Best Mobile Wallets in India
As we all know that, from paying mobile bills to buying movie tickets, all facilities are available through mobile wallets. Mobile wallets are digital instruments which help to transfer money from your bank account via credit/debit cards or net banking. Before using these Cashless Payments Apps, you should know complete knowledge about Best Mobile Wallets in India. You can transfer money to a person who has the same mobile wallet, you make easily payments at merchants who are authorized to accept from that particular instrument.
Mobile wallets are digital tools from which you can send & transfer money for instant payments. You can use your mobile wallet service to make payment by filling information of credit/debit card. All mobile Wallets Apps like Paytm, SBI Buddy, and MobiKwik are available in multiple languages. RBI has increased the monthly balance limits for mobile wallets to Rs 20000. So, have a look below and take your decision for choosing Best Mobile Wallets in India.
Mobile Wallets Apps are:
- Airtel Money
- State Bank Buddy
Best Mobile Wallets in India
It is fastest growing app which is available in mobile wallet space in India. Vijay Shekhar Sharma says that there are 197 Communications, operates Paytm. In previous, Reserve Bank of India had provided mobile wallet service license to Paytm. This mobile wallet service was started in the year of 2014, which becomes largest mobile wallet app in India. According to 2016, this service platform is used by 100-million users.
This Mobile Wallet Service provider was begun in the year of 2009. Through this app, you may pay in a flash for their recurring mobile recharge, bill payments and online purchases on popular e-commerce websites (and apps) including eBay, Snapdeal, MakeMyTrip, ShopClues, BookMyShow, redBus, Fashionandyou, Infibeam, Domino’s Pizza, American Swan, Abhibus, Purplle, HomeShop18, Naaptol, Yepme and Pepperfry.
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Freecharge was founded in 2010 with 20 million registered users. This app is not only mobile wallet but also using as a mobile recharge platform. All the users have decided not to exit following the transaction by Snapdeal. Currently, Freecharge has obtained by Snapdeal for $400. Day by day it becomes to digital payment in India. The company has raised $113 million.
Oxigen is oldest players in the payment market but previous year, the company turns into mobile wallet space. Through this mobile wallet service, users can share with their friends and family and also preferred social networks and messaging platforms like WhatsApp, Facebook, Google+, and Twitter. You may also recharge your mobile phones, pay bills and shop by using it. A large number of online merchants is available to use Oxigen mobile wallet space.
Through Airtel Money app, users can easily recharge their prepaid accounts or pay postpaid bills and also use this service to shop online products. Airtel Money app is safe app you can every transaction or payment easily by receiving a secret 4-digit mPin.
State Bank Buddy
State Bank of India has provided State Bank Buddy which is an online wallet service. State Bank Buddy is available in 13 other languages. Those users don’t have SBI account holders, they can send money via Facebook, or to other bank accounts, book hotels or movie tickets and much more!
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List of Mobile Wallets & UPI Payment Apps in India
|App||Wallet||UPI||Bank Transfer||Send On Mobile #|
|Axis Bank Lime||No||No|
So, we have almost mentioned best mobile wallets in India which provide service to make online payments. So, we hope that, You will find this post useful and easily use these apps. If you are using these wallets apps in your mobile, you can go cashless and make payments from your mobile.