Banking has been evolved to the next level in India. Within no time India has seen the demonetization and new currency and digitalization as well. Now, we’re living in a nation where mobile wallet apps are useful for money transactions. If you are striving to have a look at the best mobile wallet apps for Android in 2020? Then check out this post of 7 best mobile wallet apps for Android in India.
These payment wallets are the virtual place to safeguard your money, pay to others and perform most banking functions with ease. So, let’s check out the best mobile wallet apps for Android in India.
7 Best Mobile wallet apps for Android:
In this list of the 7 best mobile wallet apps for Android in India, we have listed all the popular apps which you can use to make the secure online payments from your android device. So, let’s check out them in this mobile wallet post.
Popular and Best Mobile Wallet Apps for Android Google Pay or Tez:
Google pay is one of the best mobile wallet apps for India its popularly known as the Tez later its name is changed into the Google Pay – Payments app from Google. This app helps users to pay funds to other bank accounts with ease. It supports almost all the banks in India. This Google Pay app works perfectly with the support of UPI.
Right after adding your bank account and setting the UPI PIN, you can easily send or receive payment directly into your bank account with ease. With the help of Google pay you can do all types of transactions such as through Google Pay Number, Bank Account details, QR Code, and even with UPI ID as well.
The special part of Google Pay is it gives you rewards while doing the payment to others. You can get a chance to win money, coupons, and more through its Google rewards. Google has kept the special Tez shield to its transactions so you really don’t have to worry about the money, hacking or other online theft.
In google pay, you can even set google pin or you can use fingerprint as security to open the App. The best part is the daily transaction limit is above 1 lakh per day and 20 times across all the UPI apps out there.
Best Mobile Wallet Apps for Android Paytm:
Most of you might already be using this popular mobile wallet for daily transaction. Paytm is one of the most popular wallets and e-commerce platforms in India. It offers lots of digital payment process and it also has its own bank as well. This premium digital service was launched in 2010 and it works as the closed mobile market, where customers can load money into their wallets and make payments. Along with these it also accepts all the eCommerce, travel, retail, and other industries transactions.
Paytm also partnered with lots of schools, electricity board and other sectors to make India run towards the cashless economy.
Paytm is the e-payment brand of India’s leading mobile internet company One97 Communications. The payment app uses VeriSign certified 128-bit encryption technology for secure payments.
Paytm has been widely popular in India mainly because of its offers and cash-backs. It usually gives cashback for all the purchases depending upon what transaction you have done. Interestingly if you hold a saving bank account then PayTm will offer you all the banking services at no extra cost.
Coming to the cash limit, you can keep up to 1lakh INR of deposit in your savings account and can earn an interest of 4% every month from it. It also offers special features to sell or buy digital gold as well.
Paytm has made shopping effortless for Indian users. With just a few clicks you can find all the products hovering in its paytm marketplace. Apart from that, you can use add up to 20,000 per month if you are a non-KYC. But, if you are KYC verified customer you can add up to 1lakh INR
Popular Mobile Wallet PhonePe:
PhonePe is the other popular mobile wallet in India and this was supported by the popular YES Bank. This Phonepe uses a mobile number or UPI to make payments. Currently, this Phonepe is one of the most popular and most heard wallets in social media mainly due to its advertisements.
This app consists of different payment options and possesses its own limits. Users can do transactions up to 1lakh per transaction through the phonepe. Similarly to Google Pay, Phone Pe has a refund policy where you can get rewards for every transaction.
Apart from the rewards, this special app also gives users the chance to redeem their cashback for mobile recharges, merchant payments, bill payments and so on. Generally, the Phonepe cashback will not be reverted to the bank account, you can only use them for recharges and more. Whereas reward money will be directly deposited into your bank account.
Similar to the other e-wallet apps phonepe can also scan QR codes and perform the UPI based payments. The special part of this app is you can find the apps section with different apps such as Fassos, Dominos, Ola, booking.com and more. You can access all these apps and pay directly from the Phonepe app without opening other apps.
Govt. Supported Mobile Wallet- BHIM UPI:
BHIM is one of the best mobile wallet apps for Android in India. Its full name is Bharat interface of Money and its government-supported digital payment, especially for India and Indians. This BHIM works mainly on the principle of the Unified Payment Interface method which is also called as UPI.
Soon after downloading and installing the app you have to register and set your own UPI PIN for your bank accounts to make easier transactions with robust protection. This payment app normally uses a UPI PIN for all those transactions. As India is running towards the digital payment this app allows you to access multiple bank accounts in this BHIM App.
This makes the payment process much easier, you can pay either by bank account, IFSC code or through Mobile number, Aadhaar number and QR Code as well. If you’re aadhaar card is attached to the bank account then the payment process from this app makes it hasslefree.
The Aadhaar payment on the BHIM App will not require any registration with UPI or bank. All you have to do is enable this feature while you are adding a bank account to the Aadhaar card. The transaction limit per bank account in a day is Rs. 40,000 in this BHIM app. This app also supports 13 Indian languages and compatible with all the Android versions above 4.0.
MobiKwik is a private mobile wallet app for Android. It’s one of the best private mobile wallet apps for Android. This app is available in both the Android and IOS devices and it has some cool great features as well.
With this app, you can quickly send or receive money, pay your utility bills and easily do recharges. Most of the people love this mobile wallet mainly because it offers lots of coupons and cashback.
This app allows users to shop comfortably and the best part is it even offers instant cash loans for qualified members. Along with those it also accepts UPI based payment similar to the other mobile wallets. In order to get all the benefits from mobikwik, you have to be KYC verified.
MobiKwik is a secure payment gateway, where you can enjoy more than 2,50,00 options and you can get huge discounts while buying products. With this app, you can pay for your fuel bills, electricity bills, gas, water, and other EMI as well. If you want to avoid late charges you can auto-detect amount from your account with its auto-detect feature.
PayZapp is yet another mobile wallet app for Android which is powered by HDFC bank. It’s a complete payment solution you need in this digitalized world. It’s one Click payment option that helps you to recharge your mobile, pay utility bills, DTH recharges, book flight tickets and so on.
In this app with recharges and other payments, you can also pay for Travel, Shopping, movies and much more in just one click. This app supports Bharat QR, mVisa QR, Rupay QR and more.
With PayZapp you can avail great offers at different stores and the best part is getting a discount on the flight tickets, movie tickets and international longue access as well.
To use this app all you have to do is link your credit or debit card and verify your card details. From then you can easily do all the transactions with the one-click payment option.
ICICI Pockets are the cool mobile wallet apps for Android which is powered by the ICICI. It’s a digital bank app that offers great wallet options for their customers. It provides the convenience of banking and helps users to pay for all their transactions. With the help of ICICI pockets, you can transfer money from one account to another account. You can pay bills, book tickets, send gifts, and you can even split bills between friends.
This ICICI Pockets app acts as the virtual VISA card that enables its users to do transactions from any bank and it also provides exclusive deals and discounts for its users. With this app, you can even pay your credit card bills and it’s one of the coolest apps you should be using. This is all about the best mobile wallet apps for Android in India.