Money is not everything, But you need money for everything. Everyone including you and me tries to grow it! Investing in cryptocurrencies is also a pretty good option. I’ve already written an article on List Of Cryptocurrencies in India. But today, we are gonna see some of the Best Mobile Wallets In India also known as E-Wallets, Digital Wallets, Online Wallets. The Meaning of E-Wallet is its just the system where you can store your money in digital form online. It simply kills the need to carry physical cash or cards in our physical wallet.
Due to their simplified approach mobile wallets have become very much popular in Japan. Mobile Wallets Market In India is rapidly growing day by day due to the availability of internet to the masses. But due to increased competition, its getting harder to find best of them. So, let’s see some of the Best Mobile Wallets in India.
Top 10 Mobile Wallet Apps In India
1. Paytm
It’s founded by Mr.Vijay Shekhar Sharma. No doubt Paytm is the Best Mobile Wallet App For Android as well as ios device/iPhone. It was launched in August 2010. Paytm stands for “Pay Through Mobile” having 3 million offline merchants across India recorded in January 2017. It has over 1,000,000+ installs. It is also the first Indian company to receive funding from Chinese Ecommerce Company named Alibaba. It enables you to book air tickets and taxis. It also allows you to recharge your mobile from anywhere. Even you can shop for goods via App.
- Most Popular Mobile Wallet in India
- Over 1,000,000+ installs
- You can even book movie tickets
- Most handy amongst other Mobile Wallets in India
2. Freecharge
Who doesn’t know Freecharge; it is a very well-known app and website founded by Kunal Shah and Sandeep Tandon. Services including prepaid, postpaid phone recharge, DTH, and Data Cards Recharge, etc. in India. You can even pay to some stores including McDonald’s. On 8 April 2015, Snapdeal took over Freecharge for $400 million which is considered as the second biggest takeover in the Indian e-Commerce sector so far. Freecharge also ranks among the Best Mobile Wallets In India. The amount which you pay for recharge is returned to you in the form of shopping coupons of some top retailers in India. Freecharge crossed over 10 million users by November 28, 2015. This is a very much popular app and website.
- Awesome User Interface
- Over 10 million users
- Special offers at McDonald’s
- Special offers on SnapDeal
3. Mobikwik
Mobikwik is an Indian company founded by Bipin Preet Singh and Upasana Taku which provides smartphone-based payment system and digital wallet. It was founded in 2009. It is an authorized Mobile Wallet India By RBI (Reserved Bank of India). This is also one of the best Paytm Alternative.
- Authorized by RBI
- Provides loan
- Very amazing reviews
- Best Mobile Wallets in India
4. PayUmoney
PayUmoney is also a very good and reliable wallet app founded by Nidhi Saraf. It is basically a payment gateway where you can instantly collect payments. This app also requires linking your account with your bank account. Here you will notice that this app has a very easy billing and you can pay by Credit Card, Debit Card or Net Banking and still much more. So this is a very trusted app but it is more useful for merchants as they have to pay many bills. Hence it can also be a Paytm Or Freecharge Alternative.
- Reliable
- Easy to signup
- They also provide Card Swipe Machine
5. Lime
Lime was launched by AXIS bank in 2015. It is the first E-Wallet In India which included integrated wallets, shopping, payments, and banking. This app provides you with a feature called “Track online” which provides you with how much you have spent and helps you to manage your budget. It also comes with a saving account where you can save your money.
- Developed by AXIS Bank
- Provides saving account
- Integrated wallets, shopping, and banking
- Axis bank authorization
6. JioMoney
How the richest man in the India can leave this opportunity or we can say gold mine? Mukesh Ambani owned Jio Infocom has also developed Mobile Wallet called JioMoney. the Best Mobile Wallets In India. JioMoney is a mobile based app introduced by Reliance in 2016. This app gained a decent popularity. If you are making any payment for Reliance Jio connection, then it will be cheapest on JioMoney or at least you’ll get good offers which include future benefits too. Its more like a Freecharge. So, one of the best Freecharge Alternative you can consider.
- Online payments
- Collaboration of SBI
- Option to open a Digital Bank Account
- Also, you can pay utility bills
7. SBI Buddy
SBI Buddy is a mobile wallet app supported on android as well as ios device. This app is directly connected to SBI (State Bank of India), so the transactions are faster if you are using SBI account. But unfortunately, the UI (User Interface) not good compared to Paytm, but it does the job.
- Fast transactions
- 5 Million Plus users.
- Transfer instantly into your bank account
8. Airtel Money
Airtel Money is developed by Infosys is a mobile wallet. The special thing about Airtel Money is you can get exclusive offers just by shaking your phone. If you have used other mobile wallets, then you must have observed while recharging airtel number, we won’t get any offers. So, if you want exclusive offers for Airtel, then go with Airtel Money.
- Exclusive Airtel Recharge offers
- Reliable and trusted app
- Good UI
9. OlaMoney
Ola, founded by Bhavish Aggarwal and Ankit Bhati developed their own wallet to simplify the cab booking transactions. It is pretty easy to use. Also, your personal and financial data is stored safely. Even if your transaction fails, it will get refunded on time so no worries. Using OlaMoney you can pay for Ola Cabs, hotels, flight tickets, mobile recharge and much more.
- Seamless integration with Ola (Obviously)
- Fast transactions
- On-time refund
10. HDFC PayZapp
Next one in our list of Next one in our list of Best Mobile Wallets In India is HDFC PayZapp. You can shop online, buy movie tickets, groceries, book flight tickets and hotels and you can also compare the hotels. You also get many discounts using this app. You can also send money to anyone in your contact list.
- Lot of Discounts
- Best suuport to HDFC bank
Let’s revise the list of Best Mobile Wallets In India:
- Paytm
- Freecharge
- Mobikwik
- PayUmoney
- Lime
- JioMoney
- SBI Buddy
- Airtel Money
- Ola Money
- HDFC PayZapp
Informative and useful for everyone who want a brief study of mobile wallets.
I am glad you liked it.
Hi Abhinav
LIME is shutting down.
You can call up the customer care and verify
India’s best and top five online wallets are following below :
1. PayTM wallet
2. Freecharge wallet
3. Mobikwik wallet
4. Phonepe wallet
5. PayZapp wallet
I have used SNAPAY (https://goo.gl/AvsqC4) the most for the online payments. This will make the payments very secure and faster. It is really comfortable to me.
Hey Good post brother