Mobile wallet payments makes paying through your mobile phone easy. Find out Top 9 Mobile wallets Payments Companies of India in 2023.
Mobile wallets contain debit and credit card information, allowing users to shop without cash or cards. Mobile wallet payments can be used for online shopping, bill payments, transportation, and in-person purchases at retailers and restaurants that accept them. NFC technology allows the mobile device and payment terminal to communicate.
Here are the Top 9 Mobile wallets Payments Companies of India in 2023:
1) Paytm
Indian mobile wallet and financial services firm Paytm is popular. The firm was launched in 2010 as a platform for mobile recharges and bill payments, but it now offers many financial goods and services.
Paytm offers a digital wallet for cellphone recharges, utility bill payments, cinema tickets, trip reservations, and online shopping. The portal includes savings accounts, credit cards, and insurance.
2) Google Pay
Google Pay is a popular mobile wallet and digital payments platform from Google. India’s top digital payment company started in 2017.
Google Pay offers a digital wallet for cell recharges, bill payments, trip bookings, and online shopping. The website provides credit cards, insurance, and investments.
Google Pay’s interface with NPCI’s real-time payments system, Unified Payments Interface (UPI), is a crucial feature. This connection lets users transfer money from their bank accounts to other users or merchants without transaction fees.
3) PhonePe
Indian mobile wallet and digital banking platform PhonePe is popular. The firm was started in 2015 and purchased by Flipkart, now Walmart, in 2016.
PhonePe offers a digital wallet for cellphone recharges, bill payments, trip bookings, and online shopping. The site offers credit cards, insurance, and mutual funds.
PhonePe’s connection with NPCI’s real-time payments system Unified Payments Interface (UPI) is a crucial feature. This connection lets users transfer money from their bank accounts to other users or merchants without transaction fees.
4) Amazon Pay
Amazon Pay is an online payment and wallet platform. India’s top digital payment company started in 2016.
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Amazon Pay allows customers to save money and make payments for cellphone recharges, bill payments, trip bookings, and online shopping on Amazon and partner websites. The portal also sells credit cards and insurance.
Amazon Prime integration with Amazon Pay gives consumers cashback benefits and savings. Amazon Pay’s “Scan and Pay” function lets consumers pay in-store by scanning QR codes.
5) Mobikwik
Indian mobile wallet and digital payments startup MobiKwik is popular. Since its 2009 founding, the firm has become a significant digital payment provider.
MobiKwik offers a digital wallet for cellphone recharges, bill payments, trip bookings, and online shopping. The portal provides credit cards, insurance, and loans.
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MobiKwik prioritizes quick and convenient payment options for small retailers and companies. The firm offers QR code payments, POS systems, and payment gateways to let companies accept digital payments from customers.
6) Freecharge
Indian mobile wallet and digital payments business FreeCharge is popular. The 2010 startup is now one of the nation’s top digital payment providers.
FreeCharge offers a digital wallet for cellphone recharges, bill payments, trip bookings, and online shopping. The portal provides credit cards, insurance, and loans.
FreeCharge prioritizes simple payment options for small retailers and companies. The firm offers QR code payments, POS systems, and payment gateways to let companies accept digital payments from customers.
7) Airtel Money
Bharti Airtel, a significant telecom operator in India, created Airtel Money, a popular mobile wallet and digital payments platform. Since 2011, the platform has become a significant digital payment company.
Airtel Money offers a digital wallet for cellphone recharges, bill payments, trip reservations, and online shopping. The portal also sells credit cards and insurance.
Airtel Money’s interface with NPCI’s real-time payments system, Unified Payments Interface (UPI), is a crucial feature. This connection lets users transfer money from their bank accounts to other users or merchants without transaction fees.
8) JioMoney
Reliance Jio, a prominent Indian telecom company, developed JioMoney, a digital payments platform. Since its 2016 inception, the platform has become a significant digital payment company.
JioMoney offers a digital wallet for cellphone recharges, bill payments, trip bookings, and online shopping. The portal also sells credit cards and insurance.
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JioMoney’s telecom integration enables customers pay for Jio services straight from their wallets. QR code payments and payment gateways allow companies to accept digital payments from customers on the platform.
9) BHIM
NPCI, a government-owned company that manages India’s payments infrastructure, established BHIM (Bharat Interface for Money), a mobile and digital payments platform. The 2016 platform is named after Indian Constitution architect B.R. Ambedkar.
BHIM offers a digital wallet for cellphone recharges, bill payments, trip reservations, and online shopping. The portal also sells credit cards and insurance.
BHIM’s interaction with NPCI’s real-time payments system Unified Payments Interface (UPI) is a crucial feature. This connection lets users transfer money from their bank accounts to other users or merchants without transaction fees.
