Sunday, 26 August 2018

Mobile Payment Methods : Paytm, PhonePe, Google Tez and freecharge Comparison with diffrences

Online transactions are now becoming popular and there are many ways to transfer money through online, for example, using debit or credit card in net banking in the smartphones that can be used through the UPI you can also use in a featured phone using USSD code *99#, but we are discussing the topic of Online transaction that can be using any wallet apps for example:

  • Paytm
  • PhonePe
  • Freecharge
  • Mobikwik
  • Google Tez

There are many digital wallets are available in India but these are the most used and digital wallets and over a million+ downloads in the Google Play store.
The main benefit of using digital wallets in the smartphone is that you can go cashless and instant money transfer without the need of carrying money, its safe to use that uses the authentication process which safe the transaction mostly wallets 128bits security that safe and record every transaction. Another advantage of digital wallets that you can handle more than 1 card or bank account.
We discuss the features and details of the most used wallet apps in android and comparison


Paytm is a private Indian digital wallet Initially, it was used to recharge the DTH and mobile prepaid recharges. Later it adds on more and more services time to time. now Paytm has a huge number of users database over 30 Million+ users, It also available some offers to attract and to promote their app, That is why Paytm also added new features from time to time. Paytm introduce his Paytm mall to buy items for a discount. Paytm wallet money can be transferred into a bank account on an interest of 3 %.

  • Paytm is a wallet app, it also launched on its own Paytm mall app which has more than 3 million products.
  • Transfer money directly to bank your account
  • Get different offers and cash back to use its features and Benefits of KYC.
  • It is the most used wallet apps that you can find most of the people using it.
  • It has the added the chat box feature.


PhonePe is also a popular Indian mobile wallet application, which is licensed by Reserve bank of India. It also has a big number of users database of 10 Million+ user. PhonePe is also availed feature of transfer the money at the time of calls someone and using UPI.

  • PhonePe covers almost every banks of India.
  • the complete e-KYC process to avail the extra features.


Originally it was an e-commerce website that recharges the mobile prepaid and postpaid bill, DTH, Data card and many more. Now it can use as a payment transaction application Over 10 Million+ users use this app.  Freecharge is the first electronically money transfer based application. This application is not the same as the others like Paytm and Phonepe. It does not use to transfer the money.
  • It has added the feature to donate money directly to the NGO's.
  • Application User Interface is simple as to others.


Mobikwik is an Indian company which is kinda similar to freecharge that uses to the payment of bills. It is authorized by Reserve bank of India, now its user database has reached to over 9 Lakh +.
Mobikwik launches its e-wallet feature on 2012. In November 2016, Mobikwik his lite version for those who are using poor or 2G connections.

  • MobiKwik refunds the money instantly in case you cancel any ticket or booking in your mobile wallet.
  • Mobikwick available for IOS, Android and window phones users.
  • It also availed the different offers to promote its app.

Google Tez

Google Tez is a mobile payment app that uses the UPI  to transfer the money which is the safest way to transfer the money to others. There is no required to log in or create an account to use this.
  • Google Tez released in September. In this few time, Tez was rapidly increasing their databases now its reach the 6 Lakh + users.
  • Google Tez has a very simple user interface
  • Simple UPI transaction only
  • No needed of login and signup for using

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