The demonetization of Rs 500 and Rs 1000 currency notes has been working mainly in favor of mobile wallets in India, which led to an increase in the list of e-wallets in India.
While most e-wallets can only be used online and for money transfers from wallet to wallet with a limit of Rs 10000, they can’t be used at shops as most merchants are unaware of Online Payment Wallets.
So, here I will list the top mobile wallets in India, including the providers of physical Visa prepaid debit cards, which many merchants can use either online or offline.
Also, some of these online payment wallets can be converted into a bank account to increase your usage limit.
Best Digital Wallets in India
1. HDFC PayZapp
It also functions as a digital wallet, allowing you to store money and avoid carrying cash or cards. PayZapp can create a virtual credit card linked to your account for added security in online transactions, ensuring your actual card details remain safe.
Whether you’re an HDFC Bank customer or not, PayZapp offers convenience, security, and potential rewards on your transactions, making it a helpful tool for keeping your finances organized and accessible.
2. Zeta for Employees (Closed)
They will issue a Zeta Super Card, a MasterCard-powered physical card that can be used at any merchant that accepts card payments online or at a store. Companies use this Wallet to issue a gift card to their employees.
3. Pockets-UPI, Wallet, QR Payments
Extra Features
- NFC Touch & pay
- Bank with ease – Can be converted into a bank account.
- UPI
4. Slonkit
Slonkit is the perfect money management tool and a famous mobile wallet company for the young generation in India. It helps parents to teach more competent money management to their children. It combines a mobile app and a personalized reloadable prepaid card powered by VISA and DCB Bank.
The physical card can be used online and offline, like a debit card, wherever VISA is accepted. And it is FREE! Slonkit is not linked to a bank account; it is safe and secure. If you lose/misplace the card, you can suspend it via the Slonkit app.
5. Paytm
PayTM is one of the biggest mobile wallets in India. They are offering their customers a digital wallet in India to store money. Recently, they were allowed to make a Zero Balance Paytm bank account.
The new bank account allows you to open a fixed deposit and savings and has a debit card facility. PayTM can also accept payment at merchants, bill payments, transfer money, buy tickets, and shop.
6.PhonePe – UPI Payments, Recharges & Money Transfer
PhonePe is similar to the Paytm app, which offers Wallet and BHIM UPI. You can also pay your credit card and other bills or use your wallet to recharge your mobile phone. This app also supports instant payments at your favorite offline and online stores. Tough Deleting an account on the PhonePe app is not easy. You Can check out our guide to permanently delete your PhonePe account.
The above list of e-wallets in India is secured and can be used in most places without any trouble. In a Comment Section, let us know if you know about similar payment wallets in India.
7. Amazon Pay
Amazon Pay Wallet functions like a digital piggy bank within your Amazon account. You can add money to it from your bank account, debit card, or even cash at certain locations (depending on your account type).
This balance can be used for easy payments on Amazon.com or at stores that accept Amazon Pay. It simplifies the checkout process by eliminating the need to enter your card details each time and adds an extra layer of security since your linked card information isn’t used directly.
