The mobile wallet apps have suddenly become an important part of lives. Post demonetization, millions of people are using them every day to transfer and receive money online.

Wallet apps are very useful. They make online shopping easier. Once you have added money to your digital wallet, you can quickly complete a transaction on your favorite websites.

After the demonetization of 1000 and 500 Rs notes, many offline shops have now begun to accept payments via wallet apps. Hence, if you’re in an emergency situation, you don’t have to wait in a queue in front of the bank’s cash counter or ATM to withdraw the money.

The wallet apps are easy to use. Transferring money with them is a piece of cake because users on wallet apps are identified by their mobile phone numbers. All you have to do is link your bank account with the wallet app and use the transfer money option provided by the mobile wallet apps.

Once you do so, the apps request you to enter the payee’s phone number. Enter the number and tap on the submit button.

The apps transfer money in real-time. NEFT transfer takes up to 4 hours. If you’ve deposited a cheque, the payee may have to wait for 3 to 4 days.

You’ll not be asked to fill the number of 100 or 2000 Rs notes, your address, signature while sending money to another user.

Unlike banks that remain closed on public holidays or Sundays, the wallet apps are active 24 x 7.

If you’re ready to go cashless, download and install the below best mobile wallet apps in India.



PayTM is one of the most downloaded mobile wallet apps in India. It is a free app that enables you to receive or send payment from any part of India.

The app lets you recharge your prepaid or postpaid mobile plans, DTH service and also let you pay your due electricity or gas bills.

The app has a function that allows you to find nearby businesses that are accepting payment with the PayTM application.

PayTM allows users to update their wallet balance with debit or credit cards provided by all leading banks in India.

Apart from the wallet module, PayTM lets you shop online and avail attractive cash back offers.

Download PayTM app for Android



Freecharge is the 2nd most popular mobile wallet app in India. It is owned by India’s 3rd largest eCommerce firm i.e. Snapdeal.

The app lets you log in to FC with your Google account. Once you’re logged in, you can easily recharge any phone number or send payments in a couple of minutes.

The Freecharge app comes with a special Data Lifeline feature that provides prepaid SIM card users free 100 MB data credit on exchanging tokens.

The app allows users to find coupons for availing discounts at popular shopping portals, restaurants, malls, etc.

Download Freecharge Android app.



MobiKwik is a great alternative to PayTM. It is a standalone wallet application. If you’re annoyed with PayTM’s recommendation of products, you should try out MobiKwik.

The app is very similar to PayTM. You can make payments, recharge your phone number, pay DTH subscription fees, book bus tickets or receive/send cash online.

You can use the MobiKwik application to pay bills at over 4000 restaurants in India.

Along with the startups, some of the top banks in India have launched their mobile wallet apps. Below paragraphs cover best Android wallet apps that are owned and maintained by banks.

Download Mobikwik app for Android

ICICI Pockets

icici pockets - best wallet apps in India for Android

The ICICI Pockets is one of the most powerful applications on our list. It is one of the few wallet apps that support NFC and UPI payments.

Once you enter your phone number, the app checks whether your phone number is registered with a bank account. If the number you’ve entered is present in the ICICI bank customer database, the Pockets app links your a/c with it.

ICICI Pockets is a secure app. First-time users are requested to set a password to unlock the main screen of the app.

Download ICICI Pockets wallet Android app.

SBI Buddy

SBI’s wallet app has some cool features. Unlike other mobile wallets we’ve covered here, Buddy application allows users to set reminders for pending payments.

The app provides a function to politely ask a person to pay you back. It lets you find and book a flight and hotel room online. You can also transfer wallet cash into your bank account with it.

The SBI Buddy Wallet app supports several local languages. It is as intuitive as other apps on our list.

Conclusion: If you’re searching for a good wallet app for Android device, install SBI wallet, ICICI Pockets, PayTM, MobiKwik or PayTM.


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