Payment System makes the business world go round. As shopping patterns continue to evolve, Mobile wallets are shopping binges magical wallets now. They have evolved quicker than we imagined.
You leave your wallet at home. Don’t sweat it. Gone are the days one used to go doomed leaving wallet at home. We are in the strange 21st century where everything is made possible.
In simple terms, a mobile wallet, is a virtual mobile-based wallet where one can store cash for making mobile, online or offline payments. E-wallets turned into the most talked topic of the decade. As the shopping zone is expanding fiercely with the customers, the mobile wallets are rising quicker to catch people’s eye towards the high utilization of the e-wallets. There is no single offline and online store without e-wallets.
Above all else, cashless exchanges, a huge development occurred, at that point followed by cashback and discounts.
Top 10 Mobile Wallets in India trending for cashless transactions and cashback.
Here are the buzzing Top 10 mobile wallets in India for cashless transactions and cashback. We usually hear by millions in our daily lives
1. Google Pay
Previously known as Tez, it is a piece of the Google ecosystem. It turned into a quick download from the app store and is known as the most safest mobile wallet by google among all. Google pay allows you to pay or transfer cash while chatting. Of course, one can pay bills, purchase online, and do any kind of billing and recharges such as mobile, internet bill, book a bus ticket, movie ticket etc
The best thing about this mobile wallet is there is no requirement for additional KYC like Paytm. About 10 crore users installed the application for their daily use.
It is a user-friendly application where you can shop, pay bills and utilities, booking tickets, cabs and a lot more. Paytm is available for both Android and iOS.
It’s so easy to understand applications where you can pay bills, shop and utilities, booking tickets, taxis and much more. Paytm is accessible for both Android and iOS. Almost 100 million clients installed the application from the Play Store.
PhonePe launched in 2015. Being only 4 years of age the company has reached more than 100 million installs. Flipkart procured PhonePe in April 2016. The mobile wallet applications guarantee from UPI payments to recharge, online bill installments, transactions and more.
Freecharge is one of the rumored and broadly used mobile wallets in India. It has drastically expanded online traffic since its inception. The organization is the most dynamic competitor of Paytm.
Users advantage mostly for the energize offers and good cashback. Through this users can take care of electricity bills, recharge mobiles, Metrocards and much more. Snapdeal gained the organization. It provides cashback, discounts, coupon codes and much more.
5. Amazon Pay
Amazon Pay is an online payment processing service propelled universally in 2007 and India in 2017. This mobile wallet application gives users more choices to pay with the Amazon accounts and on outer merchant sites on applications like BigBazaar.
Oxigen is one of the prominent mobile wallets with an lively look interface with plans running on top alongside the alternatives available. A user can ask or send for cash, get recharges, and pay bills. It guarantees users to have a sense of safety with the Oxigen app concerning each transaction it sends a six-digit OTP to the mobile number.
The organization claims to have almost 1 lakh outlets and has more than 2 billion transactions with a volume pace of 720 million transactions for every annum. It has a client base of more than 150 million. The application is accessible to Android users.
Mobikwik wallet, an online payment wallet framework where a user can add cash through his debit or Mastercard in the wake of joining. The app assists with transact money, pay all kinds of bills like electricity or recharge your phone, DTH and lot more. It is accessible in iOS, Android, and Windows Phone clients.
BHIM stands for Bharat Interface for Money(BHIM) is a mobile payment application dependent on the UPI(Unified Payments Interface) and created by the NPCI(National Payments Corporation of India) on April 14, 2017.
It is a one-stop destination for speedy and straightforward payments through the UPI.
JioMoney wallet by Jio is a straightforward interface with the components that are helpful to users made accessible at once to users. It permits a user to recharge, send/request money, pay at a shop all the alternative on the main page. The mobile wallet application is accessible in Google Play Store and Apple Store.
Chillr mobile wallet application is known for its speedy, comfort of transactions. Users separated from the other installment techniques can enjoy in-application services to book hotels, flights and significantly more. It is a new digital initiative by HDFC Bank.