What is a wallet?

Nowadays perhaps most people are using smartphones and mobile wallet has also become a part of smartphone life. Most people use the mobile wallet for some reason. For someone to recharge the mobile wallet phone then there is a way to pay for the taxi's money. Some people are using the mobile wallet to pay café coffee day or even a medical shop.

Today, there are almost all kinds of branded walts in the market, from global to global, tech companies to telecom players and banks.

Time to pay cashless depends entirely on us. Today, WhatsApp is occupying Instant Messaging, then Patiala is the largest mobile wallet in the country with the largest userbase. According to Patyma's claim, its user base is more than 100 million.

Simply put, this is the era of the mobile wallet that is building a cashless society with a change in the economy. Almost all major tech companies have their wallet. These are the key names in Apple Pay, Google Wallet and Samsung Pay. But apart from all this, all the wallets are different, for example, if you use wet stores for ola cab or grocery, you will need a wet money wallet and you can not even recharge it from the Petty Balance. You can add money to a mobile wallet.
You can make secure online payments using your preferred mobile wallet. At the same time, most mobile wallets also offer cashback offers on online payment. You can also take advantage of mobile wallet using a related promo or coupon code.

Before we talk about some of the popular mobile wallets available in India, we will tell you some ways to use the mobile wallet for online payment.

You can sign up for free using your email id and password on any mobile wallet app.
Once you have logged in to your account, you can choose options like Net Banking Transfer, Debit Card, Credit Card, ATM Transfer at your convenience.
After this, you can put money in Wallet to pay online prepaid mobile payments (postpaid), DTH Recharge, Data Card Bill Payment, Electricity Bill Payment, Gail Bill Payment, Landline Phone Bill.

So, do you need to install many different wallets on your phone or just work from some apps? Today we will tell you about some popular mobile wallet which is very useful for us.

There are three types of mobile wallet

There are three different types of the mobile wallet in the country according to the RBI. These include a closed wallet, semi-closed wallet and open wallet.

The closed wallet can be used only for the goods and services of a particular company (or online merchant). No such cash can be deposited with such a wallet. MakeMyTrip, Jabong etc. are examples of such closed wallet. If a refund is returned to your account if there is a refund of a product on the MakeMyTrip or Jabong or an order cancel, you can use it only for shopping on that merchant.

No cache can be removed from the semi-closed wallet. Such a wallet can be used to pay for goods and services on many different locations (merchant locations). Provided Mobil Wallet Company is a tie-up with other companies. Examples of such wallets are Pete, Mobikic, Ponomani, Oxygen etc. The highest usage in India is of a similar type of wallet.

Cash can be removed from the open wallet. Apart from this, they can also be used as a semi-closed wallet. Vodafone's M-Money is the best example.