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Top 5 Best Online Wallets in India

Top 5 Best Online Wallets in India
Online wallets are the virtual form of cash where we can make payments through debit cards, credit cards, internet banking or the amount of balance in the wallet. It is a novel concept in India to switch the traditional approaches of payment. Different online wallets are developed nowadays with lots of new features and exciting offers. Out of them, I have listed top 5 best online walletsaccording to the reliability of use by the users.


5. State Bank Buddy
-This is one of the online wallet launched by State Bank of India to make easy transfers, bill payments, hotel bookings, shopping, and travel. It offers 13 different languages of India including English.
-The catchy part is that it can be used by non-SBI customers as well. It is built with some interesting features like view mini statement for the banking transactions carried out, transfer funds, set reminders for dues and payments, etc. As SBI is not less than brand so it was not so difficult promoting this app to online friendly customers.

4. Momoe
-This online wallet is Bengaluru-based and developed to focus and cover the retails outlets. Initially, it was started to pay bills of restaurants where one can save their credit card details in the application and make payments in restaurants, grocery stores, salons, rickshaw fares, apparels, etc.
-Since this app allows payment for the restaurant’s bills without waiting for thephysical bill and other ease options like bill splitting and live tiles, it attracted many users in short span of time. It’s currently available in Bangalore only, but soon it is extending its services to six other cities due to its growing popularity.

3. PayUMoney
-This online wallet service started its service last year in Gurgaon. It allows paying for transactions by storing cash in virtual form in the app. It has apartnership with more than 2 lakhs seller to provide alarge range of benefits like discounts, cashback offers on every transaction made.
-It does not createmany complexities for refunds on order cancellations. So many users prefer to use this to ensure right purchase and satisfaction. One very exclusive feature provided by this wallet is that it pickup cash from your doorstep and credit it to your PayUMoney Account (in case you are not accessible with debit or credit card use). Currently, this is available in Gurgaon only.

2. Mobikwik
-It is the online wallet offering its service making atie-up with more than 50000 merchants and retailers. The users can add money to its wallet using their credit card, debit card, internet banking and doorstep collection as well.
-It allows payment of electricity bills, water bills, mobile recharge, Data Card, DTH bill payments, etc. It has tie-ups with some online sites like Yatra.com. OYO Rooms, Dominos Pizza, eBay, etc. for payments which provide exciting offers and cashback.

1. PayTM
-We can’t deny the fact that payTM has become the largest online platform in theonline wallet to store cash in electronic form and make very easy and quick payments. It was launched in 2010 with it features limited to Online bill payments. But later on it tied-up with different merchants, online and offline retailers like grocery stores, travel, entertainment, transfer money, shopping, etc.
-It has made great initiation to make cashless economy by making available most of the commodities and payments in very simple and easy way. It also allows transferring money to and from bank accounts by linking payTM account to users’ bank account. Exciting cash back features are provided to existing and new customers.

Here we have discussed on the top 5 best online wallets in India for making payments. Though it feels complicated for many persons, but, being a user it’s my view that online wallets are one of the easiest and speedy ways for making payments. Once you are familiar with it, definitely you will first always choose to opt e-wallet payment by any site mentioned above.

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