A Complete Guide to Mobile Wallets | Payment Banks | Top 5 Digital Wallets

Mobile wallets have changed the way we do transactions in our country. Demonetisation certainly helped and now we have mobile wallets like Paytm, Freecharge and Mobikwik register a soaring growth. NPCI has come up with schemes like UPI or United Payment Interface and BHIM app making it even harder for consumers to choose. And now even the mobile wallets are becoming payment banks. Digtal payment Industry in India is changing at a very fast pace and all these new terms like payment bank, IMPS, UPI, BHIM etc. can confuse the best of us.

In this video, I have tried to answer questions like What are Mobile Wallets? What are the types of digital wallets? What are the transaction limits and charges and Which is the best Mobile wallet to choose from so many options like Paytm, Freecharge, Mobikwik, Jio Money, Airtel Money, Oxigen Wallet, PayU money etc. The aim of this video is to compare, analyse and understand the working of mobile wallets so that viewers and consumers can make an informed decision.

Airtel Money has already opened their Payment Bank while Paytm and Freecharge are soon going to transfer their wallet business to Payment Banks. Narendra Modiji launched BHIM app to promote the digital India campaign thereby offering a better alternative to the mobile wallets. This video gives an overview of Payment Banks , UPI or United Payments Interface and also explores the road ahead for Mobile wallets after the introduction of UPI and BHIM app.

Digital is certainly the future and as Vijay Shekhar Sharma, the CEO of paytm righly said"We will change the way banking is done".

00.00- Indtroduction
01.20- What are Mobile Wallets?
02.32- Types of Mobile Wallets?
04.30- What are Payment Banks?
05.00- Merits and Demerits
06.10- FAQ
07.00- Transaction Limits and Charges
09.00- Top 5 Wallets
10.30- What is UPI??
12.00- Are Mobile Wallets relevant?
12.34- End

[TheEldash]

Are these for India only? You know any good ones for the USA?

[mohanak]

Very good video.All the aspects of any wallet to considerd to use is covered here in this video.Good job!!

[dhavalthakkar]

Can you tell me the name of the software which you used to create this video ?

[KenLohwh]

Excellent content.

However, the background music drowns out the voice narration.

[nunyaserrano]

Interesting video:) I will have to re-watch because I struggle with understanding the content and your accent is pretty heavy. The visual representations definitely help, thank u

[speechlessinseattle]

Thank you for this really informative video.. I learnt a lot and your presentation is very good. Please continue to upload more videos. I would be grateful if you could make videos on cryptocurrencies and blockchains as well.

[nayannandi]

Can I integrate multiple API provider's API in an one website??? Example:- separate API provider for mobile and DHT recharging, another separate API provider for train flight ticket booking in an one website....???

[rakeshkr]

Hi, Nice video. How do we contact you?

[dannydenzongpa]

Btw very nice video but after kyc became mandatory for wallet holding.The user count will surely reduce😅

[jainamshah]

Good video... but its too long, make it little bit short and concise

[dannydenzongpa]

Airtel Money has lowered interest to 5.5%

[Cryptomadeeasylocally]

Good information, with all the criteria mentioned, I consider Atomic Wallet as one of the best crypto wallet to count on.
atomicwallet.io