Which digital wallet is good and safe in Android

A digital wallet or e-Wallet lets you send and receive payments digitally. As of now, digital payments trend is booming in India and as a result, many financial such as banks and non-financial firms have been entering the industry. To safeguard your hard-earned money, it’s advised that always install and use a trustworthy mobile wallet. In this post, I’m going to take you through some of the best digital wallets in India.

Cashless payment systems could play a significant role in achieving targeted GDP growth by eliminating illegal ways of cash flow. That’s why the Indian government emphasizes the use of cashless payment systems.

Apart from fund transfer, nowadays, you can use your e-wallet to pay for your hotel bills, grocery bills, supermarket-shopping bills, toll charges and even to pay for an auto-rickshaw or taxi fare. Furthermore, many roadside food stalls also started accepting payments electronically. These things certainly insist on an individual using e-wallets.

But as mentioned above, there are many digital wallets in India and one should choose a wallet wisely because you would be required to link your bank account for payments. After making a search pertaining to mobile wallets in India on your mobile’s app store, you can find a number of digital wallet applications for your smartphone. But this thing might put you in a dilemma that which one should you install.

You can trust these wallets when it comes to your financial security because all are backed by renowned companies such as Google and financial institutes, for example, HDFC Bank.

Many renowned banks are also offering UPI (Unified Payment Interface) enabled mobile applications to send and receive payments through electronic channels.

But all mobile wallets apps work on the same platform and offer almost the same security features which is why the majority of users prefer to use apps that offer more user experience and, of course, lucrative cashback on payments.

digital wallets safe of course they. even many believe them safer than physical wallets. electronic wallets use the highest level of security to make sure users' financial and personal information and credentials are encrypted and protected. to accomplish a transaction user needs to prove his/her identity through an OTP one-time-password or authentication passwords; which makes digital wallets cashless payment system more reliable.

however, like all other financial transactions, digital wallets in India are also subject to some risks for instance if you lose your phone then another person may misuse it. but this drawback can be overcome by setting up a password to access your phone and by enabling anti-theft features such as wipe my phone in Samsung smartphones. also, all mobile wallets let you enable pin protection to access sensitive information and spend money. 

Advantages of mobile wallets: there are some benefits of using digital wallets. 

BHIM UPI

BHIM (UPI) Unified Payment Interface was developed by the National Payments Corporation of India (NPCI), which enabled digital wallets in India to use the payment system developed by NPCI. Bharat Interface for Money (BHIM) is an official government app for digital payments backed by NPCI and therefore the government of India. This payment system has changed the Indian's way of creating payments.  Most of the Indians wont to prefer cash payments over digital. But after the launch of the UPI platform, the country has noticed an excellent adoption of digital payments. The app is so secure that other apps use an equivalent UPI technology platform for his or her payment system.

If you’re not biased toward cashback and only seek a reliable and secure payment channel then BHIM UPI is you’re trying to find. BHIM App doesn't offer cashback and incentives on payments but when it involves security it's almost as secure as physical transactions.

PAYTM

Indias' most favorite digital wallet bills payments recharge, Paytm is often used for payment of Mastercard bill and premium it involves cashback offers.

MOBIKWIK

MobiKwik is an Indian payment system and mobile wallet allows its users to send or receive money electronically. It offers a cashless payment facility for shopping, recharge, and ticket booking. It offers cashless payment options to everyone starting from a private to a medium-firm. the corporate has noticed a huge hike in its users, 5 million above. If we mention the best digital wallets in India then the mobile wallet app is user friendly and fast.

GOOGLE PAY

Google Pay is one of the highest-ranked digital wallets in India. Google Pay has included many Indian languages in its app and web channels. It has been seen some small shopkeepers and roadside food stalls accept payment through this service. 

Google Pay offers real-time money transfers like recharges, bill payments, ticket booking, shopping, etc It's quite simple to use and is secure. Google itself is sufficient to prove its authenticity and security.

AMAZON PAY

Amazon has launched its own digital wallet in India, Amazon Pay mobile wallet has been accepted by many users delightfully. Upon you'll earn decent cashback And in fact, on online payments and recharges. Amazon may be a global giant eCommerce company and this thing helped Amazon Pay become one among the simplest e-wallets in India. Many other online shopping websites too accept payments through this wallet.

PAYPAL

Paypal is one of the simplest digital wallets in India and across the world. If you send or receive money internationally. Users can send money anywhere anytime within the world. Paypal allows you to send or receive money in over 100+ countries. This is safe, secure, and straightforward payments for online shopping, fund transfer around the world.

Many international merchants accept payments only through credit cards and Paypal. those that don’t have MasterCard can use Paypal to form payments.