Online mobile wallets have made huge changes in consumer behavior in India through streamlining the online payments ecosystem in India and also making it safe. The trend which started with PayTM and PhonePe is now picking up a serious pace through giants like Google Pay and Amazon Pay now entering the market. Right from doing an online recharge to paying at a restaurant, these mobile wallets have revolutionized the way we shop. The following are the top 10 mobile wallets in India.
- Google Pay
Being a part of the massive Google ecosystem, this app has made huge grounds despite being a late entrant. This app makes sending money to friends and family super easy as the bank account can be linked with phone numbers and email ids seamlessly. This app has reduced the inherent redundancy in the traditional wallets and allows direct bank transfers through its platform.
- PayTM
PayTM by far has the largest user base in India. PayTM is a pioneer in the field of online payments in India. This online wallet can be used to do online recharge of prepaid and postpaid phones along with other utility services.
- BHIM Axis Pay
BHIM Axis Pay uses UPI technology to transfer money instantly to family and friends without putting a lot of effort. This app can be used to make online recharge as well as to pay for DTH services monthly.
- PhonePe
PhonePe is one of the pioneers in the field of UPI based online payment wallets in India. This app has a great user interface with excellent cashback options. With the integration of a lot of mini-apps in this app, there is a lot that you can do through this app. From online recharge to booking a cab, everything is possible.
- Mobikwik
Mobikwik is also another Indian startup application that provides a great interface and platform for online payments. The integrated wallet is also very efficient. Mobikwik is famous for its attractive deals and discounts. There are various interesting features that make it a distinguished app among others available in the market.
- Yono by SBI
You Only Need One (YONO) is SBI’s one-stop-solution app for all transactions. Despite being a personal banking app, the features available on the app including QR scanning technology, UPI payments, and an attractive reward point mechanism gives it a great edge over its competitors.
- Citi MasterPass
This is a joint product of Citi Bank India and MasterCard. This is also India’s first global digital wallet which allows faster and secure online payments.
- ICICI Pockets
Pockets by ICICI is a banking service application which comes with an inherent online wallet. This can be used to do online recharge and payments at shops and restaurants. Being attached to a bank, the process of adding money or redeeming reward points is not that tough in this case.
- HDFC PayZapp
PayZapp is a product of HDFC bank which was launched as a single payment solution for its customers. With PayZapp, you can do online recharge mobile, DTH, and data card as well as pay utility bills.
- Amazon Pay
Amazon Pay was launched by Amazon to compete in the already booming online payments sector. Due to the huge influx of customers on its retail app, Amazon has quickly gathered pace and is becoming one of the most preferred online wallets in India. Amazon Pay provides great cashback and reward points not only on purchases done on Amazon but on any other payments done using its wallet. Amazon can be used to do online recharge for prepaid and postpaid phone services.
These are the top 10 mobile wallets and online payments app in India. These apps also provide good cashback and reward point mechanism to consumers and thus, engaging them for a longer period.
