allows you to send and receive payments between any two bank accounts.

Transaction Limit's :

You can generally load money into these digital wallets via Internet banking or via your Credit or Debit Card. On most of these e-Wallets, there is a limit of Rs 20,000  for users who have not submitted their KYC documents If you submit these documents, the limit is raised to Rs 1.00 lakh.

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Mobile Wallets to Make Online Payments :-

1. PayTM :

Paytm, launched in 2010, is currently the largest mobile wallet app in India.PayTM is one of the best digital wallets to make payments. It allows you to add your Credit/Debit cards and link your bank account to it. Make use of QR code to send and receive payments easily. PayTM mobile wallet allows you to buy movie tickets, online mobile recharge, pay electricity bills and more from your mobile. It is available for Android, iOS, and Windows Mobile Phone.

2. Mobikwik :

Mobikwik is another versatile & secure app that allows you to pay or transfer money using the mobile number. It allows you to make mobile recharge and pay bills in seconds. Use Mobikwik mobile wallet and buy anything online with good discounts. Making bill payments, mobile recharge, shopping and more has become easy with Mobikwik mobile wallet. It is available for Android, iOS and Windows Phone.

3. FreeCharge :

Freecharge, one of the most famous names right now when it comes to digital payment in India, has been known to target the youth in all their promotions. With equivalent amount of coupons given for every recharge you make, it’s a great option to save while paying your bills online.

 It is the fastest growing digital payment platform allowing you to pay electricity bills, mobile and DTH recharge and more. Use FreeCharge mobile wallet and avoid long queues. It makes us easy to make online and digital payments securely using mobile. FreeCharge is available for Android, iOS and Windows Phone.

 
4. State Bank Buddy :

State Bank Buddy by State Bank of India is the first Indian mobile wallet available in 13 Indian languages. Using this sending money, asking reminders to clear dues, instant bill payments and more from your mobile. Sate Bank Buddy mobile wallet helps you to do so by linking your credit or debit cards to it. It allows you to load amount into your wallet and make payments to your contacts on phone book. It is available for Android and iOS.

5. HDFC PayZapp :

PayZapp from HDFC Nabk is available to customers of all banks and allows you to make payments with just a single click. Make payments easily by adding credit or debit card details. Your card details are safe with the bank and no need to worry about that. PayZapp mobile wallet does three security checks for every transaction. It is available for Android and iOS.

6. ICICI Pockets :

Pockets app is the first mobile wallet app in India allows you bring UPI-based payments. ICICI developed this mobile wallet, and it helps you to make payments online. Now you can shop anywhere, pay anyone and bank with ease. It allows you to transfer money, book tickets, do mobile recharge and more. With just a single click, sending and receiving payments to and from Pocket users. It is available for Android and iOS.

7. LIME :

LIME is launched by Axis Bank providing your payments, banking, and shopping facilities. It is available for an account and non-account holders. Pay your shopping bills, mobile recharge, buy movie tickets and more using LIME mobile e-wallet. Just add your credit or debit card details, and you can make payments through your mobile. It is available for Android.

8. PhonePe :

PhonePe from Flipkart Group Company works over Unified Payment Interface. It allows you to make all your payments securely. You can make bank to bank transfers using Virtual Payment Address. As it is a UPI app, there is no need to add details of the beneficiary account. PhonePe mobile wallet provides you discounts and coupons when you shop online. You can top up your mobile wallet by linking it to your bank account and allows you to transact maximum up to 1 lakh rupees. Make sure you install this e-wallet in your mobile and make payments online. It is available for Android.

9. Ola Money :

Ola Money allows you to make payments for all your daily needs. Recharge Ola Money wallet using your credit/debit card or net banking. Keep track of your transactions by looking at transaction history. Paying for the Ola and other cabs also made easy using this mobile wallet. Ola Money mobile wallet helps you to transfer money to your friends. It is available for Android and iOS.

10. Airtel Money :

Airtel Money wallet got launched by Airtel Payments Bank. Make payments, do mobile recharge and transfer money to your friends of any bank account using this mobile wallet. You can shop online with great discounts and coupons. Banking and remittance services are supported by Airtel Money. With this e-Wallet app, you can make payments with just a single click. It is available for Android, iOS and Windows Mobile Phone.

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