Digital e-wallet apps have become quite common since we have learned to go digital. The cashless economy is more transparent and convenient for both government and public due to which digital payments are in trend. Since demonetization was introduced, most of the people vowed to learn cashless transactions.
Gone are the ways when you used to keep bucks in your bag while going for shopping. Now, a simple app has taken place of cash, cheques, and even debit cards. These apps are not only easy to use but are widely used throughout the nation. From tea vendors to grocery shops, the use of digital e-wallets has become quite normal. Let us have a look at some of the top digital e-wallet apps in India.
Top Digital E-wallet Apps
1. Google Pay
Google Pay also known as G-pay has been one of the most common digital e-wallet apps. It is also known as the Tez app. G-pay has been developed by the most reliable and popular company Google. G-pay has been designed to promote transactions in a fast, speedy, and convenient manner. The best part about the app is that no special KYC is required for the app. The account can be generated most directly. The users have to link their bank accounts with the G-pay ID.
As Google Pay does not send OTP to the phone number of the user and uses a simple UPI interface, people began to question its security. But Google came up and proved that the app is totally secure to use. The app has a double PIN system in which to make a transaction, you have to enter two PINs. The first PIN is the PIN of the phone itself while the second PIN is a unique number. The app also comes up with various cashback through its scratch cards. Along with money transactions, the app also allows users to recharge DTH, mobile network, booking movie tickets, and pay bills.
Paytm is the oldest in a run of digital e-wallet apps and obviously, the credit of revolutionizing the e-wallet system goes to Paytm. Paytm does not use the UPI interface but it an e-wallet in true sense. In Paytm, you transfer money and use it accordingly. You need KYC and proper documents to make an account on Paytm. Since its launch in 2010, it has been the top digital e-wallet in India.
Not only for money transactions but also for booking movie tickets, paying bills, recharging your mobile network, DTH, and many more. Paytm has also introduced Paytm Mall where you can shop effectively along with good offers. Paytm has been effectively giving cashback to all its customers to attract them.
3. Amazon Pay
Amazon Pay is an e-wallet app introduced by the online shopping platform Amazon globally. The app is very easy to use. It allows users to use their Amazon accounts for payments. The benefit of using Amazon Pay is that the users get good offers on Amazon, BigBasket, and some other platforms. Amazon Pay can also be used for more that one purpose. You can use it for money transactions, payment of bills, recharge, booking movie tickets, shopping, and many more.
4. Ola Money
Ola Money is one of the apps which has made the dream of cashless travel possible for everyone. Ola is one of the top apps for booking cabs. Ola Money is its variant which can be used to pay cashless while traveling. Not only this but you can also use Ola Money for buying groceries, shopping online, booking tickets, and many more. Ola Money is a very convenient and safe e-wallet. Going digital with Ola Money is quite easy.
BHIM uses the UPI interface for making payments easy. It was developed by the National Payments Corporat9ion of India. The app was named after B.R. Ambedkar. It is available in 16 languages and it is very easy and convenient to use. The app can be used for online shopping and transferring money to other accounts. It can also be used for paying bills, booking tickets, and many more. BHIM is very easy and convenient to use. It is making cashless payments safe and easy.
Mobiwik has been connected with over 50,000 retailers. The number of users is increasing day by day as the app helps the users to add money easily. The users have to add their bank account details to connect with Mobiwik. The app is very easy to use and it helps its 25 million users to recharge, pay bills, book tickets, and shop online through various platforms. The app has also been connected with a chain of restaurants and mega marts which helps the users to get good offers and make payments convenient.
PhonePe is one of the safest apps which uses the UPI interface to make payment experience of the user easier. PhonePe is very easy to use. It began as a digital e-wallet app back in 2015 but currently,, it has become a part of Flipkart which has increased the authentic city of the app and made it more reliable. The best part about the app is its high-quality UI which makes the experience of the user more and more user friendly. It can be used for all the basic purposes like shopping, booking tickets, paying bills and many more. It also offers good offers to its customers.
8. SBI Yono
SBI Yono is one of the most reliable and safest digital e-wallet apps for SBI users. Online banking has become a very common phenomenon which is a reliable experience for a user. It becomes more convenient for a user to use a digital e-wallet which is introduced by their bank and combines the concept of online banking and e-wallet. SBI Yono is that kind of app. Earlier, the users had to enter proper usernames and passwords every time before making payments but not an option to generate an easy pin has also bee provided to make the experience of the user better. SBI Yono can be used for shopping, paying bills, buying tickets, transferring money, and many more.
JioMoney is an e-wallet app that was launched by Jio. But it is not necessary to have Jio as your network to use this app. Even non-Jio users can also use it. JioMoney is an efficient way to shop and transfer money with good offers and discounts. If you have an LYF phone, you will get exclusive access to the app with better offers and discounts from some selected retailers. The app is also beneficial if you want to visit some retailers or merchants that you visit frequently so that your shopping experience becomes better.
Freecharge is an Indian digital marketplace based in Gurugram. It can be used for a wide variety of financial services such as savings. Payments, mending, and instruments. Users can easily pay their bills, recharge their networks, recharge their metro cards, and many more. It is an easy to use app which is getting popularity widely. It is powered by Axis Bank. Freecharge UPI uses the users to make, easy and safe transactions.
Digital e-wallet apps have been necessary for the time of cashless transactions. These are safer and convenient than cash transactions. The above list includes some of the most common, reliable, safest, and popular digital e-wallet apps which will not only improvise your experience but also keep you ahead in terms of technology.