Almost every household in India is having a hard time owing to the scarcity of fluid cash and thus dependency on Plastic Money is inevitable. Mobile wallets are tuning themselves to go with this flow and allowing users to easily transact just at the touch of a button on their smartphones. We recently listed the top apps for going cashless in the current cash crisis.
Cashless mobile wallets come handy when you run out of cash or have no spare change. Especially in the wake of the current ban on Rs. 500 and Rs. 100o notes, cashless payment options have picked up much pace. ATMs have witnessed a makeshift cash crisis resulting in long queues outside. Going cashless is tough job for the no-so-technology-friendly populace of India, and we recently reported how it is not a feasible option for many others without the privilege of a smartphone. But a large chunk of relatively more advantaged population must make the most out of this opportunity to save their sweat in the course of daily payments.
This article compares leading applications as mobile wallets - Freecharge, Oxigen Wallet, Vodafone M-pesa, MobiKwik and SBI Buddy - for their capabilities and ease of use. The images for the steps are attached below the table.
Images for Reference:
Freecharge:
Oxigen Wallet:
Vodafone M-pesa:
MobiKwik:
SBI Buddy:
Paytm can be seen dominating the market of mobile wallets with most signups since demonetization was announced. Visit for a detailed overview of how to use Paytm for easy, cashless payment.