Ordinary wallet vs e-wallets - features, pros and cons
Wondering if e-wallets are really beneficial? Know the advantages and downsides of using e-wallets through the feedback of actual users who have given reviews of various e-wallet brands
Now days many banks like HDFC, ICICI, SBI are providing e -wallets such as Payzapp, pocket money, SBI buddy etc. Also there are many non-banking financial companies like paytm wallet, mobikwik wallet, oxiwallet etc which are allowing you to keep money or add money through your debit, credit card or through internet banking.
First of all people might think that what is the benefit of using those wallet instead of giving cash or swipe directly debit or credit card at POS or shops. By paying through those wallets you get secured m-pin, also you get good reward points which can converted in future either for gifts or for cash, you get good discount than paying through cash etc.
How many of you are using any of the above mentioned wallets and how comfortable you are with these e-wallets?