Finance

Top 5 Online Wallets in India

Even though the cash crunch has almost come to an end, the after effects of demonetization have restrained us from using much cash. While most of us don’t appreciate the idea of standing in long queues to withdraw money, there are those who feel that carrying cash is not a safe thing. In both the cases, using a second method of payment is more preferred. People choose to pay by card than by cash. There is another important form of payment that has gained much popularity since the demonetization: wallets. E-wallets help you make all types of transactions without any card or cash. All you need with you is your smartphone. Let us have a look at all the major and trustworthy e- wallets that make our lives simpler.

Freecharge: Freecharge is a website and app used by customers to make prepaid, postpaid, DTH, metro recharge and utility bill payments for numerous service providers. The Freecharge e-wallet is used to make payments across all major online platforms and offline stores like Shoppers Stop, McDonalds, Cinepolis, HomeStop, Crosswords, Hypercity and even for E-Rickshaws and much more.

Paytm: Paytm is one wallet that has gained popularity since demonetization. Every shop that you visit accepts payment via Paytm. You can pay all types of bills, book movie and travel tickets, do mobile, metro and DTH recharges, make payments at petrol stations and dairy shops and a lot of other places.

Phonepe: With this new app called the Phonepe app, all you need for shopping is your phone. This app gets synchronized with your bank account and makes all your payments safe and secure. The payments are made through your bank account without any of the cards. This easy and secured mode of payment is a great step towards cashless economy and a saviour in times of crisis. 

Mobikwik: Mobikwik is an online store that enables you to pay bills and recharge you mobile. The site offers you the ability to recharge not only your cellphone but even your data cards and DTH connections! The Mobikwik wallet can be used to pay bills at all the shops that allow Mobikwik transactions.

Payumoney: Payumoney is another e-wallet that comes to your service every time you need to make a transaction. Payumoney is a chance for you to get cashbacks whenever you make a transaction through it. This is a mode of payment that enables you to make payments at different retail stores online as well as offline.

 

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