Best Wallet Apps in India: Wallet Payment has become an important part of our life. Since Demonetization, the cashless transaction has become the most affordable solution to payment problem in India. The only industry which got a huge benefit from the Modi’s change on Currency in India is e-wallet solutions. Daily millions of Indian Rupees are sent and received through mobile wallet app in India.
e-Wallets are very useful since it makes very easy to carry huge money in their pocket. And also makes our shopping life easy. Once the money gets added to your mobile e-wallet, one can easy transact it anywhere from Online shopping sites like IRCTC, Voonik, MrVoonik, Flipkart, etc. to the local bakery or even Grocery stores.
How to make Online Transaction with wallet Apps?
- 1 How to make Online Transaction with wallet Apps?
- 2 Advantages of using e-Wallet Apps in India
- 3 List of Best Mobile Wallet App in India
- 4 Best Wallet Apps based on Features
Making an online Transaction with e-Wallet Apps is very simple. Once has to link his/her bank account with his favorite mobile wallet app. Click on Add Money option given in the App and make an internet based transaction. Once the transaction is complete, the amount to be added gets credited to your mobile Wallet App. Once Credited, you can use it to make transaction anywhere.
You can also request your friend or colleague to send money to your account from his/her account. For Transferring amount, you just need to select Request money and select your friend’s number. You friend has to send requested money from his/her wallet or Bank account to you. The complete payment gateway is secured by the security systems of the Payment Solution provider(Usually Banks) and the Wallet Apps.
Advantages of using e-Wallet Apps in India
There are many advantages of using wallet payment solution. Some of them are listed here.
- Unlike Banks, Wallet is fully functional 24 x 7 and also during holidays like Sunday or any National Holiday.
- The payment mode is fully secured just like your bank payment gateways, hence Security breach is not possible.
- You can store a huge amount in your wallet without worrying about the security issues like robbery.
- One can use to make transactions anywhere without requiring any extra document or information. Even a QR scan is enough to make a transaction.
List of Best Mobile Wallet App in India
- Phone Pe
- ICICI Pocket
1. PayTM Mobile Payment App
Paytm has emerged to become the best and top e-wallet company in India. With Demonetization affecting Indian Economy, Paytm got the maximum market share with ranging from Top E-commerce websites like Voonik to Local Bakery and Grocery Stores. Users can quickly make payments by scanning a simple QR Code. Paytm Mobile Wallet App is available on Web, WAP, iOS and Andriod Version.
2. FreeCharge e-Wallet App
Backed by India’s leading e-commerce website Snapdeal, Freecharge has quickly found its customer base in India. Freecharge was one of the first mobile wallet App, which offers Mobile Recharge, Mobile Payment and Free Coupon offering site in India. Kunal Shah owned Freecharge is almost used everywhere and is sharing its market with PayTM.
3. Mobikwik Wallet App
Mobikwik is another leader in m wallet app in India. Being one of the main market competitors to Freecharge and Oxigen, Mobikwik also emerged to be a get wallet best recharge app in their zone.
4. Phone Pe App for Transaction
Founded by founding members for Indian E-commerce giant, Flipkart, PhonePe was recently launched which offers wallet payment options in India. Although the market share for PhonePe App is very less compared to PayTM, Free Charge, and MobiKwik but still rules the customer base with best PhonePe offers. PhonePe was acquired by Flipkart.com and now offers huge cashback on Flipkart and other e-commerce transaction.
5. ICICI Pocket Wallet
Following all Big payment gateways, ICICI Bank also launched their mobile Wallet App called ICICI Pocket to enable their users to use their app whenever they want. It also has a feature to link you bank Account with your phone to make transaction easy and fast. The app is very user-friendly and been ranked one of the most downloaded mobile bank management App in India.
Best Wallet Apps based on Features
|App||Wallet||UPI||Bank Transfer||Send On Mobile||Rating||Rating|
|Axis Bank Lime||Yes||No||No||No||3.5||N/A|