All most all Indians – no matter poor or rich, now would have known about the importance of online transactions. As well as about the various E-Wallet services that facilitate it. All credits go to the famous (or infamous?) demonetisation policy deployed by Indian Govt. on 8th November 2016. I don’t wanna go deep into that matter. Instead, want to list some of the best digital wallets in India for doing secure transactions. Since, now everything is going digital, backed by P.M Shri: Narendra Modi’s Digital India Initiative.
Have a look at our collection of Wallets suitable for doing transactions online.
1. PhonePe – Money Transfer, Recharge & Bill Payment
India’s Payment App
Platform: Android or iOS
PhonePe is a UPI(Unified Payment Interface) enabled wallet service owned by e-commerce company Flipkart. Previously known as Flipkart Money, now changed its moniker as PhonePe after initiating UPI service. PhonePe is secure, fast and its UPI service is powered by Yes Bank.
Attractive offers and cashbacks, are what makes the PhonePe one of the best-opted wallet by most Indians.
- Send and request money from your contacts anytime, anywhere.
- Recharge prepaid Mobile for most major operators/Datacard/DTH connections across the country
- Pay postpaid Landline, Datacard and Mobile Bills for all major operators
- Pay for utilities such as electricity and gas bills
- Check your account balance, save beneficiaries and manage multiple bank accounts
- Get refunds and cashbacks to your bank account in an instant
- Split bills with your friends and settle them right away
- Shop on Flipkart, Myntra, Jabong, and other online shopping websites.
2. Paytm
#Paytm Karo
Platform: Android or iOS
Undoubtedly, it may be the most popular wallet among Indians. Paytm raised to fame during those demonetisation days, when people struggled to get hold of paper currencies. 
Paytm is under the New Delhi based parent company One97 Communications. Literally, Paytm stands for “Pay Through Mobile”. Last year Paytm upgraded its wallet service and got the status of Payment Bank registered under RBI.
Paytm Offers following services
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Send / Receive Payment
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Online Recharge and Utility Bill Payment
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Add Money to your Paytm Wallet
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Book Travel Tickets on Paytm – Flights, Bus, Trains
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Shop Online: Paytm is also an online shopping hub consisting of various products.
3. JioMoney Wallet
#IndiaKaNayaCash
Platform: Android or iOS
Reliance Jio Industries limited, which had hit the Indian telecom sector with a storm, has got a plethora of apps in its name. The JioMoney app being the one for payment solutions. Developed and updated by Reliance Payment solutions Ltd. – A subsidiary of RJIL.
JioMoney wallet is specially designed for Jio related recharges and services. However, payments or recharges towards other operators are also supported.
Other services you can exploit includes:
- Pay your insurance premiums digitally
- Book train tickets or Uber cabs, buy tickets at Bookmyshow & Imagica, shop at Groupon & Starbucks, plus thousands of other retailers
- Send to and receive money from family & friends
- Get great deals, coupons and cashback directly on your mobile phone from local merchants
- Recharge your ETC tag and renew your vehicle pass instead of visiting toll booths
- Contribute to a noble cause by paying directly to charitable trusts like Siddhi Vinayak Trust.
4. Bhim – Bharat Interface for Money
#GoCashlessIndia
Platform: Android v4.2 and above
The official payment app of Indian Government. Developed by National Payment Corporation of India (NPCI) under Digital India initiative. It is a UPI integrated payments app, interoperable with other Unified Payment Interface (UPI) applications, & bank accounts for quick money transfers online.
Bhim is the first app to feature Aadhar based transactions and payments, known as instant money payment using Aadhar.
Note: Although, Bhim cannot act as a stand-alone wallet. Due to the public interest in focus, I think it’s worth mentioning in my article.
Conclusion
Online transactions are fast, reliable and easy. And the above-mentioned wallet apps use either advanced TLS or SSL encryption. For ensuring the utmost safety of the users. However, can be dangerous if handled improperly. A second of irresponsible or careless behaviour in the online world could cost you dearly
Other than above-mentioned best wallets in India, there exists Freecharge, Mobikwik, Vodafone mPesa and other wallets. Which are also good in delivering their services.
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