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Check out the Top 10 Mobile wallets in India to make Online Transfers

mobile wallet

E-wallets have become the major platform for transactions in India.  With the massive push for the cashless economy by Government, people are now downloading e-wallets for transactions to happen in a digital way. Sustained by the ban on Rs 500, Rs 1000 currency notes in India, Mobile wallet concept is surpassing debit card usage.

The mobile wallet concept is replacing traditional payment methods. This virtual mobile-based wallet stores cash for making mobile, online or offline payments. Several types of mobile wallets are present in India, such as open, semi-open, semi-closed and closed. Choose the right one for you based on the type of usage and payments which you opt to make.

Here we provide you top 10 mobile wallets in India and what they offer you:

PayTM

PayTM, one of the India’s largest mobile commerce platforms offers a digital wallet to make e-commerce transactions. Apart from that, PayTM wallet can also be used to, transfer money, make bill payments and to get services from merchants from entertainment, travel and retail industry.

The company has also partnered with premium educational institutions in India and introduced cashless payments for bills, fees, and other expenses. The mobile wallet has a huge user base in the country with more than 1,000,000+ app installs.

Transfer Money to Bank Accounts Made Easy by Paytm at 1% fee charges

Momoe

This Bengaluru-based startup focuses on changing the stereotypic way of paying while eating out, travel and shop. Using the Momoe app, you can store the details of credit card and make mobile payments at various grocery stores, restaurants, apparel, salons and other retail outlets.

The users can see live tabs, split bills and pay directly, without waiting for a physical bill to arrive. As of now, the app only serves Bangalore and will expand their services to six new cities soon.

PayUMoney

PayUMoney, Gurgaon-based online payment solutions Company, has launched its e-wallet last year. It enables a user to store money and make various transactions. PayUMoney stands unique among other apps by providing a broad range of benefits which include one-touch checkout and discounts / cashback offers on each transaction.

PayUMoney also provides instant refunds when an order is canceled. Ensuring buyer to choose right purchase and customer satisfaction is centered by the e-wallet.

Mobikwik

This independent mobile payment network connects 25 million users with 50,000 retailers and more. The mobile wallet allows its users to add money using debit, credit card, net banking and also provides doorstep cash collection service. Mobikwik can be utilized for mobile recharge, pay utility bills and shop at marketplaces.

Recently, MobiKwik has tied up with large and small time restaurants grocery, and other offline merchants to meet the growing need.

Soon you can book your IRCTC train tickets on e-wallets like PayTm, JioMoney and Airtel Money

Citrus Pay

Citrus Pay is a popular e-wallet app for payments, cash storage, and money transfers. Besides, tie up with online service providers from varied sectors, Citrus Pay has collaborated with gifting and shopping portal Woohoo. This lets customers shop at more than 5000 offline stores listed with them.

State Bank buddy

State Bank of India launched mobile wallet application to let users pay bills, recharge, transfer money to other bank accounts and users, book for hotels, movies, shopping as well as travel.

This semi-closed prepaid wallet serves in 13 languages and is made available for non-SBI customers too. This app also allows customers to set reminders for money transfers, dues and view the mini-statement for the transactions carried out.

Citi Masterpass

‘Citi MasterPass’ launched by Citi Bank India and MasterCard. The company claims this as India’s first global digital wallet for faster and secure online shopping. Citi Bank Debit and Credit card holders become the first to be able to shop at more than 250,000 e-commerce merchants. It also ensures faster checkout with a single touch or clicks and stores all your debit, credit, prepaid, loyalty cards and shipping details in one place.

ICICI Pockets

This digital bank by ICIC offers a mobile wallet for its customers. It provides all the privilege of using any bank account in India to fund your mobile wallet and pay for transactions. With ICIC Pockets, you can transfer money, book tickets, recharge mobiles, send gifts and split expenses with friends. This Virtual VISA card enables its users to transact on the mobile application or any website in India and provides exclusive deals or packages from associated brands.

Jio Money Wallet Application launched Android and iOS

HDFC chillr

Chillr created by HDFC is an instant money transfer app to simplify payment process and money transfer for its customers. You can transfer money to anyone in your contacts by using this mobile payment app, thereby cutting out on the hassles of adding a beneficiary. This exclusive HDFC Bank customers service can be used to recharge, send money, split bills, request or transfer funds and will be able to pay at online & offline stores soon.

LIME

The third-largest private sector bank Axis Bank launched ‘LIME.’ This application offers payments, mobile wallet, shopping, and regular banking facilities. This mobile wallet service is available for both account & non-account holders and allows the user to add money using credit, debit, and net banking details. Sharing of the wallet is also enabled for a particular purpose.

Soon you can book your IRCTC train tickets on e-wallets like PayTm, JioMoney and Airtel Money

Now you can book your IRCTC train tickets on e-wallets like PayTm

Want to book your train ticket in easiest way without standing in a queue for a long time!!! The Indian Railway Catering and Tourism Corporation (IRCTC) have come up with a new plan to reduce the passengers rush.

IRCTC is introducing a new method for booking unreserved tickets through e-wallets like JioMoney, PayTm, and Airtel Money soon. In a bid to control the rush at booking counters, IRCTC has come up with this new announcement and people can book the railway tickets through e-wallets.

IRCTC Partners with MobiKwik on E-cash Payment for Tatkal Bookings

“Unreserved ticketing forms a huge chunk of the Railways’ total ticket sale in a day, and we want to tap this sector through e-commerce,” said a senior Railway Ministry official.

According to the reports, many top mobile wallet companies are keen to team up with the Indian Railways. Currently, many mobile wallet companies are already operating for cinema tickets, booking taxies and other services.

By joining in the Indian Railways will offer a significant scope for the private companies. The railways will not bear any cost for booking through e-wallets. Instead, the private mobile companies will get the commission for one ticket those who book through respective e-wallets.

The officials said that this move would be a win-win proposition for the Indian Railways and also for the e-wallet companies. So from now onwards, people can book their ticket through e-wallets such PayTm, Airtel Money, and JioMoney.

IRCTC Announces Major Upgrades to all AC-III Tier Coaches

At present, the mobile ticketing options are available in few suburban cities such as Chennai, Delhi-Palwal, and Mumbai. As per the reports of IRCTC, the uses of e-wallets like PayTm in the ticket reservation system will boost up the paperless mobile ticket operation.

An Indian railway is one of the biggest railway systems in the world. Around 23 million passengers will travel every day, and out of them six percent are reserved category and the rest travel in unreserved boogies. As a part of ‘Digital India’ mission, the railways are planning to expand the e-wallet system operational from next year throughout the country.

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