20 Best Digital Wallets in India
The demonetization of Rs 500 and Rs 1000 currency notes has been working largely in the favor of
digital wallet startups. India has seen a phenomenal increase in the number of
digital wallets and is slowly moving towards being a cashless country. And with the transaction limit
on digital wallets being increased to Rs 20,000, it just keeps
getting better.
Here Are The Top 20 Digital Wallets in India
1) Airtel Money:
With
the Airtel Money app, users can easily recharge prepaid accounts or pay
postpaid bills. You can also shop online if your digital wallet has cash loaded
in it. It’s also extremely safe as every transaction or payment you make
requires a secret 4-digit mPin.
2) Citi MasterPass:
Citi
MasterPass, a free digital wallet, helps make checking out while online
shopping a speedier process. Once you’ve stored all your payment and shipping
details in your Citi Wallet, simply click on the MasterPass button and it will
take care of the rest.
3) Citrus Pay:
Citrus
Pay, one of the top e-wallets in India, it offers a Citrus wallet for customers
as well as payment solutions to businesses. With a strong base of 800 million
customers, it has definitely earned its spot as one of the best mobile wallets
in India.
4) Ezetap:
Ezetap,
a Bangalore based digital payment solution founded in 2011, offers business
owners solutions to accept card payments via electronic devices. It also send
customers e-receipts through an SMS or email.
5) Freecharge:
Freecharge,
one of the most famous names right now when it comes to digital payment in
India, has been known to target the youth in all their promotions. With
equivalent amount of coupons given for every recharge you make, it’s a great
option to save while paying your bills online.
6) HDFC PayZapp:
HDFC
PayZapp, making digital payment in India simplified with one click payments, is
one of the top online wallets in India. Users can easily compare flight and
hotel tickets and even buy music or pay bills with the app. Simple connect your
debit/credit card once and forget
to worry about
making payments.
7) ICICI Pockets:
While
you might find a Pocket card redundant, considering you’re opting for an
e-wallet app to avoid using a card, they do have a pretty neat wallet app. It’s
VISA powered and can be used on any Indian website, or to transfer money to
email ids, WhatsApp contacts, and also just tap and pay your friends easily.
8) JioMoney:
JioMoney,
launched recently in 2016 by Jio, is a digital payment app. With JioMoney, one
can receive great discounts and offers. Users can also bookmark their
frequently visited retailers so shopping can be made quicker than usual.
9) Juspay:
JusPay
Safe is a payment browser with over 650+ transactions in a day. They offer a
browser with which users can make payments quickly via cards with 2 clicks.
10) LIME:
LIME,
launched by AXIS in 2015, was the first mobile app in India to integrate
wallets, shopping, payments, and banking. Apart from the usual features like
making payments, they also let you analyze what you spend. With a cool feature
that rounds up all your change and invest in a deposit and a shared wallet
tool, they’ve definitely earned their spot in the top list of mobile wallets in
India.
11) Mobikwik:
Mobikwik
is a Gurgaon based e-wallet payment system in India that helps its users store
their money. Founded in 2009 by Bipin Singh and Upasana Taku, this digital
wallet enables users to recharge, pay bills, and make third-party purchases
with one tap.
12) MomoeXpress:
MomoeXpress,
a Bangalore based digital wallet in India, claims to have the fastest checkout
system. Though they’re only available in Bangalore, they have a wide range of
solutions they offer to residents on the city. From paying for your rickshaw
ride to salons & spas, there are over 3000 outlets available at your
disposal.
13) MoneyonMobile:
MoneyOnMobile,
authorized by the Reserve Bank of India, enables users to buy goods, products,
and services from registered merchants. It’s a multilingual app that reaches
remote areas of the country to millions of users making online payments
available to a wide population.
14) Mswipe:
Mswipe,
the first mobile point-of-sales solution in India was founded in 2012. They
don’t exactly offer an app, but they do provide a machine that can be attached
to your mobile device to accept card payments. This may not be a digital wallet
app but it does support going cashless.
15) Ola Money:
Ola
Money, launched in 2015, is a digital wallet in India offered by Ola. While
it’s majorly being used to make payments for Ola cab rides, making cashless
traveling a dream come true, it can also be used to buy groceries or flight
tickets and much more.
16) Oxigen:
Oxigen,
a FinTech company founded in July 2004, is one of the major providers of
digital payment in India. Along with making online purchases and paying bills,
you can also send gift cards to your dear ones.
17) PayMate:
PayMate,
founded in 2006 by Ajay Adiseshann, launched PayPOS in 2012, an app for small
business owners
to receive payments conveniently via debit cards and credit cards and also
process electronic transactions.
18) Paytm:
Paytm,
launched in 2010, is currently the largest mobile wallet app in India. With
payments via Paytm being accepted almost everywhere, it’s hard not to simply
switch to it completely. From paying mobile bills to buying movie tickets,
there’s almost nothing you can’t do with Paytm.
19) PayUmoney:
PayUmoney,
a part of PayU India, is a free payment gateway solution for merchants to
collect payments from customers via debit/credit cards or net banking, and
more. They also offer SMS and email invoicing for merchants that do not have a
website.
20) State Bank Buddy:
State
Bank Buddy, a product of State Bank of India, is an online wallet in India
that’s available in 13 languages. Users (non SBI account holders too) can send
money via Facebook, or to other bank accounts, book hotels or movie tickets and
much more!
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