TOP E-WALLETS IN INDIA

TOP 10 E-WALLETS IN INDIA


As digital payment and shopping patterns continue to evolve, so many firms came with the new concept of mobile wallet in INDIA that has been surpassing credit card usage and is slowly replacing the traditional payment methods.

Here are some of the e-wallets companies in INDIA what they offer their customers.


1.PAYTM


PayTM is one of the best and largest mobile e-commerce platform in india. PayTM offering its customers a digital wallet to store money and make payment through wallet.

PayTM launched in 2010, it work on a semi-closed model and has a mobile market, where a customer can load money and make payments to merchants who have tie-up with the with the company.
PayTM wallet can also be used to make bill payment ,transfer money.


2.MOMOE


Momoe is a Bengaluru based mobile payments startup that focuses on changing how customers pay while eating out, travel and shop. Using this app, one can store their cards details and make payments at various stores, restaurants and outlets.

This app provides many attractive services that attract many installs. The users were able to see live tabs ,split bills and pay directly , without even to wait for a physical bill.


3.PayUmoney


PayUmoney, a gurugram based company that provides online payment solution launched its wallet service last year. This e-wallet  by PayUmoney enables the user to store cash and pay for various services and transactions.

In order to differ themselves from others, They  provide a wide range of benefits that include one-touch check out and discounts/ cashback offers on every transaction made. This e-wallet also provides instant  refunds on order cancellations and buyer protect to ensure the right purchase.

4.Mobikwik


MobiKwik is an independent mobile payment  network that supposedly connects 25 millions users with 50,000 retailers and more. This mobile wallet lets its user add money using debit ,credit card dervice, which can be used to recharge,pay utility bills and shop at marketplaces.

MobiKwik has also tie-up with large and small retailers, restaurants and other offline merchants.

5.CITRUS

Citrus pay is a popular e-wallet app for cash storage ,payment and money transfers. Besides tying up with online service providers from varied sectors, they are now collaborating with WooHoo, a gifting and shopping portal to let its customers shop at more than 5000 offline stores listed with them.


6.STATE BANK BUDDY


This mobile wallet application was launched by state bank of india to let users transfer money to other users and bank accounts, pay bills , recharge , book for movies , hotels , shopping as well as travel.

This semi-closed prepaid wallets offers its service in 13 language and is available for non-sbi customers as well. This app also allows its customers to set reminders for dues ,money transfer and view the mini-statement for the transaction carried out.

7.Citi MasterPass


Citi bank india and MasterCard recently launched 'citi MasterPass', India's first global digital wallet for faster and secure online shopping.

Bu using this , Citi Bank debit and credit card customers become the first in this country to be able to  shop at more than 252,000 e-commerce merchants. it ensures faster checkout with a single click or touch and stores all your credit ,debit, prepaid ,loyalty cards and shopping details in one place.


8.ICICI POCKETS 

Pockets by ICICI is a digital bank that offers a mobile walle for its customers. It provides the convenience of using any bank account in india to fund your  mobile wallet and pay for transactions.

With pockets, one can transfer money, recharge, book tickets, send gifts and split expenses with friends. This wallet users a virtual VISA card that enables its users to transact on any website or mobile application in india and provides exclusive deals or packages from associated brands.


9.HDFC Chillr


Chillr is an instant money transfer app created by HDFC to simplify money transfer and payment  process for its customers.

Using this mobile payment app,one can transfer money to anyone in their phone book, thereby cutting out on the hassles of adding a beneficiary. It is currently available  only for HDFC bank customers and can be used to send money, recharge, split bills,request funds or transfer and will soon be able to pay at online & offline stores.

10.LIME

AXIS Bank, the largest private sector bank launched 'LIME', an application that offers a mobile wallet,payments,shopping and abnking facilities.

This mobile wallet is available for both account & non-account holders and lets a user add money using his or her credit,debit and net banking details. One can also share the wallet with their loved ones or pool in funds into a shared wallets for particular purpose like gifts ,vacations etc.



Comments