Best Mobile Wallet Apps in India- List of Top 10 Mobile Wallet Apps

Get to know about the Best Mobile Wallet Apps in India, via this article. We aim to feature the information about the apps in question here.

Before the demonetization period, the Indian Financial system mostly had cash transactions.

After the ban on older currency notes in the year 2016, the concept of a complete cash-based transaction system has literally transformed.

The usage of wallet apps like Paytm got a huge amount of popularity after this period due to the shortage of physical cash or new notes.

Now, you can easily find different mobile wallet apps in India from the Google Play Store or iOS App Stores. It has a lot of features that you can choose as per your convenience.

Best Mobile Wallet Apps in India – List of Top 10 Mobile Wallet Apps

Here is a list of top Mobile Wallet Apps for Android & iOS Phone users across India.

As you already know, anyone can easily open a mobile wallet by just installing the app.

As suggested by the Reserved Bank of India, some of the important documents need consideration for KYC documents, which you require to operate or use any mobile wallet in a smartphone in India.

You won’t be able to transfer the balance that you have in your mobile wallet to the bank account if it’s not KYC verified through the particular bank.

Mobile wallet is compatible for full KYC Accounts. It allows transactions between mobile wallets in India.

Maximum balance is Rs.10,000 that is for the account that is completely verified and Rs.1,00,000 at any point in time if needed.

Virtual Visa or any kind of Debit card has an option with it to convert into the physical card with an ATM withdrawal facility.

There are also various online offers and features available having a cash back option in it.

Besides, one must remember their Debit card or credit card details or any other social references or details for future online transactions.

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Paytm – Best Mobile Wallet Apps in India

While talking about a mobile wallet, PayTM is the one that always comes first. Initially, Paytm was the first company in India that has transformed the concept of mobile wallets in India.

Also, Paytm was just a simple mobile recharge App, which now has changed into a Payment Bank with more of its features.

Today Paytm is such an app that almost everyone in the country know. It’s now a popular name in India and the most used mobile wallet service providers in almost every part of the country.

It has various features which also makes it a convenient mobile wallet app for the users to operate.

Besides, it is one of the most secure wallet apps in India that you can completely rely on and trust for your transactions.

It also has an option that helps convert Paytm Payment bank account through Aadhar card verification or any paperwork verifications only after the full KYC of the account.

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Google Pay – Top 10 Mobile Wallet Apps in India

Google pay is a digital wallet app and online payment system which is developed by Google to help users to make payments with their android phones.

It has various features such as multiple payment options, send and receive money via audio. Also, it costs no additional charges for usage, there are multiple features for safety purposes as well.

Phonepe – Top Mobile Wallet Apps in India

PhonePe is also considered to be the most popular wallet app in India. It has now been obtained by the well-known company Flipkart.

Initially, it was the first app that helped to transfer money in India. PhonePe is considered to be the official wallet app combined with the well known Flipkart App.

Recently, PhonePe is the second-largest UPI payment app in India The App has a great User Interface. It also contributes to many in-app features along with mobile wallet apps.

Amazon Pay – Best Wallet Apps in India

Amazon Pay mobile wallet is combined with the Amazon India Mobile App which is renowned across the country.

This is too an unsecured type of wallet app which is made available for only Amazon India Customers.

You can keep adding the balance to your wallet and the maximum limit to it is Rs.1 lakh if your account is fully KYC verified.

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Mobikwik Wallet – Top 10 Wallet Apps in India

It is one of the best and great Mobile Wallet App for Android & iOS users in India. Also, it is one of the oldest mobile wallet platforms in India.

You can pay various Bills with this wallet app combined with the Mobikwik wallet.

Pockets App – Top Wallet Apps in India

Pockets digital e-wallet app ranks as the second-best mobile wallet app in the list in India. It is supported by the very well known ICICI bank.

These digital wallet app pockets come with no investments. Pockets digital wallet app is a virtual wallet that has all the Banking facilities with it.

You just have to log in to your Pockets digital e-wallet app, but one should make sure that they have an active or existing account in ICICI Bank.

Using the user id and password that you already have or you can open your own Pockets e-wallet account by installing the app from Play Store or App Store.

Some of its features are

• It is a complete bank account that has the ability to convert into a zero balance account with no balance in your account.
• We can transact payments contactless with various services available.
• Funds can be transferred to different accounts.

Jio Money – Best Mobile Wallet App

Currently, Reliance Jio is a well-known company. Along with many services, it came up with many apps like MyJio app package as well.

Besides, this Jio Money wallet app lets you perform any kind of transactions and make Jio payments as well.

It has certain features like it is a faster mobile wallet app comparatively, you can bookmark your frequently visited merchants and you can flash all your transaction history at once.

Bhim Axis Pay – Top 10 Mobile Wallet App

This Pay UPI app brought by Axis Bank is a UPI functionality that lets you in carrying out transactions, that is, make payments and brings money from any bank account with your mobiles.

You can easily download this app from the Google Play Store or Apple play store. We can link it with any bank account or the active bank account which you have.

It brings the users to send and receive money 24/7 and all the 365 days of the year.

HDFC PayZapp – Top Mobile Wallet App

It is one of the most popular mobile wallet apps in India that is supported by the HDFC Bank. PayZapp is a kind of unsecured type of mobile wallet.

One cannot transfer the balance of the wallet to the Bank Account. It is also one of the top mobile Wallet contributors.

It is also popular for its great cashback facility and rewards program with various websites across India.

Besides, you should make sure that you have an active account or you are a regular customer in HDFC bank.

Then you don’t need to submit your KYC documents for the wallet app operation. This app also automatically links your HDFC bank ID to the App.

FreeCharge App – Best Mobile Wallet App in India

Next great and the most popular one among the Mobile Wallet apps in India is free to charge mobile wallet. This one is a mobile wallet as well as a money transfer app.

This wallet app has various features regarding cashback and discount offers for users across the country. FreeCharge Mobile app is also the oldest Mobile recharge app in India.

What is a Mobile Wallet App?

A mobile wallet app is nothing but a computerized version of the practical bank account having a bounded facility. Anyone can have access to these wallet apps in India.

You can open a wallet app real quick. All you have to do is just download the app from the Android Google Play Store or the Apple App Store.

The mobile wallet integrated with various payment services like transferring cash virtually through the software. Some wallet apps in India even provide a virtual Debit card.

You might already know what a debit card is; it’s basically a plastic card that you use for payment instead of cash while you make a purchase which you can use for any online website across India.

Conclusion – Best Mobile Wallet App in India

These were a list of some of the best and top mobile Wallet Apps in India for both Android as well as iOS users across the country.

According to the Reserved Bank of India, all wallet apps need to have a KYC verified account within the given dates or period for the same to ensure that you have access to the wallet facility without any hurdles.

But practically, today in India there are only a few wallet apps that need to be completely KYC verified.

Therefore, the coming aspects of the mobile wallet in India can’t be predicted as it is quite undetermined.

To make it more convenient and user friendly for the users in India, the KYC verification to some firms has now been transformed.

Many other wallet app providers have started making strategies to make their software and apps more convenient to the users irrespective of all the documents and papers needed.

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