Top 10 Mobile Wallets

After demonetization of Rs 500 and Rs 1000 notes in India, there are lots of Digital Mobile Wallets are get familiar in digital currency market.  Now almost everywhere you can find mobile wallets accepted board on outlets. All mobile wallet providers are now giving lots of offers to the customers. You can avail those offers and save money by using these felicity.

We are here introducing some of the most popular mobile wallets now available in the market. You may already using those wallets we also update the latest offers. So keep visiting for know about the offers.

1. paytm

Paytm is now the top mobile wallet in India. The name is an acronym for "Payment Through Mobile". Paytm is an Indian company started in 2010 by Vijay Shekhar Sharma. In 2015 Paytm started their payment bank Paytm Payments Bank Limited. Now anybody can start a digital savings account by completing the KYC. There no minimum balance required for this digital savings account and we can keep up to 1 Lac of deposit with 4% interest rate.

Just keep in mind that Paytm Wallet and Paytm Payment Bank is two different services. Paytm Payment Bank is a savings account with some limitations. You can also apply for a RuPay debit card with Payment Bank account. Now they are charging Rs 120 for physical debit card and a virtual debit card is available free of cost with every Paytm Payment Bank Digital savings account. As normal savings account you will get Account Number, IFSC Code and also UPI will available soon.

2. airtel money

India's No 1 mobile network provider airtel launched their digital wallet service Airtel Money in 2012. Airtel also launched digital savings bank account Airtel Payment Bank in 2016. Like Paytm airtel also providing savings account after completing KYC. Airtel money also proving a virtual Debit card for the customers.

3. PAYZAPP

Payzaap is a Digital wallet service by HDFC Bank. As of now PayZaap only providing wallet service with a monthly transaction limit of 10000. You can also use Virtual Debit card for online transactions and load money to the wallet using credit card , debit card or internet banking. You can also send money to the mobile number of other PayZaap Users.

4. pockets 

Pocket is a Digital Wallet service started by ICICI Bank. You add money to the wallet account and use that digital money for lot of online transactions. Monthly limit is restricted by 10000. You can also transfer money from wallet to bank account free of cost. You can only add money to pocket account through debit card or internet banking. Credit Card is not accepted for loading balance.

5. PhonePe

PhonePe wallet is launched  by E Commerce company Flipkart. Yes Bank is supporting bank for the wallet. Right now phonepe only accepting debit card or internet banking for loading balance. by registering phonepe account you will get an UPI id for money transfer. wallet to Bank account transfer is also available with PhonePe account with free of cost.

6. Tez

Tez is a payment gateway by google. Actually Tez is not a digital wallet its only offering a payment gateway service. You can't load money to the Tez account. You need to add your bank account with tez account. You can add multiple bank accounts and set one of them as default. All money transaction will be  through the default bank account. You can send money to the other tez users or to the UPI id. The Money received to the tez app will directly transferred to the default bank account.

7. Mobikwik

Mobikwik is a digital wallet app.  You can add money either using debit card or credit card to the wallet account. You can also transfer the balance to bank account with 3% of transaction charges. Mobikwik giving lot of cashback of to the users. But unfortunately you can only use some percentage of those cashback money  during the transaction. For mobile recharging they only allow you to use less than 5% of money that you have received through cashback offer. So ultimately their cashback is a useless if you are comparing with other wallets.

8. amazonpay

World number 1 e commerce company also started their digital wallet account called amazon pay. Right now they are only offering very limited services. Their monthly transaction limit is 10000. You will get some cashback offers in amazon website and redbus through amazon pay

9. Digi Bank

Digi bank is a digital wallet by Singapore based bank DBS. They are also providing Digital Savings account to their customers after completing e-KYC. Both physical and virtual debit cards are available with Digi Bank. After completing e-KYC they will send you physical debit card at free of cost :)

10. Kotak 811

Kotal 811 is a digital wallet service by Kotak Bank. You can also start zero balance Digital Savings account after completing the KYC. They are providing virtual debit card with free and a physical debit card with the cost of 250.

These are the popular wallet accounts. Other than this Idea, Vodafone, SBI also offering digital wallets but these are not much popular right now.