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December 18, 2016

8 things you didn’t know you could do with mobile wallets in India

In the past couple of years, mobile wallets like Paytm, FreeCharge, and MobiKwik have become quite popular in India, and the recent cash crunch in the country due to demonetisation has accelerated the adoption.

Mobile wallets allow seamless financial transactions instead of using cash, cheque, or debit/credit cards. The traditional methods have a friction associated with them, and because of the two-factor authentication mandated by the Government of India, credit card transactions too aren’t seamless.

Mobile wallet companies have thrown in a slew of promotions in the form of discounts and cashbacks and have worked hard on increasing adoption by online services [...]

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