Tag: Digital Wallets

Best Wallet Apps in India 2025: Top Mobile & Digital Wallets, UPI Payment Apps & Prepaid Wallets Reviewed

The globe is slowly paving its way towards a cashless society. From invoices to cards and now to mobile wallets, this significant transformation has reduced the weight of bulky wallets. We can pay for any product, transfer money, make bill payments, and almost everything to do with money from the comfort of our home. Payment wallets in India have made online transactions of money easy and fast, with their one-tap feature and quick processing, all at one go.

What is a Mobile Wallet?
How Does A Mobile Wallet Work?
Types Of Mobile Wallets In India
Are Mobile Wallets Secure?
Top 15 Mobile Wallets In India
Advantages Of Mobile Wallets
Mobile Wallet vs Digital Wallet
Limitations Of Mobile Wallets In India

What is a Mobile Wallet?

A mobile wallet is a digital wallet that uses a bank account or credit/debit card to make payments seamlessly while securing the data of the user. They are designed to enable secured transactions with a hassle-free process, with reduced fraud. This method of online payment has proved to be more economical as compared to other physical wallets. These wallets are easily accessible as well from the play-store or app store.

India ranks 2nd highest in the Asia Pacific for digital payment adoption.

Digital payments in India are set to account for 71.7% of the total payments volume by 2025, leaving cash and cheque transactions at 28.3%, according to a report by a US-based payment systems company.

Since Demonetization hit the Indian Economy harshly, the Government promoted the use of these wallets and since then the user base of these e-wallets has been increasing significantly. Many digital wallets by the Indian Government has been given to citizens like UPI, BHIM, Aadhaar Pay and Payment Banks.

How Does A Mobile Wallet Work?

Start by downloading the mobile app of your choice onto your smartphone. Then, load the card information you want to store, from debit, and credit cards to loyalty cards and even coupons.

When you want to make a purchase with your mobile wallet, you can either:

Choose your app and select a card at the checkout screen when you’re shopping online with your smartphone.
Tap your phone to a digital payment-enabled terminal at participating merchants when checking out. Mobile wallets use what is called a Near-Field Communication (NFC) chip that lets you use contactless payment with a physical card.

Types Of Mobile Wallets In India

	Closed PPI	Semi-Closed PPI	Open PPI
Definition	Issued by a company to buy goods and services only from that company; it does not permit cash withdrawals or redemptions.	Can be used to buy goods and services from merchants that have a contract with the Issuer to accept the payment instrument; it does not permit cash withdrawals or redemptions.	Allows a user to buy goods and services, withdraw cash at ATMs or banks, and transfer funds.
KYC Requirement	No KYC required	No As Such compulsion for KYC	KYC is Required
Examples	Makemytrip Wallet	Mobikwik	PayTM Payment bank

Are Mobile Wallets Secure?

One security concern when using a mobile wallet is losing your phone or having it stolen. That’s why it’s smart to use something like two-factor authentication, which could include setting up a personal identification number or a fingerprint requirement to unlock your phone.

You can also protect your data by installing apps that will help you locate your phone if you lose it or remotely wipe the data so a thief can’t reach the sensitive information in your phone. If you see any suspicious or unauthorized charges on your account(s), it’s a good idea to immediately change your password and call your bank to let them know.

Payment Wallets in India

Top 15 Mobile Wallets In India

S.No.	Mobile Wallet	Why Users Like It	Key Features
1	Paytm	Wide acceptance across merchants and services	Recharge, bill payments, UPI, wallet, shopping, FASTag
2	Google Pay	Fast UPI payments, no wallet required	Direct bank transfers, rewards, bill payments
3	BHIM Axis Pay	Simple and secure for Axis Bank customers	UPI-enabled app with direct bank linking
4	PhonePe	All-in-one UPI app with cashback and offers	UPI, recharges, bill pay, gold purchase, mutual funds
5	Mobikwik	Good for wallet-based payments and BNPL	Wallet, ZIP Pay Later, bill pay, credit card bill
6	Yono (SBI)	Trusted for SBI users with integrated banking	UPI, wallet, account services, investments
7	Citi MasterPass	Secure checkout for Citi card users	MasterPass integration, card-based payments
8	ICICI Pockets	Handy digital wallet for ICICI Bank users	UPI, virtual card, recharges, send/request money
9	HDFC PayZapp	Linked with HDFC cards and bank accounts	Bill payments, recharges, shopping offers
10	Amazon Pay	Integrated with Amazon for fast checkouts	UPI, cashback, wallet, bill pay, shopping
11	Samsung Pay	Great for Samsung device users	Tap & pay, UPI, debit/credit card support
12	Apple Pay	Secure and convenient for Apple users	Face ID/Touch ID payments, NFC tap-to-pay
13	WhatsApp Pay	UPI payments via familiar chat interface	Simple peer-to-peer payments in chat
14	Freecharge	Basic wallet with bill pay and recharges	UPI, wallet, recharges, offers
15	Airtel Money	Useful for Airtel users and bill pay	Wallet, UPI, utility payments, insurance

Paytm

Mobile Wallet	Paytm
Founded	2010
Total Downloads	500M+ (on Google Play Store)

Paytm – Best Wallet Apps in India

Paytm is one of the largest online commerce platforms in India offering its customers a mobile wallet to store money and make quick transactions. It is considered by many the best mobile app in India. Paytm was launched in 2010 and basically works on a semi-closed model. Users can load money and make payments to merchants. E-Commerce is an added benefit of it, but despite that, you can make bill payments, transfer money, and avail yourself of services of entertainment, travel, and cashback. Payments through Paytm are accepted almost everywhere.

Google Pay

Mobile Wallet	Google Pay
Founded	2017 (India launch)
Total Downloads	1B+ (on Google Play Store)

It was formerly known as Tez and for obvious reasons, it gained its user base really quick, in spite of being a late entrant in the mobile wallet industry. It is the best online payment app or best money transfer app with cashback. Google Pay works with your existing bank account, which already means that your money is safe with the bank and no issues with recharging your wallet every month. Send or receive money from your friend directly to your bank account. There is also no such issue regarding KYC making it all the more popular.

BHIM Axis Pay

Mobile Wallet	BHIM Axis Pay
Founded	2016 (as part of UPI launch)
Total Downloads	10M+ (on Google Play Store)

BHIM (Bharat Interface for Money) is another best mobile wallet in India. It is a mobile wallet app developed by the National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). Launched in December 2016, it is intended to facilitate e-payments directly through banks. Users register their bank account with BHIM and set a UPI PIN for the bank account. It can be used by both Axis Bank users as well as other bank users. The Mobile Number is then the permanent address and they can start transacting. User can pay their friends, family and merchants with the tap of a button.

PhonePe

Mobile Wallet	PhonePe
Founded	2015
Total Downloads	500M+ (on Google Play Store)

PhonePe was launched in 2015 and is now a part of Flipkart. From UPI Payments to mobile recharges, and money transfers to online bill payments, this can be done easily on PhonePe. With a good user interface, PhonePe has offered the safest and fastest online transaction experience in India.

Mobikwik

Mobile Wallet	Mobikwik
Founded	2009
Total Downloads	50M+ (on Google Play Store)

Mobikwik was launched in 2009 with its key proposition in Recharge and Bill payments. Mobikwik is one of the independent mobile payment networks that has a user base of 32 million. This e-wallet lets its users add money using debit cards, credit cards, net banking, and even doorstep cash services. One of the unique features Mobikwik has offered its users is ‘expense tracker’, basically which allows users to set a budget for expenses via SMS data to analyze and control the expenditure.

Yono (SBI)

Mobile Wallet	YONO (SBI)
Founded	2017
Total Downloads	100M+ (on Google Play Store)

This application was launched by the State Bank of India to let users transfer money to other users, pay bills, recharge, book tickets, shop, and travel. This is one of the top mobile wallets in India and has offered its mobile wallet services in 13 languages the best part is, that it is also available to non-SBI customers. It taps into the special feature where-in it allows its users to set reminders for dues, and money transfers, and view mini-statement for the transactions done already.

Citi MasterPass

Mobile Wallet	Citi MasterPass
Founded	2013 (India launch by Citi)
Total Downloads	Not publicly listed separately

Citi MasterPass was launched recently by Citi Bank India and MasterCard. This is one of India’s first global outreach in terms of digital wallets for faster and more secure shopping. Citi Bank debit and Master card customers become the first in this country to shop at more than 250,000 e-commerce merchants. It has ensured fast checkout with a single tap and stores all credit, debit, prepaid, and shipping details.

ICICI Pockets

Mobile Wallet	ICICI Pockets (ICICI Bank)
Founded	2016
Total Downloads	5 M+ (on Google Play Store)

It’s one of the best mobile wallets in India. It has provided the convenience of using any bank account in India to fund your mobile wallet and pay for transactions. It basically uses a virtual VISA card that enables its users to transact on any website or mobile application in India and provides exclusive deals or packages from associated brands.

HDFC PayZapp

Mobile Wallet	HDFC PayZapp
Founded	June 2015
Total Downloads	10M+ (on Google Play Store)

PayZapp is a complete payment solution by HDFC Bank which has a one-tap feature for easy payment. Not only does it let you recharge your phone or send money but also your DTH and data cards, pay utility bills, and compare and book flight tickets, trains, hotels and shops.

Amazon Pay

Mobile Wallet	Amazon Pay
Founded	2007 (Global), 2011 (India)
Total Downloads	500M+ (on Google Play Store)

Owned by Amazon, this online payment processing service was launched in 2017 in India (globally- 2007). Amazon Pay has focused its customers more on Amazon and so it gives its users the option to pay with their Amazon accounts on external merchant websites, including apps like BigBazaar etc. With Amazon Pay, you get to shop on Amazon with a number of cashback and discounts with fast shipping services. Recently, Amazon Pay got tied up with fintech companies, such as Zest Money to enable no-cost EMI payment options. The application has also made it easier for buyers to buy products on Amazon and pay later via affordable monthly instalments.

Samsung Pay

Mobile Wallet	Samsung Pay
Founded	August 20, 2015
Total Downloads	100M+ (on Google Play Store)

Samsung Pay is a digital wallet service owned by Samsung, it was launched on the year 2015. It is considered one of the best payment processing services for contactless payments. Samsung is accepted in almost every store, wherever credit and debit cards can be used it also offers Cashback. With the help of Samsung pay, the transaction between merchants and payers are possible without the exchange of bank and card information. Samsung Pay accepts all kinds of card readers like magnetic stripes, EMV and others,

Apple Pay

Mobile Wallet	Apple Pay
Founded	October 20, 2014
Total Downloads	Not publicly disclosed

Owned by Apple Inc., Apple Pay is a digital wallet service, which was launched in the year 2014. Major credit and debit cards are supported in Apple Pay, it also provides extreme security through touch and face id. Anyone owning an apple device can use Apple Pay on them for making payments. The card information is kept confidential while making payments. Apple Pay currently is available in more than 60 countries.

WhatsApp Pay

Mobile Wallet	WhatsApp Pay
Founded	February 2018 (India pilot)
Total Downloads	Over 1 billion (WhatsApp Messenger)

Launched in the year 2018, WhatsApp launched the chat payment service to allow users to complete any kind of transaction through WhatsApp. The secure way of the transaction enables people to make payments easy just like sending a message on WhatsApp. WhatsApp Pay has also been providing some great features like Cashback to attract more customers. This UPI-based payment service provides the option of sending and receiving money.

Freecharge

Mobile Wallet	Freecharge
Founded	August 2010
Total Downloads	50M+ (on Google Play Store)

Freecharge is a wallet app that is easy and fast to use for payments. You can recharge your phone, pay bills, and send money to friends. It also works with UPI payments and is popular for online shopping.

Freecharge gives good cashback offers and discounts, which users like. It lets you split bills, so sharing expenses with friends or family is simple. Many stores accept Freecharge for payments both online and in shops.

Airtel Money

Mobile Wallet	Airtel Money
Founded	2012 (initial launch)
Total Downloads	50M+ (on Google Play Store)

Airtel Payments Bank Wallet is a special service that mixes a mobile wallet with digital banking. You can pay bills, recharge your phone, or send money using UPI. It gives you more interest on your balance than regular savings accounts.

The wallet works well with Airtel services and gives special discounts to Airtel users. You can also withdraw cash from ATMs without a card, using QR codes. It is safe and trusted for your digital banking needs.

best mobile wallets in India — Mobile Wallets’ Usage in India

Advantages Of Mobile Wallets

Mobile wallets got popular due to the advantages it offers. Here are listed some of the advantages of using mobile wallets in India

1. One-Click Pay

This is one of the most convenient ways to make payments since the user can pay via such wallets. The mobile wallet takes the information from your card (credit/debit) and makes payments directly or adds money to your wallet. This has offered easy accessibility to users.

2. Multiple Features and Uses

With easy accessibility, it can be used anytime, anywhere. These mobile wallets can be used in a jiffy, it’s just that you need a proper internet connection for your device. Also, your single mobile wallet account can be accessed on any of your devices like laptops, PC, or smartphones with authenticated verification.

3. Robust Security Features

Mobile wallets have tried hard to provide extensive safety and security. Almost more than half of the population has shifted from leather wallets to e-wallets for the protection of their money. Mobile wallets have also reduced the chance of daily theft or losing cash.

4. Several Benefits

They come up with several other benefits like loyalty programs, cashback, rewards, shopping benefits, and many more so that their customers stay happy. Simultaneously, users can also save money through heavy discounts and offers.

Mobile Wallet vs Digital Wallet

	Mobile Wallet	Digital Wallet
Definition	Mobile wallets are payment apps housed on mobile devices, like smartphones and wearables.	Consumers using digital wallets, may or may not interact with them on their smartphones.
Uses	Consumers mostly use a mobile wallet for in-person transactions.	Consumers mostly use a digital wallet for online shopping or purchases.
Examples	Some of the most popular mobile wallets are Apple pay, Samsung pay, etc.	Some of the most popular digital wallets are Paytm, Paypal, etc.

Limitations Of Mobile Wallets In India

Besides the advantages Mobile wallets in India offer in the payment service industry, it has some limitations which are listed below.

A limit is set on the amount that you can deposit in your mobile wallet. For instance, Paytm allows the amount of ₹20,000 in its wallet.
The number of merchants listed or having a tie-up with these wallets is limited. In that case, you would always need to carry some cash in urgency.
Sometimes, Infrastructure issues stand for a lot of lost transactions or common ‘server down’ problems.
Few times, some fraud calls can also cause a possibility of a mobile theft where your personal information is compromised.
One of the major concerns is that a person needs a smartphone to make online transactions possible and that too, with good internet connectivity. This alone has stood a major limit to many poor families, who still carry cash in their pockets.

More than 40% of respondents used a smartphone in India.

While these large numbers and large user bases indicate the growing need for secure, faster, and efficient transaction methods for the online marketplace. Regardless of what we’ve seen and read, top e-wallets in India have outweighed its concerns. The use of e-wallets has constantly increased due to obvious reasons and its surprising offers. Mobile wallets continue to gain prominence in smartphones and laptops across the globe and have dominated the discussions of new ways to pay.

FAQs

What is a digital wallet and how does it work?

A digital wallet sometimes called an e-wallet, is a service that allows you to pay for things, usually through a mobile phone app. It also stores a number of other items a traditional wallet would hold, such as a driver’s license, gift cards, tickets for entertainment events, and transportation passes.

What is a digital wallet used for?

A digital wallet (or e-wallet) is a software-based system that securely stores users’ payment information and passwords for numerous payment methods and websites. By using a digital wallet, users can complete purchases easily and quickly with near-field communications technology.

Which is better PhonePe or Google pay or Paytm?

Experts suggest that all three digital transaction apps, more or less, are equally secure. While Google’s brand image definitely does some good to Google Pay. Paytm, and PhonePe continue to be easy picks for others due to their many features.

How to get PhonePe cashback?

Steps to get PhonePe cashback:

Download PhonePe App.
Do the needful for PhonePe Login / Signup.
Set Your Virtual Payment Address (VPA)
Click On Bank Accounts From Menu &Link Your Bank Account.
Recharge Your Mobile.

Paytm has the largest market share in India followed by PhonePe and GooglePay.

What is the difference between Paytm vs PhonePe?

Paytm Allows transactions across multiple modes like wallets, UPI, and payment gateway. PhonePe has started its wallet service but it is widely used for its UPI-based transaction which doesn’t charge you for any transaction.

Which wallet app is best in India or write a few Mobile wallet examples?

The best mobile wallets in India are:

Paytm
Google Pay
BHIM Axis Pay
PhonePe
Mobikwik
Yono (SBI)
Citi MasterPass
ICICI Pockets
HDFC PayZapp
Amazon Pay

July 16, 2025

Sameer Nigam: Founder & CEO of PhonePe | Biography

Sameer Nigam is an Indian Entrepreneur who founded PhonePe, a UPI-based online payment system in 2015 and serves as its Chief Executive Officer (CEO). He also served as the Senior Vice President of engineering at Flipkart. In 2009, he launched his very first venture Mime360, which connects content owners to content publishers. He made a personal investment in an organization called Artifacia on 14 January 2016. He was listed in the top Indian business leaders 40 under 40 list by The Economic Times. He has a net worth of INR 17 crore.

Let’s go through the success story of Sameer Nigam along with getting a glance at Sameer Nigam’s Net worth, Education, personal life, how he founded PhonePe & more.

Sameer Nigam Biography

Name	Sameer Nigam
Born	1978
Age	47 (2025)
Nationality	Indian
Education	University of Mumbai, University of Arizona; The Wharton School
Profession	Entrepreneur
Position	Founder & CEO, PhonePe
Net worth	INR 17 crore (2017)

Sameer Nigam – Family
Sameer Nigam – Education
Sameer Nigam – Professional Life
Sameer Nigam – Founder of Mime360
Sameer Nigam – Founder of PhonePe
Sameer Nigam – Controversy
Sameer Nigam – Honors & Awards

Sameer Nigam – Family

Sameer Nigam was born in Delhi and currently resides in Bangalore, Karnataka. His father worked in the Indian Navy and is an IIT graduate. Sameer Nigam’s mother is an entrepreneur and cleared her IAS on the first attempt at 40. Sameer’s wife is a consultant and together they have a son and a daughter.

Nigam made his way from Noida to Mumbai and finally to Bangalore where his company PhonePe is headquartered. His venture got a tremendous boost from the demonetization policy, which the Indian government announced in the same launching year of PhonePe.

Sameer Nigam – Education

Sameer completed his formal education at DPS Noida. He received his Computer Engineering degree from the University of Mumbai. He further went to the University of Arizona for a Master of Science in Computer Engineering (1991-2001). Later, he studied Master of Business Administration in Entrepreneurship at The Wharton School, University of Pennsylvania (2007-2009).

Sameer Nigam – Professional Life

Sameer Nigam, the Phonepe owner, served as the Director of Search Product Development at Shopzilla from May 2001 to June 2007. He then launched his venture, Mime360 in 2009 which is an online social media distribution channel. The company was later acquired by Flipkart.

He served at Flipkart from October 2011 to August 2015. While working for the eCommerce giant, he worked in several divisions including Marketing and Engineering as Vice President and Senior Vice President respectively. He further launched his digital wallet platform PhonePe in 2015, where he is positioned as the CEO.

He did exceptionally well in his corporate career with cordial entrepreneurial experiences to his credit. He displayed his skills in product marketing, eCommerce, strategic partnerships, online marketing, digital strategy, user experience, web applications, startups, mobile marketing, digital media, special needs, business development, web development, web analytics, and many more.

He is highly skilled in team management, digital marketing, non-medical homecare, lead generation, search engine optimization, strategy, mobile applications, mobile advertising, and online advertising.

Sameer Nigam – Founder of Mime360

In 2009, Sameer launched his first venture Mime360 (Mallers Incorporation), an online media distribution channel headquartered in Mumbai, India. The company offers an exchange platform connecting content owners with content publishers including Saregama, Indiatimes, and others.

Mime’s security is aided by API Feeds that help to prevent piracy and allow a large number of publishers to sell the licensed content globally. Most importantly, Mime eliminates various infrastructure costs for partners including content management, storage, and local data center bandwidth, and authorizes content owners to even set regional pricing.

Mime360 was acquired by Flipkart. The eCommerce giant has been looking to acquire small companies to grow the team. After the acquisition, some of Mime’s employees joined Flipkart to launch a digital music distribution service later. The strong entrepreneurial zeal, vision, and experience kept Sameer going and he soon launched another venture.

Sameer Nigam – Founder of PhonePe

Sameer launched his Unified Payments Interface (UPI) based startup, PhonePe in December 2015. He is the Founder and CEO of Bangalore headquartered PhonePe. He is a member of the Board of Directors at the company and advises on Marketing and several other strategies.

Sameer along with two of his friends, Rahul Chari and Burzin Engineer brought the idea of launching and designing an online payment app based on UPI. The PhonePe application went live in August 2016. It is available to users in over 11 Indian languages.

PhonePe was acquired by Flipkart in 2016. However, the e-commerce giant came into the ownership of US-based Walmart Incorporation in 2018 worth $16 billion. The acquisition of PhonePe was with the aim of expanding its online shopping footprint in India.

PhonePe’s first annual report shows a 73% revenue increase to INR 5,064 crore, with the company posting an adjusted profit of INR 197 crore after a INR 738 crore loss last year. Founders Rahul Chari and Sameer Nigam each earned INR 5 crore in FY24, with lower ESOP valuations compared to the previous year.

PhonePe IPO

PhonePe has officially become a public company, as confirmed by regulatory filings.

The change was approved at an extraordinary general meeting held on April 16, 2025, and the company’s name has been updated from PhonePe Private Limited to PhonePe Limited.

This move marks a significant step toward its much-anticipated IPO. PhonePe has been gearing up for a domestic listing, having recently shifted its headquarters from Singapore to India and appointed four investment banks to guide the IPO process. PhonePe is targeting a valuation of up to $15 billion as it prepares to strengthen its presence in India’s fast-growing fintech sector. Backed by Walmart, the company has brought on Kotak Mahindra Capital, JP Morgan, Citi, and Morgan Stanley to guide its IPO journey.

Sameer Nigam – Controversy

PhonePe founder and CEO Sameer Nigam issued an apology on Sunday for his comments about Karnataka’s draft job reservation Bill, clarifying that he never meant to offend the state or its people. His statement came in response to a ‘Boycott PhonePe‘ campaign initiated by Kannada groups, including the Karnataka Rakshana Vedike and other pro-Kannada organizations. The campaign started on social media after Nigam’s post on X, which commented on the Karnataka Cabinet’s approval of ‘The Karnataka State Employment of Local Candidates in the Industries, Factories and Other Establishments Bill, 2024’.

Here is the post that he made on X which caused backlash:

I am 46 years old. Never lived in a state for 15+ yrs

My father worked in the Indian Navy. Got posted all over the country. His kids don’t deserve jobs in Karnataka?

I build companies. Have created 25000+ jobs across India! My kids dont deserve jobs in their home city?

Shame.

— Sameer.Nigam (@_sameernigam) July 17, 2024

Below is the apology that he shared on X:

My personal statement, clarifying my views on the Karnataka draft job reservation bill and its unintended consequences. pic.twitter.com/vt5aLjmezK

— Sameer.Nigam (@_sameernigam) July 21, 2024

Sameer Nigam – Honors & Awards

The Wharton Business School, University of Pennsylvania conferred him with the Wharton Venture Award in 2008. He has participated in two events. He attended the 16th NASSCOM Product Conclave 2019 on 5 November 2019, held in Bangalore, Karnataka, India, Asia. He attended Money 20/20 Asia 2019 as a Speaker on 19 March 2019 held at Central Region, Singapore, Asia.

His venture PhonePe was conferred with a list of awards, which are as follows:-

PhonePe was recognized by the National Payments Corporation of India (NPCI) for attracting the largest number of merchant transactions on the UPI network. (2018)
Received Best Mobile Payment Product or Service Category at the IAMAI India Digital Awards 2018
Won the UPI Digital Innovation Award from NPCI (2018)
Won the SuperStartUp Asia Award (2018)
Won the Telecom and Technology category award from India Advertising Awards (2018)
Won the Best Mobile Payment Product or Service at the 9th India Digital Awards 2019 conducted by IAMAI
Received the Best Digital Wallet initiative at the 8th annual Indian Retail & eRetail Awards 2019 conducted by Zee Business and The Economic Times.
Awarded Fintech Person of the Year – India at the Global Fintech Fest 2024.

FAQs

What Sameer Nigam net worth?

Sameer Nigam has a net worth of INR. 17.7 crore (as of 2017).

What is Sameer Nigam education?

Sameer Nigam has completed a Computer Engineering degree from the University of Mumbai, an MS from the University of Arizona, and an MBA in Entrepreneurship from The Wharton School, University of Pennsylvania.

What is Sameer Nigam birth place?

Sameer Nigam was born in Delhi.

Who is the PhonePe Owner?

PhonePe is owned by Flipkart.

Who is the PhonePe founder?

Sameer Nigam is the founder and CEO of PhonePe.

What is Sameer Nigam age?

Sameer Nigam is 47 years old.

April 25, 2025

Top 23 Best Cryptocurrency wallets of 2021

A Bitcoin wallet is a software application that will help you store your bitcoins and other digital currencies. Since bitcoins or any other digital currencies do not have a physical form you will not be able to store them anywhere else other than crypto wallets.

Crypto wallets are considered to be easy to use and reliable. They are also safe and secure to use. Let’s look at the below article to analyze the top bitcoin wallets available in the market.

Coinbase
Binance Chain (BNB)
PointPay Banking Wallet
Bitfinex
Trezor
Paxful Wallet
Ledger Nano
WireX
Overbit
eToro
Bitcoin IRA
FTX
Phemex
Bybit
BitIRA
Blockchain
Robinhood
Coingate
Monero (XMR)
Atomic Wallet
Electrum
Edge
BRD
FAQ

Coinbase

Coinbase is a best overall cryptocurrency wallet that can be used to not only store digital currency but also for purchasing, transferring and even selling of these digital currencies. The application even has an offline storage where it securely holds and stores a wide range of digital assets. This cryptocurrency wallet is available in more than 100 countries.

Coinbase Website

One of the features of Coinbase is that it is one of the largest cryptocurrency exchanges. The platform stores all your digital assets safely in a vault. Coinbase lets you schedule your trading process on a daily, weekly or a monthly basis.
This application provides a single platform for buying, selling, transacting and storing digital currency making it easier. The application is available for both iOS and Android devices.

Binance Chain (BNB)

Binance Chain is considered to be one of the best cryptocurrency wallets. Through Binance you can create a crypto wallet but also use the platform for trading more than 150 cryptocurrencies. The application even provides an Application Programming interface that helps you to integrate your current trading application.

Binance Website

Some of the other features of Binance Chain include 24/7 support making it one of the safest cryptocurrency wallets. It is considered that Binance Chain does more than 1.2 billion average daily trading volumes. Binance Chain has more than 14 lakh transactions per second.

Binance chain has a wide range of applications for online trading and also offers various basic and advanced exchange interfaces for trading. The application is available for android, windows and iOS users.

PointPay Banking Wallet

PointPay Banking Wallet is one of the best crypto wallets. It is considered to be the first cryptocurrency wallet in which you can store more than 10 cryptocurrencies that are popular. This application not only lets you store your cryptocurrencies but also will provide you with interest in depositing your cryptocurrency.

Pointpay Website

On a yearly basis, it is estimated that you can earn up to 30% with the PointPay token (PXP) in the PointPay Banking Wallet. You will have to buy the PointPay token to get additional interest in your cryptocurrencies.

You also have the feature of taking loans using your cryptocurrencies. Through PointPay banking wallet you can easily buy and sell your cryptocurrencies using credit cards, debit cards, bank transfers, SEPA or even using Apple pay.

You can use the mobile application on both iOS and Android devices.

Top 32 FinTech Startups of India | Indian Fintech Companies in 2021

Fintech, short for financial technology, has become a crucial part of the globaleconomy., all financial tasks were completed through paperwork only, aspaper-based medium was considered to be the safest. But with the development oftechnology, internet has emerged as the preferred platform for fina…

StartupTalkyAshwini

Bitfinex

Bitfinex is a trading platform. The application will let you easily exchange cryptocurrencies such as Ethereum, EOS, Litecoin and many more. This platform even enables you to use a peer-to-peer funding market. This website offers you with advanced chart tools which will help you visualize your products easily.

Bitfinex Website

Bitfinex provides various tools to make trading easier. The application is available for both Android and iOS devices.

Trezor

Trezor is slightly different from other crypto wallets. It is a hardware wallet that will help you store your bitcoins. You will be able to easily plug Trezor into your computer or a smartphone, then it would provide you with a pin code which will be generated randomly. This will ensure that the device is safe and secure.

Trezor Website

Some of the other features of this hardware wallet include an offline storage system that is ultra-secure, easy-to-use touchscreen, exposure to private keys, etc. This platform supports more than 1,000 currencies and is available for Windows users, Mac OS X users and Linux users.

Paxful Wallet

Paxful is one of the popular cryptocurrency wallets. Paxful is a peer to peer marketplace which you can use to buy and sell bitcoins. The platform offers more than 300 payment methods. This platform makes it easier for beginners as well as intermediates to make profits from digital currencies.

Paxful Website

Paxful Wallet lets you directly withdraw from the bank account and also lets you send funds to your bank account or PayPal account. Paxful provides safety for your money and even lets you trade in more than 100 digital currencies. You can use Paxful wallet to buy and sell bitcoins with bank transfers.

How to buy Dogecoin Cryptocurrency in India?(Step by Step method))

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Ledger Nano

Ledger Website

Ledger Nano is a hardware crypto wallet, it supports multiple cryptocurrencies. They provide a LED display and a pin for transfer of wallets. Ledger Nano can be easily accessed through a USB supported device.

You can use Ledger Nano on Mac, Linux and Windows. They also have a two-factor verification process.

WireX

WireX Website

WireX is more like a travel card and a cryptocurrency wallet. It helps to convert your payments into any local currency without any exchange fees. It is also a hardware wallet. WireX allows you to buy, store, spend and exchange cryptocurrencies anytime and anywhere.

Overbit

Overbit Website

Overbit is a platform which helps in trading of bitcoin, cryptocurrencies and forex. It won’t allow the wallet to have a negative balance. It also offers features such as advanced risk management which will limit the exposure.

eToro

eToro Website

eToro is a cryptocurrency wallet which provides additional features such as stock trading, commodities, ETF’s, Index funds, Forex trading and many more. eToro is supported by Android and iOS devices. You can easily buy and sell cryptocurrencies using this app.

Bitcoin IRA

BitcoinIRA Website

Bitcoin IRA is a cryptocurrency platform which will let you buy and sell bitcoins and it provides an additional benefit where the gain you receive from your bitcoins are going to be tax free. The other assets you can invest in are Gold, Ethereum and many more.

FTX

FTX Website

FTX is a cryptocurrency exchange and also a derivative exchange. You will be able to buy and sell your cryptocurrencies in a pre-determined price. You can use the platform on both mobile application and desktops.

Phemex

Phemex Website

Phemex is a cryptocurrency platform which lets you trade cryptocurrencies easily. You can also buy cryptocurrencies through different payment methods or using credit/debit cards. It lets you perform up to 300k transactions per second. The application is available for both Android and iOS devices.

Bybit

Bybit Website

Bybit is also a cryptocurrency wallet which lets you trade cryptocurrencies easily. This application lets you customize it according to the requirements. The platform is available for both android and iOS devices.

BitIRA

BitIRA Website

BitIRA is a platform which will let you invest in cryptocurrencies for IRA which is for your retirement account. BitIRA provides security on the risk of devaluation. It also allows you to exchange one currency with another.

Blockchain

Blockchain Website

Blockchain is considered to be the safest cryptocurrency wallet. It offers two different wallets which are cold wallet which you can use for storing your bitcoins and cryptocurrencies and hot wallet that you can use for transaction of bitcoins and cryptocurrencies. The platform supports both android and iOS devices.

Robinhood

Robinhood Website

Robinhood is also one of the top cryptocurrency exchange and bitcoin wallet. You can buy bitcoins, Ethereum, Dogecoin and other cryptocurrencies using one of the best crypto wallets, Robinhood. You can use the smartphone application for all your transactions.

Coingate

Coingate Website

Coingate is a platform that lets you store cryptocurrencies such as bitcoins, Ethereum, Litecoin and many more in an easier way. You can purchase cryptocurrencies with a wide range of payment methods. The application supports more than 50 cryptocurrencies.

Monero (XMR)

Monero Website

Monero XMR is a cryptocurrency wallet. It is considered to be one of the fastest, secured and a private platform. The wallet is available for a variety of devices. It also helps to convert the currencies into XMR. You can also use MONERO as a currency in exchange for goods and services.

Atomic Wallet

Atomic Wallet Website

Atomic Wallets helps in managing and storing up to 300 cryptocurrencies and tokens such as bitcoins, Ethereum, Litecoin and many more. It is considered to be one of the best crypto wallets. Atomic wallet provides an instant exchange with cashback offers.

Electrum

Electrum Website

Electrum is one of the oldest cryptocurrency markets available in the market It offers excellent privacy features and is considered to be best wallet for cryptocurrency. It provides high security and prevents thefts and loss of funds.

Edge

Edge Website

Edge is a bitcoin wallet which is used for mobile devices which include android and iOS devices. It provides support for more than 30 cryptocurrencies making it one of the best crypto wallets available in the market. It also offers two factor verification process.

BRD

BRD Website

BRD is a crypto mobile wallet which renders the customer loyalty and also have rewards programme. This application also provides a hardware encryption which will keep your cryptocurrencies safe. It offers privacy and an easy user interface.

Conclusion

The above is the list of top crypto wallets. You can go through the features and use this article as a reference to choose the right crypto wallet according to your needs. Cryptocurrencies are considered to be the future and we will be able to see huge rise in the crypto wallet industry.

FAQ

What is Bitcoin wallet?

A Bitcoin wallet is a software application in which you store your Bitcoins. However, bitcoin does not exist in any physical shape or form. Bitcoin can’t technically be stored anywhere except coin wallets.

How to Add Funds to a Bitcoin Wallet?

You need to determine the amount of Bitcoin you want to buy. After that, you need to enter an amount that you want to deposit to your bitcoin address. Then using ACH, Wire, credit card the amount will be transferred to the bitcoin wallet.

What are the best Bitcoin wallets?

Coinbase, Binance, Trezor, and Bitfinex are some of the best Bitcoin wallets.

July 8, 2021
How to Send money from US to India or Singapore using Google Pay

Google Pay is a digital payments app that is a subsidiary of Google. Google Pay is a digital wallet that was initially released in the year 2015. It is one of the most commonly used digital wallets in India. Recently the company has announced that it would let users to send money through Google Pay from US to India and Singapore. Let’s look at the further details of this new feature offered by Google Pay.

Google Pay Announcement
Banks that are eligible to Transfer money through Google Pay
Limitations of Money Transfer through Google Pay
Steps to Transfer money from US to India through Google Pay
FAQ

Google Pay Announcement

Google Pay has announced that it would let users in the United States to send money to their friends, family and relatives in India and Singapore. This is an official mark of the entry of Google Pay into the remittance service market.

According to World Bank, India is one of the biggest overseas remittance receivers even though in the year 2020 the country had seen a drop in the remittance received of around 9% to INR 5,58,100 crores due to the global economic slowdown and the coronavirus pandemic.

There has been a rapid growth in the foreign remittances with the increase of migrant workers in the developed countries across the globe.

Banks that are eligible to Transfer money through Google Pay

Google has partnered with Western Union and Wise in order to provide the new service through the Google Pay app. Google had conveyed in a blog post that Western Union will offer free transfers while sending money through Google Pay until the 16th of June.

Google has also conveyed that Wise will provide free transfer only for the first time the customer sends money through Wise on transfers up to USD 500 (around INR 36,700). However, Google has not yet officially announced the exact transfer fee that will be charged by the service provider after their series of free transfers.

Limitations of Money Transfer through Google Pay

One of the major limitations of this new foreign transfer feature or service provided by Google Pay is limited only to two countries that is India and Singapore. However, the tech giant has conveyed that by the end of the year they have plans to expand their services to around 280 countries globally.

Another important point to be noted is that the foreign transfers through the Google Pay app are limited to individual users. This means that the new feature doesn’t let the individuals from the United States transfer money to any business organizations in India or Singapore.

Another important point to be noted is that users from India will not be able to transfer money to the United States. This feature or service will be available for the US users using Google Pay app.

Steps to Transfer money from US to India through Google Pay

Here are the steps to be followed for the users who would want to send money from the US to India or Singapore.

Step 1 – To send money through Google Pay, firstly you will have to search the user on the Google Pay app.

Step 2 – Tap the pay button and choose either Western Union or Wise.

Step 3 – You will have to ta continue and see the exact amount of money that the recipient will receive.

Step 4 – Again Tap continue and choose how would you want the recipient to receive the money, you will be able to choose between UPI or through cash pickup.

FAQ

Does Google pay require a bank account?

Yes, Google Pay requires a bank account.

Is Google pay available in USA?

Google Pay is available in USA and You can also send money from US to India.

Can I send money from USA to India using Google pay?

Google Pay will now let users in the US to send money to their friends and families in India and Singapore.

Conclusion

The new service would enable the tech giant to mark a spot in the foreign remittance market. The company plans to expand to more than 200 countries and territories to Western Union and around 80 countries through Wise by the end of this year.

May 20, 2021
How to buy Bitcoin in India: A Complete Guide
When it comes to Bitcoin, folks become a little conscious of extreme volatility. Bitcoin is an incredible way of investing. The smoothest way to understand Bitcoin is to buy them and try them out. Bitcoin has brought a commotion in the market, with great returns in hand. Due to this, retail investors are moving towards Bitcoin as a new asset for investing.

Previously, Bitcoins were considered a tedious investment and waste of time. But, today, this has completely shifted towards positive aspects. Bitcoin is given leverage and many rising startups are moving towards funding in this cryptocurrency and making Bitcoin investment convenient and easy.

Well, before shifting your attention towards purchasing and investing in Bitcoin, there are few things that you need to know as a bitcoin investor. These are if you are using the KYC (Know your customer) platform, method of payment, and internet connection; cryptocurrency exchanges accounts and personal designation documents.

It’s suggested to use a personal wallet of your own aside from the exchange of accounts. Bitcoin can also be specialised as ATMs (requiring government-issued IDs) and via P2P exchanges.

Through this article, we present you the complete instructions and guidance on how to purchase Bitcoin. Cryptocurrency investment is quite interesting and safe. You can start by investing $1 only and see the return results. Let’s get started!

Expansion of Bitcoin

A single Bitcoin is worth $54,721 Us dollars as per the last April record. Bitcoin is developing more each day and is taken under consideration by several startups and businesses. It’s quite popular for its value that counts in US dollars.

Bitcoins saw a major crash in their values on September 9, 2021, as a result of the sharp sell-off of the cryptocurrencies on September 7, Tuesday. El Salvador officially accepted bitcoins as legal tenders and this event, according to the experts, is directly related to the fall of around 17% of the values of bitcoin. The surge in volume and market activity resulted in a flood of trade orders. This caused service outages at several crypto-exchange platforms like Coinbase. Though the traders are now busy scanning the key technical levels in bitcoin to further assess the direction of the trend, the recent plunge can lead to more disappointments if the key support levels are not held.

Today, more businesses are shifting towards accepting Bitcoin as their legitimate payment across the globe. Some of these are Dell, pizza delivery, Microsoft and some airlines. In some countries such as Australia, Bitcoin has equal worth as its conventional currency.

Therefore, Bitcoin can be used by anyone to make payments around these countries. Bitcoin is developing into a future investment. People are moving towards investing and purchasing more and more.

Now as we know what value does it have, we can move towards the purchasing methods and instructions. Now lets look at How to buy Bitcoin in India.

Step 1: Get a Bitcoin Wallet
Step 2: Account Sign up
Step 3: Add a Payment Method
Step 4: Purchase the Crypto
Step 5: Cryptocurrency holder
FAQ

Step 1: Get a Bitcoin Wallet

Before stepping into the purchasing of Bitcoin, you need to get a Bitcoin wallet that would help you in storing and holding your credit cards and cash. Some wallet options are:
- Online- web-based assistance
- Software wallet (stored in computer’s hard drive)
- Vault service (protecting Bitcoin in offline mode) or multi-sig wallet for account protection through several keys.
For regular users, offline services act best for long-term safe-keeping. However, when it comes to complete anonymity and long procedure setups, it doesn’t work right.

For investors, all these services would work right as there isn’t any regular spending from the wallet. A Bitcoin wallet is very essential for the protection of your investing money.

Now, a question arises, how to choose the right wallet? Well, to answer this you need to know some absolutely secured wallet for everyone. These include, Coinbase, the most secure and widely preferred Bitcoin wallet which comes absolutely free of cost and very handy. It offers several services such as exchange, selling, purchasing and trading Bitcoin. This makes it more demanding and convenient.

The next, Cold storage, provides you with the facility to store your Bitcoin easily in an offline mood. When people do not trust wallets, they prefer cold storage.

The third is Electrum, a very prominent free storage facility within the Bitcoin community. It’s considered the best storage options, especially for investors as it is software-based.

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Step 2: Account Sign up

Similar to the bank account opening, Bitcoin investment also requires certain data to keep up your account sign in. Cryptocurrency also requires your identity and documents to verify you as a Bitcoin user from your country.

Just as in other apps, signing up requires your email address, OTP and other things, Bitcoin also asks your email address for verification. After this, there would be a green button that you need to click to get started with your account.

However, Coinbase requires your identity similar to a bank. Sometimes this could take a long time for the verification process. Therefore, signing up for your account is the best possible way to purchase.

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Step 3: Add a Payment Method

You need to buy some cryptocurrency to move forward with it. You’ll have to add a payment method to your Bitcoin account. This is similar to other apps that require your payment method and source such as Uber. Then, you have to enter your credit card or debit card, based on your preferences.

Sometimes the bank such as Scotiabank blocks your transaction through Bitcoin. They intend to block people from spending their money earned by Bitcoin, even when it is legal. However, when your bank cancels your transaction through Bitcoin for purchasing something, you will understand why the usage of Bitcoin is important for everyone.

Step 4: Purchase the Crypto

After the establishment of your account, open it through the app. There you will be introduced to a bunch of different cryptocurrencies. These are specially offered by Coinbase whenever you exchange. Besides, you can sign up for different currencies as well.

Before purchasing cryptocurrency in India you need to keep this in mind, that whatever you shall invest can be lost also. Sometimes your investment becomes half overnight and you wonder where did it go?

Well, this often happens here. Some might be lucky to safely keep their money however, others lose it. So, as being a fresher in a volatile market, you need to understand how it works. And at the beginning, investing more than 1-2 dollars is not your preference.

You can buy Bitcoin in India from several online exchanges like BuyUCoin, Coinshare, Unocoin etc.

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Step 5: Cryptocurrency holder

Through this time, you have become a legitimate cryptocurrency holder and became a part of some brilliant minds across the world, who are willing to transform and evolve the financial system and also, change some old traditional social systems. Welcome to the world of Bitcoin.

FAQ

Who is the richest Bitcoin owner?

Satoshi Nakamoto, the founder of Bitcoin, rumored to own around 1 million Bitcoins.

Is Bitcoin a good investment?

Bitcoin is an extremely risky investment that may or may not pay off.

Is it Legal to buy and sell Bitcoin in India?

It is Legal to buy and sell Bitcoin in India.

Conclusion

Bitcoin is the future of the financial sector. Some society norms need to change, regardless of what they have brought. The world is evolving into every field and sector then why not the financial? Bitcoin offers a safe place for investing your money.

However, it does have some drawbacks but that is pretty usual in normal cryptocurrency. Take a step and invest in Bitcoin, you will understand why it is so important and good. Get started with your Bitcoin.
May 16, 2021
Mastercard to invest $100 million in Airtel Africa’s Mobile Money

The global payments giant Mastercard has announced that it will invest $100 million in Airtel Africa’s mobile money business which runs under Airtel Mobile Commerce BV (AMC BV). Let’s look at the information regarding the deal and the future plans of the company.

What is Airtel Mobile Commerce BV
Recent Investments to Airtel Africa’s mobile money
Future Plans of Mastercard in Africa
FAQ

What is Airtel Mobile Commerce BV

Airtel Mobile Commerce BV is currently the company that undertakes and controls the major mobile money operations of Airtel Africa. The company also intends to operate and own all the mobile money business in 14 other countries of Africa which are operating under Airtel Africa.

Airtel Mobile Commerce BV’s services are mainly focused on the unbanked market of the 14 countries of Airtel Africa. Their services include mobile wallet deposits, mobile wallet withdrawals, commercial payments, merchant payments, provision of loans, the opportunity for savings, benefit transfers, virtual credit cards, and international money transfers.

Currently, the company has around 21 million users for its set of mobile payment services. The company had generated a revenue of $110 million in the recent quarter. They have an underlying EBITDA (Earnings before income, tax, depreciation, and amortization) of $54 million.

Airtel Mobile Commerce BV operates one of the largest financial services in the continent. It has a valuation of around $2.65 billion.

Number of customers of Bharti Airtel Limited

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Recent Investments to Airtel Africa’s mobile money

Airtel Mobile Commerce BV received a recent investment of $200 million from TPG’s Rise Fund. The company will own a 7.55% stake in the Airtel Africa’s mobile money service company AMC BV.

After closing the deal with TPG’s Rise Fund the company had plans to have a discussion on selling additional minority stakes of the company which will be around 25% of the issued share capital. They had plans to sell it to potential investors.

Airtel Mobile Commerce BV had announced its most recent investor which is the global payments giant Mastercard. Mastercard has announced that it would invest an amount of $100 million in the company. The company will own a 3.775% stake in Airtel Africa’s mobile money business after the completion of the deal.

The transaction of Mastercard is expected to close in two different portions. The first portion is expected to be closed at $75 million which will be finalized by the next 4 months and an amount of $50 million to be invested in the second phase.

In addition to the investments, they received from TPG’s Rise Fund and the global payments giant Mastercard, Airtel’s Africa is raising funds by selling off some assets. It is reported that recently the company has sold around 1,400 telecommunication towers to Helios in Madagascar and Malawi. The transaction is expected to be $119 million.

Both the companies Airtel Africa and Helios to trade tower assets in Chad and Gabon. The details regarding this transaction are not yet disclosed.

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Future Plans of Mastercard in Africa

Airtel Africa and Mastercard are two individual firms that are stronger to one another. Both the companies had already got into a deal in 2019. The deal provided an opportunity for Airtel Africa’s 100 million subscribers to receive access to the global network of Mastercard.

There 2019 partnership did not have any money exchange. In the most recent deal of Airtel Africa and Mastercard has extended their commercial agreements and have signed a new commercial structure that is focused on improving their partnership in different countries around the globe.

They are planning to concentrate on areas such as issuing of cards, payment processing, payment gateway, merchant acceptance, remittance solutions, etc. amongst the other services provided by the companies.

The CEO of Airtel Africa Raghunath Mandava said, that they were pleased to welcome Mastercard as an investor in their mobile money business. He also added that, this partnership is a continuation of their strategy to increase the minority shareholding of the company’s mobile money business. He said that they have a further intention of listing the business in the next four years.

The CEO also added that they are working towards strengthening their existing relationship with Mastercard which will help them realize the full potential of their considerable opportunity. This is to improve their financial inclusion in all the countries they are currently operating.

Airtel Mobile Commerce BV’s plan of selling the minority stake of the company to Ride Fund, Mastercard, and other potential investors is based on the telecom operator Airtel Africa’s belief to raise enough funds to monetize its mobile money business.

FAQ

What is Airtel Mastercard?

The Mastercard virtual card allows Airtel Money customers, to make payments to local and global online merchants that accept Mastercard cards.

Is Airtel Money wallet safe?

Airtel Money Wallet is an RBI approved payments wallet.

Where is the headquarters of Airtel?

The headquarters of Airtel is located in New Delhi, India.

Conclusion

The company’s efforts are to work towards the pursuit of investment opportunities, asset monetization, and ultimately reduction of debt in the company.

April 3, 2021