Ewallet is the best way to move toward cashless India. Ewallet or you can also say mobile wallet which is getting famous day by day. Millions of people getting benefit through ewallet. It can help you to stay connected with your bank. Even on 24×7.
What option have we?
Ewallet-Best mobile wallet in India and its technical know-how
Why should we use ewallet?
It can help you anytime anywhere. If you are running short of cash…. no problem! You can make payment from your ewallet. It is easy and fast. You don’t have to share your debit or credit details with the unknown person. Simply login to your account makes a payment. Not only this, there are tons of benefits and facilities provided by the ewallet companies.
Here we will discuss something different which will help you to get the better understanding about ewallet.
- What is ewallet?
- What is the difference between the bank (debit/credit card) and e-wallet?
- Why is it important to us?
- How should we use?
- Is there any risk of using ewallet?
- Is it safe and secure in terms of our confidential details?
- How many ewallets can we use?
- How long will it take to access account?
- Is it any charges to have one?
- Why should we share our mobile number and email id just to signup?
- If we save our card details for future use, will it be safe in my ewallet account?
- What is the use of promocode?
- Can I pay bills?
- If my transaction failed and payment deducted from my account what should I do?
- If I lost my mobile what will happen to ewallet account?
- Best ewallet in India
1.What is ewallet?
Ewallet allows the user to stock money to their e-wallet account and you can also store multiple credit/debit card and bank account securely to e-wallet account. It is an online prepaid service where you can stock money and use it when you need it. The purpose of this e-wallet application is to eliminate account detail at the time of payment, if you have an e-wallet account, you don’t need to punch your credit/debit card detail nor your internet banking ID and password, you can simply use e-wallet account that’s it.
2.What is the difference between the bank (debit/credit card) and e-wallet?
First of all, you should know ewallet will give the flexibility to store cash according to your need which you can’t get on bank debit/credit card. You don’t have to share confidential details however in the card you have to share your pin number and other details. If your card will be lost then it might be possible to lead unauthorized transaction.
All in all, ewallet could be a better option towards cashless India.
3.Why is it important to us?
As I discuss already It will help you in a number of ways. Now a day hacking is very common and we don’t want to lose money. if we look at this aspect It could be more convenient rather than cards. Ewallet is really important because we are moving ahead to technology and thing are more organized. Instead of paying bills from the card one by one why don’t we accept this technology of ewallet and get everything under one roof.
4.How should we use
Cashless India could be one factor to use ewallet. India is stable now after banning of 500 and 1000 notes but the shortage of cash still not eliminated. Now Its providers are actively working to enhance their service facility. In that case, it will be safer to go.
5.Is there any risk of using ewallet?
As far as security concerned it is much safer than debit/credit card. If you lose your mobile, in that case, you might lose your money which would be stored in the wallet. You can store the limited amount in order to avoid theft. The risk is less as compare to another mode of transaction.
6.Is it safe and secure in terms of our confidential details?
Ewallet is safe and secure to use. They allow you to store multiple credit card and bank account numbers with security priority. As far as security concerned they also follow some of the RBI guidelines in order to provide financial services to the consumer. They also eliminate account details which are required for every single payment.
7.How many ewallets can we use?
You may use multiple accounts but our recommendation is use one or two. Use only those wallets which are fast in the process and good in service and reliable too.
You can see below our best ewallet recommendation.
8.How long will it take to access account?
There is no such time limit to access your account. As soon as you created your account and update your profile you will be eligible to use ewallet.
What you need to do go to playstore on your mobile phone and download your required ewallet app. Create account verify details like mobile number and email. You are ready to go now.
9. Is it any charges to have one?
As if now there are no charges. It is free of cost. Anyway, they are getting benefited from their app.
10.Why should we share our mobile number and email id just to signup?
They required details so they can help you to provide the better experience. They can also contact you directly if something goes wrong on your payment processes. if you provide you contact details then only ewallet companies can give your receipt of transaction that you make.
11.If we save our card details for future use, will it be safe in my ewallet account?
As I said already, using of ewallet is totally safe and secure. Card details will be safe and secure they will not run to do anything wrong with your card details. As I told you already they also follow some of the RBI Guidelines.
12.What is the use of promocode?
Promocode is kind of discount they offer to the consumer in order to attract more customer.most of the time you may see enter your promocode. Some of the promocode is good you can apply on your transaction.
You may see promode code on the offers. Every company have their offer section you can check out before you make any payment. If an offer is suitable for you can apply on our payment transaction.
13.Can I pay bills?
Yes, you can pay bills if your ewallet companies have an option to pay bills you can pay. Now a day most of the ewallet companies coming up with local bills payment as well. You can also pay electricity, water gas bills as well.
14.If my transaction failed and payment deducted from my account what should I do?
If something wrong with your payment transaction and amount deducted from your account. In that case, the amount will be refunded back to account. Generally, payment restored in your wallet. If payment not restored then wait maximum 5-7 business days to credit back to your account. In case money not credited back to your account within TAT (Turn around Time) which is 5-7 business day then contact to your bank branch or email to your bank.
Don’t worry your money will not go anywhere. Sometimes it happens false transaction take place and amount deducted from your account. Most of the case amount automatically credit back.
15.If I lost my mobile what will happen to ewallet account?
Immediately contact to your ewallet companies ask to deleted or freeze your account. So no one can use on behalf of you. In order to avoid these kinds of issues we recommend, keep the limited amount to make it safe and secure.
16.Best ewallet in India
Note: These are famous ewallet. Paytm and Freecharge in competition and they keep updating their facilities and features but others are also good. We suggest you visit their website and collect all the information which you need and then install the app.
Note: This information is truly owned by indiavent.com. We are helping you get updated about this topic. It is not only the best payment processors there are other modes of payment facilitator like UPI more robust then ewallet but it doesn’t mean It will eliminate from the market.