Carrying lots of cash is a burden nowadays because of the weight and the fear of misplacing the wallet or purse. Many people have the habit of storing their identity proofs in their bags. It is natural to panic and worry if their belongings get lost. During such tough times, financial support is a must. Without money, it is difficult to deal with the situation.
A Digital Wallet app or mobile or e-wallets are services that enable users to carry out monetary transactions electronically. Go cashless with these wallets. Link them with your Bank Account for easy recharge of mobile data plans, payment of utility and other bills, and basic payments like purchases of commodities. Mobile numbers can also be linked to for payment purposes. Some primary examples of Digital Wallets are:
PayTM: It was launched in 2010, and it is one of the largest Digital Wallet apps in India. Payments made through this platform are accepted all over the country. Numerous online merchants have their accounts on this app so that digital transfers are convenient, fast, and secure. With these apps, people can shop, travel, and do more.
Google Pay: Through Google Pay UPI, users can link their e-wallets to their accounts directly. Their phone numbers should be linked to their Bank Accounts so that the transactions become easy. These wallets do not require additional KYC verification for activation.
HDFC PayZapp: This digital payments app made by HDFC Bank allows users to pay their utility bills, do recharges, and even book hotel or flight tickets. You can transact anytime and anywhere. The best part about this app, you need not store your account or card details for such transactions.
PhonePe: Powered by Yes Bank and launched by Flipkart, this app allows payments by scanning QR codes or even using Debit or Credit Cards. It assures the security of data from cybercriminals and is available in multiple Indian languages.
BHIM UPI: It is a digital payments app supported by the RBI and launched by the NPCI. It is one of the best digital wallets in India that is based on UPI. It can support payments as you pay with UPI, set-top box plan recharge, and other such services. It was launched by the Indian Prime Minister, Mr Narendra Modi, and supports all Android versions.
Conclusion
These apps are safe, secure, and user-friendly, with an easy-to-navigate user interface. They support all payments for non-stop usage of services.
