Digital wallets are very useful. You can use digital wallets to make online payments, store money online and more. In India, there are some really good digital wallets that anyone can use to store some amount of their money.
In case I have to pick a wallet, I will pick an e-wallet in this order.
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1. Paytm
Paytm is one of the best e-wallet out there. You can set up a Paytm wallet with minimum effort. After KYC, you can unblock all the features of Paytm wallet and use it to send money to other Paytm wallet users.
You can easily load and unload money in Paytm wallet after full KYC.
You can also get a prepaid debit card linked with the Paytm wallet. You can use that card to spend your wallet’s balance.
Paytm is more than a digital wallet. You can use Paytm to make bill payments, to do recharges and in the process, you can use your wallet’s balance.
2. PhonePe
PhonePe is India’s most popular payment app. Literally, everyone uses it. You can use PhonePe to make bill payments, to send payments and for doing recharges.
PhonePe offers digital wallet facility to its customers. PhonePe e-wallet doesn’t have many features like Paytm.
3. Amazon Pay
We all know Amazon as an e-commerce shopping platform where we can buy anything we want. But most of us don’t know that Amazon is also a payment app.
Amazon also provides digital wallet’s facility in its app. To use Amazon Pay’s digital wallet, you don’t have to download any other app. You can just use it from the Amazon shopping app.
4. Mobikwik
Mobikwik is another digital wallet focused payment app that can be used for keeping money online. Mobikwik is a very good payment app that you can use to make bill payments and to transfer money using e-wallet balance.
5. Freecharge
Freecharge is an online payment app that also provides wallet facility to its customers. You can store your money in Freecharge wallet and use it later to make payments.