Know the list of digital wallets in India and support cashless economy movement through mobile wallets- top wallet list
With physical currency demonetization in India, most people rapidly tend to change using of Mobile Wallet Applications. Today It become one of the successful business for start-ups. Mobile wallet users have become more in numbers then credit card users, a recent study said.
After this demonetization, mobile wallets have grown significantly with more users enrolling themselves every day. A study from RNCOS says current Indian market size of mobile wallet users have gone over 350 crore and still raising.
All citizens of India are moving towards cashless economy, so for that you need a digital wallet / Mobile wallet to meet your financial and economical needs.
In this article, I am going to give you the list of top performing Digital mobile wallets in India where you can play safe with your financial transactions in this cashless economy.
List of Non-bank Digital Mobile Wallets:
List of Digital Mobile Wallets from Mobile Phone Networks:
- Airtel Money
- JIO Money
- Idea Money
- Vodafone M-Pesa
List of Bank associated Digital Mobile Wallets:
- Lime – Axis Bank
- ICICI Pocket – ICICIC Bank
- Chillr – HDFC Bank
- Citi MasterPass – CITI Bank
- State Bank Buddy – State Bank of India
Letz read about their pros and cons, uses of Digital wallets and their services.
PayTM is one of the fastest growing mobile wallet company in India with over 20Million customers. They launched in 2010, PayTM itself having a digital wallet where you can store money to make quick payments, purchase any products online.
You can use their digital wallet for Online Transactions such as Mobile Recharges, EB bill payments, transfer money to other users, avail services from merchants for Travel, entertainment (movie Ticket booking) and other retail stores.
You can pay for your services very quickly with just scanning their QR Code. PayTM was started by Vijay Shekhar Sharma, Chairman and Managing Director of One97 Communications, which operate PayTM wallets india.
You can add money to your PayTM wallet, withdraw money, send money to your friends and others and a lot more.
MobiKwik was started in 2009, claims to have more than 20million users with 50,000 retailers and more. Their wallet lets you to add money using your Debit Card, credit card, net banking and use that money in various retailers such as Snapdeal, ShopClues, MakeMyTrip, RedBus, BookmyShow, Dominno’s Pizza, Naaptol etc.
You can even pay your recurring monthly bills such as Telephone bills, Internet bills and other utilities. Owing to meet biggest demand, they are tying up with more large and small number of grocery, restaurants and other merchants.
Freecharge founded in 2010, had become the most strongest digital mobile wallets in India with more than 25Million users.
They mainly concentrate on mobile recharges which made them to boom in a shorter period. They offers cash discounts on every transaction s made through their mobile wallet
Freecharge wallet have been used widely in all merchant services such as Movie ticket booking, Bill payments, recharges (Mobile and DTH) and other services including restaurants etc.
You can send payment from your mobile wallet to other mobile wallet and even you can withdraw funds to your Bank account.
Use freecharge Coupons to recharge your mobile every time. Search for Free charge Coupons in Google before recharging your account.
4.) Citrus Pay
Citrus Pay is another popular mobile wallet India and their app enable users to store cash, send and receive payments, online money transfers etc.
They provide business solutions such as Payment Gateway services for merchants to enable online transactions via Debit cards, Credit cards, Net Banking, Mobile Banking etc.
They are now working to accept payments from other digital wallets such as PayTM, Freecharge, MobiKwik etc.
PayUMoney, a Gurgaon-based company that provides digital wallet solutions started 2015.
They enable their users to store cash in their digital wallet and later can used to spend on merchant purchases such as Paying telephone bills, internet bills, EB Bills and other merchant services such as Movie ticket booking, restaurants etc.
They frequently post offers and discounts for every purchases and transaction you make.
Their provide instant refunds on order cancellations and enable buyer protection to ensure customer rights and satisfaction.
Oxigen Services Pvt. Ltd. Launched its first Digital mobile wallet to meet all your payment needs without carrying real cash. India’s first non bank mobile wallet for instant fund transfer with over 1 Million outlets across India for money transactions.
You can do mobile recharge, DTH recharge, Mobile-utility bill payments and others along with free coupons on every transactions.
Send money to bank or friends anytime, Gift talk time to your friends, shop online with 15,000 websites without cash.
7.) Airtel Money
Airtel communications, India’s Largest mobile service provider have kept their foot print in Digital wallet revolution launched their Airtel Money mobile wallet to make use of hassle free instant recharges and offers for their mobile users.
It also offers extremely safe digital wallet where you can easily send and receive money to other people.
You can make instant Mobile recharges, pay post paid bills, internet bills etc.
8.) JIO Money
Reliance communications started their revolution in this Digital wallet era, launching their JIO Money mobile wallet app in 2016, which enable their mobile users to store cash, send and receive money, pay for merchant services etc.
9.) Idea Money
Idea Mobile Commerce Service Ltd. Launches their own Mobile wallet called Idea Money, a secure way to Recharge, money transfer, Bill payments, and shopping.
You can use this Wallet for making online mobile payments such as Data card recharges, post paid bill payments, DTH recharges, pay utility bills, transfer money to another wallet or bank account instantly.
10.) Vodafone M-Pesa
Vodafone m-pesa limited, launched their Digital mobile wallet named Vodafone M-Pesa, where you can make safe and hassle free transactions with your smart phone. You can make recharges, pay Pre-paid and Post-paid bills, DTH and EB Bills.
Moreover, you can enjoy 5% cash back on every transactions you made through their mobile wallet.
To do this, just load money in their wallet using Debitcard, creditcard, net banking or mobilebanking.
You can even collect your money from nearest M-Pesa outlet by showing your ID proof and SMS
They are having nearly 1,20,000 outlets across India which offers cash withdrawals from their Digital Wallet.
11.) LIME axis
Axis Bank, third largest private sector bank in India launches LIME Digital mobile wallet in 2015. A new world of experience through Mobile Recharges, bill payments, online shopping experience, Utility payments etc.
This app can be used by both Axis Bank account holders and non account holders. You can add money via Debitcard, credit card, net banking for all leading banks such as Axis bank, ICICI Bank, HDFC Bank etc.
You can send and receive money though this wallet, make online shopping etc.
12.) ICICI Pocket
ICICI bank limited launches their own digital mobile wallet named ICICI Pockets which features such as Pay Anyone, Shop Anywhere, Bank with Ease with any bank customers.
You will get free Virtual Visa card that can be used in all online payment gateway such as Citruspay, PayUMoney etc.
You can even request for physical card also to pay for local POS Merchant sales.
Same like other mobile wallets you can use this for Mobile recharges, Bill payments, and other utility payments etc.
13.) HDFC Chillr
A one stop solution for Digital mobile wallet from HDFC limited named Chillr. They offer multi-banking payment services which includes major nationalised banks in India.
You can load cash in your Digital Wallet which gives you power to transfer funds, send and receive money, request payments and mobile recharges, bill payments etc.
14.) Citi MasterPass
Citi bank India and MasterCard united together launched a mobile wallet “Citi masterpass” for faster and secure online shopping.
They clubbed with 2,50,000 merchants for online shopping enabling faster checkouts with one click payment solutions through your Debit cards, credit cards etc.
15.) State Bank Buddy
State Bank buddy first Indian Mobile Wallet Application available in 13 languages. With their wallet app, you can recharge and pay bills instantly, buy tickets, use to pay POS merchants etc. at free of cost.
You can even withdraw your money to your bank account from SBI buddy.
They offer 24×7 Hrs customer support to give their best services.
Let’s support cashless economy and use Digital Mobile Wallets for all transaction including Mobile Recharges, Bill Payments, DTH Recharges, Utility Payments etc.