Top And Best 5 Mobile Wallets
1. Paytm (Semi-closed wallet)
This is easily one of the most popular mobile wallet app in India. As a mobile payment service platform launched not so long back in 2014, Paytm has become known to be the only mobile wallet provider in India that also offers a mobile marketplace for online shoppers. This digital wallet is run by One97 company (supported by Alibaba). According to Paytm founder and CEO, Vijay Shekar Sharma, they have become the largest e-commerce transaction platform in India after having easily crossed the magical figure of 50 million customers. In fact, the company aims to cross the 100-million customers mark by 2016. It has gained in popularity and the Twitter tag #PaytmKaro has been trending quite a lot, especially since the Paytm TV advertisement has been showcased.
2. Oxigen Wallet (Semi-closed wallet)
The Oxigen wallet (e-wallet) is powered by Oxigen Services India Private Ltd., that was founded way back in 2004 by Pramod Saxena in tie-up with Blue Label Telecom, which is a South African company, as a payment solutions provider. Though it ventured into the online mobile wallet space only in 2014, it has established itself as a leader among retail outlets for payment services with more than 1,30,000 outlets across India and more than 35 million transactions being conducted on a monthly basis.
3. MobiKwik (Semi-closed wallet)
This is yet another very widely used mobile wallet in India powered by MobiKwik Systems Private Limited. MobiKwik founder and CEO is Bipin Preet Singh. This mobile payment solutions provider also has a payment gateway under the name ‘Zaakpay’. This e-wallet serves more than 17 million customers on its online and offline platform. One can shop across more than 50,000 merchants (such as Cafe Coffee Day, Pizza Hut, Dominos Pizza, Jabong, Snapdeal, Shopclues, etc.) PAN India using this digital wallet service.
4. PayUMoney (Semi-closed wallet)
PayU had launched the PayUMoney e-wallet service in India. The PayUMoney wallet empowers you to make online payment via credit cards, debit cards, netbanking, etc. as well as using the PayUMoney reward points earned (as users get guaranteed rewards for every transaction). You can enjoy secure transactions at more than 65,000 websites and merchants using PayUMoney. A key feature offered is the PayUMoney Buyer Protection that ensures that you get the purchased product or service, else their dispute resolution team will sort it out with the concerned merchant for your rightful purchase and get your money refund.
