Over time, mobile wallets have grown a lot more than we expected. They are a more efficient and faster payment form and automated cash storage than conventional banking systems, making it one of the 21st century’s finest innovations where you can simply tap and pay without any hassle.
For online shopping, making payments to retailers, sending money to friends & families, doing telephone & TV recharges and even paying energy bills right from home, you can use mobile wallets directly on your smartphone. Provided that mobile wallets rectify the need to carry hard cash anywhere, you too might be searching for a decent and secure alternative to fulfil your needs and requirements.
Any online payment shops, such as Paytm, Mobikwik, Freecharge, etc., provide individuals with free mobile wallet services. They grow their lives by keeping transactions easy, safe and intelligent.
Here is the list of 7 best mobile wallets:
1. Paytm
Created by Vijay Shekhar Sharma, Paytm is currently India’s largest online payment platform. Also, since its inception, Paytm has achieved enormous fame, and its digital wallet technology is also exceptional. It all began with a simplistic wallet service and ended up becoming a full-fledged e-commerce shop where clothing, electronics, furniture, home goods, food, etc. can be bought.
2. PhonePe
PhonePe is yet another everyday mobile wallet that initially originated to be used for mobile recharges and bill payments as a simple wallet. It was later purchased by the e-commerce giant Flipkart, which further incorporated PhonePe as its wallet, which, thanks to the usual cashback options, makes it very handy if you also shop through Flipkart.
This wallet contains many other features, such as sending and receiving cash for wallet transfer through UPI / bank transfer / direct wallet. You also get an option between friends to break bills, which is not possible in Paytm or most other wallets.
3. Freecharge
Regarding reputation and appreciation, Freecharge ranks next to Paytm. Over the last three years, the amount of internet traffic in Freecharge has risen significantly, and its digital wallet system has become a major Paytm counterpart competitor. Drivers profit the most from free recharge deals.
4. MobiKwik
MobiKwik is one of the fastest growing online payment portals with cutting-edge technologies made up of a digital wallet system. Based on estimates, MobiKwik has seen a 40 per cent increase in online traffic after India’s central government agreed to ban the demonetization of thousands of rupees and five hundred rupees. The digital facility of MobiKwik is also beneficial in serving the purpose of making payments to different online merchants.
5. Google Pay
Google Pay is not a separate wallet, formerly known as Google Tez. Still, it provides the functionality of using your bank account itself as a wallet without the need for another wallet to store your money. This depends essentially on the UPI scheme for payments.
You can pay and receive money straight from your bank account using Google Pay, and it works for all banks that fund UPI.
6. Amazon Pay
Amazon Pay is an Amazon venture launched by the company to serve as the e-commerce giant’s wallet. After, it expanded with the addition of mobile prepaid and postpaid recharges, DTH recharge, payment of energy bills.
7. Airtel Money
One of the most common cellular networks in India is Airtel. The new Airtel Money wallet allows for the handling of restricted but valuable items. You can get a savings account at Airtel Payments Bank by providing your KYC info, which will further offer you a virtual debit card for online shopping.
So, here are some of India’s best mobile wallet services. Based on your comfort and convenience, you can pick one of them. All the benefits listed are free and secure to use. In the comments below, let us know what your preference for the best mobile wallet is. Also, subscribe to more such posts on our blog.
