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Top 5 mobile wallet apps in India | Pay cashless & cardless


After the so-called ‘Financial Surgical strike’ of Indian Government, it is ensured that the era of bulky wallets is over. Exchanging old 500 and 1000 notes with new 500 and 2000 notes has generated a circumstance of chaos in banks and ATMs in every corner of India. As the government is suggesting that the pain is temporary, the best way out is using online banking and mobile wallet apps.

Here are some advantages of cashless mobile wallet apps:

  • The benefit of your credit and debit cards, electronically saved, with a convenience of your mobile phone.
  • No pick-pocket, no fear.
  • No bulky wallet, card carrier.
  • Secure digital payment. No more frequent visit to ATMs.
  • Special offers and coupons.

In 1998, PayPal did a revolution in the electronic payment system. Things have come off the edge, India is no far behind. Here is the list of best mobile wallets in India, both in IOS and Andriod. You can use these for cashless payment through your smartphone, tab or, even with, a smart watch.

 Top 5 mobile wallet apps in India:

1. Paytm

top-mobile-wallet-apps-india-paytm-logoPaytm is one of the most popular e-commerce platforms that offer the digital wallet facility. Launched way back in 2010, Paytm lets you create an account to store your money. You can later use the money while you shop at stores that have a tie-up with Paytm. Apart from shopping, the money in this account can also be used to pay bills (including electricity, water usage, etc.) and buy entertainment tickets.

Paytm is considered as one of the most successful start-ups in India like Flipkart, Ola etc,

Download: Paytm for Android | Paytm for iOS

2. FreeCharge

top-mobile-wallet-apps-india-freecharge-logoFreeCharge lets you recharge any prepaid mobile phone, postpaid mobile, electricity bill payments, DTH, and data card in India. It recently added metro card recharging as a feature of its platform. The wallet can be topped up with debit cards, credit cards, and net banking, and can be managed via an app or from the Web browser.

Acquired by Snapdeal in April 2015, FreeCharge launched its own digital wallet for making transaction across FreeCharge and Snapdeal platforms in September 2015, and at the time claimed a user base of 5 million wallet users in an emailed factsheet.

Download: FreeCharge for Android | FreeCharge for iOS

3. Mobikwik

top-mobile-wallet-apps-india-mobikwik-logoWith more than 25 million active users, MobiKwik is yet another fabulous mobile payment platform that has a tie-up with over 50,000 retailers. The money can be added to the account using net banking, debit card or credit card. Interestingly, MobiKwik also offers a doorstep cash collection service, which can later be used to shop, recharge, and pay bills.
The company has also recently collaborated with several offline retailers including grocery stores and restaurants. The exciting Mobikwik offers is another reason for relying on Mobikwik to take care of all your bills, right from mobile bill payment to the electricity bill.

Download: Mobikwik for Android | Mobikwik for iOS 

4. Vodafone M-pesa

top-mobile-wallet-apps-india-mpesa-logoVodafone M-pesa claims to be India’s largest cash out network, with over 85,000 M-pesa agents spread across the country. The service lets you send money to anyone, to recharge prepaid numbers, DTH connections, postpaid Vodafone numbers, utility bills and online shopping. Money can be transferred to a bank via its inbuilt IMPS service, or to a mobile number, but charges apply in slabs – for example, sending Rs. 2,000 to a bank account or an M-pesa account costs Rs. 38. DTH and prepaid recharges can be done through m-pesa for free.
Download: M-Pesa for Android | M-Pesa for iOS 

5. PayUmoney

top-mobile-wallet-apps-india-payumoney-logoPayU India is the flagship company of Naspers group which is a $25 Billion internet and media conglomerate listed on London and Johannesburg stock exchanges respectively. You may pay for your mutual fund or study loan through PayU. It is a partner with all major nationalized and cooperative banks.

Download: PayUmoney for Android | PayUmoney for iOS 


Hope this list of top mobile wallet apps for android and IOS in India will be helpful for your next cashless venture. Try at-least one of them. Believe me, within 10 years, using paper money will be extinct.

More read: Top 5 digital payment systems in India.