Having one of the best wallet apps in India on your smartphone can make it easy for you to make payments online. With this type of app, you can easily connect all your bank accounts or credit cards and make effortless payments.
If you carry your cards everywhere, there is a high risk of theft or loss. This is why it’s ideal to link your cards with the app and keep them safely at home. This way, you can easily access your savings account, current account or credit card funds with zero risk.
Top Wallet Apps in India
Here are some of the top mobile wallet apps available in India that you can choose from and the process to link them.
- Apple Pay
If you have an iPhone, you can use Apple Pay to send and receive money by linking it with your cards. It is one of the best apps for wallets because it has Apple’s top-notch security measures. You can even make payments with the Apple Watch.
- Amazon Pay
This is a closed-type wallet where you can add money and make online payments while shopping on Amazon. This app makes it easy to pay bills, buy insurance, buy gift cards, vouchers, tickets and more.
- Google Pay
If you’re looking for a safe digital wallet, opting for GPay may be the right choice. This app also offers you a number of opportunities to earn cashback and discounts, with all your payments being secure and tokenised.
- MobiKwik
This is one of the most popular names on the list of best wallet apps in India. Since 2009, it has been trusted by over 140 million registered users. To use this app, you simply need to link your bank account with the app, and you start spending your money.
However, if you want to access a digital wallet without linking a bank account in India, simply use the Pocket UPI feature. This allows you to make UPI payments directly from the MobiKwik wallet by simply scanning the QR code.
- Paytm
It is India’s most popular payment app with many other banking and financial services. With this app, you can easily save money, which can be useful for making instant purchases, especially during emergencies. Some payments can earn you cashback and rewards when made from a wallet.
- PhonePe
This is a free to use wallet, using which you can make all types of financial transactions securely and quickly. You can link all your bank accounts and credit cards without limit and transfer funds to your wallet with UPI.
- WhatsApp Pay
Since the merger with Meta, you can use the WhatsApp mobile wallet app to send and receive money over chat. Once you have linked your bank account, you can make a fund transfer to your friends and family in just a few clicks.
Also Read: RBI Has Made e-Wallet Safer For Users
In addition, these are a few payment wallets in India issued by banks.
| Bank | Application Name |
|---|---|
| Axis Bank | BHIM Axis Pay |
| HDFC Bank | HDFC PayZapp |
| Punjab National Bank | PNB ONE |
| ICICI Bank | ICICI Pockets |
| IDBI Bank | Go Mobile+ App |
| State Bank of India | Yono (SBI) |
| Yes Bank | Yes Pay |
Also Read: What is Digital Rupee
Linking Cards with a Mobile Wallet
Here are the steps to link a bank account with any of the payment wallets in India.
- Step 1: Launch the mobile app
- Step 2: Go to the profile
- Step 3: Click on the ‘Bank Account’ or ‘Link Bank Account’ option
- Step 4: Find your issuer from the list of banks
- Step 5: Enter your card details
Once you have linked your bank account or credit card with these apps, you can use either option to load your mobile wallet. If you wish to use your digital wallet without a bank account in India, you must link it with a credit card.
However, not all credit cards can be linked with a mobile app if they are UPI-enabled. The Fibe Axis Bank Credit Card is one such card that allows you to make UPI-based online payments without any extra charges.
As India’s first numberless metal credit card, it gives you up to 3% cashback on all online and offline payments. It also comes with a 1% fuel surcharge waiver and a wide range of offers and discounts for additional savings. Download the Fibe App to apply for this lifetime-free credit card now.
FAQs on Wallet Apps in India
Is wallet better than UPI?
The wallet acts as an intermediary between bank accounts where you can store funds and use them anytime, but UPI initiates a direct bank-to-bank transfer. You can use either option as per your preference.
Is GPay a mobile wallet?
Yes, Google Pay is one of the best apps for wallets, which you can use to make online payments.
Is PhonePe wallet safe?
Yes, PhonePe is a safe app with robust security measures.
Which is the safest online wallet?
Finding the best wallet apps in India is not a difficult task. It’s best that you visit and download the app from Google Play Store or App Store.Check the reviews and assess the security features before you choose an app.
