India is slowly inching towards a cashless economy. In cashless economies, most of the transactions are done online without paying hard cash. Most people especially youths of India are probably using smartphones these days. Many of them already using mobile wallets to recharge their phones. Some of them even use mobile wallets in India to pay bills, send money and make payments.
Mobile wallets for android are also helping India to become a cashless economy. Android play store contains too many mobile wallet apps. Most of them are great and feature-rich. Hence choosing an app among them is very hard. In this post, I am going to make it easy for you.
You may also like: Top 6 Android Apps for Cashless Payments
Here is the list of top 5 best mobile wallets for Android in India in no particular order.
Best Mobile Wallets in India for Android
The first mobile wallet in our list is Paytm. It is one of the best mobile wallets in India. Whether you want to just recharge your phone or pay your utility bills Paytm can do all this easily. You can send or receive payments with ease using Paytm. You can also pay for your cab or taxi rides with Uber, Taxiforsure, Meru cabs and Jugnoo.
Moreover, thanks to its merchant sign up feature, you can now pay at your local shops via Paytm. It uses QR code/mobile number to make these payments. The payment you receive in Paytm wallet can be easily transferred to your bank account. Paytm can also be used as a shopping app. It gives amazing cashback offers in recharge, bill payment and shopping. With more than 50 million downloads on android play store, Paytm is most downloaded android mobile wallet in India.
If Paytm is the king of features then freecharge is the king of speed. Freecharge is no doubt one of the fastest mobile wallets in India. It also has a great set of features including recharges, bill payments, hotel bookings and ticket bookings. It makes your transactions completely cashless.
You can send pay or send money, request and accept payments using freecharge without much hassle. Just like QR code on Paytm, it uses paytag to make payments. Amazing offers, clean user interface and virtual card feature make it a must have mobile wallet in India. I have also written a comparison post on Paytm vs Freecharge 2017. Read it to know which of these is better. You may also like to read Top 10 Reasons why Freecharge is better than Paytm.
Mobikwik is another big player in the market of mobile wallets in India. Over 40 million use Mobikwik in India for recharge, bill payments, sending money, bus ticket booking and much more. Mobikwik allows you to enjoy amazing cashback offers on transactions. It is a fast, reliable and easy to use app with a minimal user interface.
One of its great features is cash pickup feature. You can request for cash pickup using mobikwik wallet. Within 30 minutes mobikwik agent will come to you and load your cash in the mobikwik wallet by taking hard cash from you. Currently, this service is available only in Delhi/NCR, Mumbai. Jaipur and surat. But they are planning to expand it to more cities.
4- State Bank buddy
State Bank Buddy is one of the best mobile wallets in India. It is also one of the most secure mobile wallets in India. People often misjudge that it is for the state bank customers only. It is not true. Anyone with a smartphone can use state bank buddy app. You can load cash in it using net banking and debit card from any bank.
State bank buddy lets you pay your electricity, water, gas and landline bills. You can also use it to pay your insurance premium of many insurance companies. It can also be used for sending money to another state bank buddy user using mobile number only. You can use the app to pay for your movie, train, flight and bus tickets. Hotel and car booking features are also there.
5- ICICI Pockets
Just Like State bank buddy, ICICI Pockets is also available for ICICI bank customers and non-customers. Pockets app has perhaps most eye-catchy and easy to use interface. Pockets has all the basic mobile wallet features along with some unique features. These features include recharge, pay bills, send and request money, Pockets savings account, Pockets VISA card, UPI integration and much more. The list of features is too long to include here.
ICICI Pockets app also has QR code and NFC features to make payments. If I name ICICI Pockets a full package of financial apps it won’t be a hyperbole. It has all the features which make almost all transactions cashless. This is why it is one of the best mobile wallets in India.
These are the top picks for best mobile E-wallets in India. Which of these is your favourite? Which E-Wallet app do you use? Do let us know in the comments. If you like this post do share it with friends.