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Top 7 Wallets Apps In India Latest Edition

Updated on: 27 Jan 2025

Having one of India’s best online payment apps on your smartphone can make it easy for you to make payments online. With this 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 e-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 e-wallet apps 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 paying bills, buying insurance, gift cards, vouchers, and tickets easy.

Google Pay

If you’re looking for a safe digital wallet, opting for GPay may be the right choice. This app also offers several opportunities to earn cashback and discounts, with all your payments being secure and tokenised.

MobiKwik

This is among India’s most popular names on the best online payment apps. Since 2009, it has been trusted by over 140 million registered users. To use this app, you 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, use the Pocket UPI feature. Scanning the QR code lets you make UPI payments directly from the MobiKwik wallet.

Paytm

It is India’s most popular payment app and many other banking and financial services. With this app, you can easily save money, which can help make instant purchases, especially during emergencies. Some payments can earn you cashback and rewards when made from a wallet.

PhonePe

This free-to-use wallet lets you make all 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 online payment app to send and receive money over chat. Once you have linked your bank account, you can transfer funds to your friends and family in just a few clicks.

Also Read: RBI Has Made e-Wallet Safer For Users.

Payment Wallets in India Issued by Banks

Below are the 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

Linking Cards with a Mobile Wallet

Here are the steps to link a bank account with any 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 UPI is 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.

E-Wallets Advantages

E-wallets provide many advantages that make them the obvious choice for several users. Here are five key benefits:

Convenience: The prime convenience is that it allows you to transact or make any payment anywhere and anytime. With just a few taps on your smartphone, you’ve cleared bills, transferred money, or done online shopping without needing cash or cards.
Security: E-wallets provide state-of-the-art encryption methods in addition to biometric authentication features. Their tokenisation ability helps you keep your financial information private from fraudsters, and your cards will never be lost again.
Speed: E-wallet transactions are usually faster than any other transaction method. Payments are instant, eliminating the long waits before the transactions are completed. This speed is useful mainly for merchants and consumers needing speedy and efficient payment options.
Rewards and Cashback: Most e-wallets provide very high benefits regarding rewards, cashback, and transaction discounts. Therefore, on the whole, the availability of these digital wallets becomes a standard mode of saving and earning bonuses on purchases.
Track Spending: To bring you closer to a digital record of all your transactions, e-wallets would help you easily track all your expenses and manage your budget. Trace your transaction history and control how much you spend on financial matters.

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 online payment apps in India is not a difficult task. You should visit and download the app from the Google Play Store or App Store. Check the reviews and assess the security features before you choose an app.