Top Five Mobile Wallets in India for Online Payments
New Delhi : India is possibly heading towards the on-going 'cashless movement'. Meaning, very few people now, carry cash in their wallets. Instead, people having smart phones consider using mobile wallet (m-wallets) for any kind of financial transactions. Also, known as virtual wallet, this is the latest and best of all innovations in the field of technology.
Now-a-days, millions of people are using e-wallets to make payments and the top mobile wallets in india are:
MobiKwik Online Payments
MobiKwik online payment wallet system ask a person to log into his/her account, add money via debit or credit card and then undertake money transactions required in mobile recharge, DTH, payment of electricity bills and so on. With the help of this app, users can perform all financial transactions without the exchange of hard cash. MobiKwik is available for users of iOS, Android and Windows Phone.
Paytm Online Payments
Paytm is a popular mode of mobile wallet payment in India. This user-friendly application offers an online payment platform for secure transactions. Paytm with its payment bank service has expanded itself into e-commerce, ticketing and distribution of money-related products. Paytm app can be easily downloaded on both Android and iOS mobile operating systems.
Oxigen Online Payments
This attractive e-wallet option helps users to send or ask for money required in payment of bills, mobile recharge coupons and much more. Oxigen is a secure platform since transaction, each time, is carried out with the help of freshly generated six-digit one-time password (OTP), sent to the registered mobile number. As per the company source, the app has retail existence of 1,00,000 outlets and has witnessed over 2 billion transactions till date with a current 720 million transactions per annum.
For now, the app is only available for Android users, yet it has vast customer base of over 150 millions.
JioMoney Wallet Online Payments
This newly introduced mobile wallet is popular among users in India. It has simple interface, visible at once to its users. The app has options like recharge, send/request money, pay at shop and some more choices on the main page itself. It can be easily downloaded from Google Play Store and Apple App Store.
State Bank Buddy Online Payments
As the name suggests, State Bank Buddy has been introduced by the State Bank of India. This popular mobile wallet allows new and registered customers to use money for booking movie tickets, flight tickets, hotel rooms, shopping and so on. Interestingly, the app has features like reminders to settle dues, recharge and pay bills instantly. It is available in 13 languages and allows users to undertake easy financial transactions. The SBI mobile wallet app is available for download from Google Play Store and Apple App Store.
A study claims that around 250 million people in India are using mobile wallets and it is expected that the count will increase to around 500 million in next few years. Last but not the least, the popular mobile wallets offer eye-catchy discounts or cashback for online payment. Keep checking your digital payment app continuously!