Let's talk Digital Wallets!

Feedback & Ideas Features
21

Hi @Scorpion,

Thanks for your reply! Could you help me understand the use cases where you use the wallet to transact? Also, could you name the wallet that you use?

22

Hi
Further to your below mail,I generally use the wallet to pay my credit card and utilities and I use paytm and Google pay.
Thanks
Harish

Yahoo Mail: Search, organise, conquer

23

29
Surat Gujarat
Store manager at retail store
No I do not have a phone pe account
Cred wallet for card payment and rewards
Not using MobiKwik
And slice for general emi on minimal things
I donā€™t like or dislike specific
But as you insist sir
I want to use a wallet where every other option
I mean rewards or payment structure like cred or gaming structure in reward to make community in app rather than emails or websites
Or you can say like Chinaā€™s one stop app wechat
Also I can manage everything related my money from that app also a pay later access which I use in Amazon and lazy pay
And if itā€™s possible than it had a minimal charges to operate and as we use jupiter there is a specific theme so it can connect by relativity and so on

DB

1 Like
24

I use slice wallet on regular basis.

Likes:

  1. Less cluttered App.
  2. Cleaner UI with smooth transitions
  3. I use it for all small upi transactions
  4. Best Part - Biometric Authentication

Dislikes:

  1. High fee on cc wallet load.
  2. Gaming reward structure became little annoying.
1 Like
25
  1. Digital Wallets currently : Phonepe Wallet ( Convenience and faster )
  2. Dislikes : Interoperability is an issue
    If I can pay through any wallet to any QR code , itā€™s a game changer
1 Like
26

Ever since we have upi lite, i havenā€™t loaded any wallet.

1 Like
27

Hi @Akash_Kumar,

Thanks for the crisp reply! The point on interoperability is noted.

Could help me understand more about why you use PhonePe wallet for small UPI transactions rather than routing it via your Savings account?

Looking forward to your reply :slight_smile:

28

Hi @Chaitanya_Kolhe,

Thanks for the reply! UPI lite has following restrictions:

  1. Payment of more than a certain amount requires PIN authentication
  2. Maximum of 2000/- INR can be kept as balance

Which leads me to believe that you do small value UPI transactions via UPI lite, correct?

Also, what if you were offered a product that would not have the restrictions of UPI lite but the convenience remains the same? Would you be interested in using it?

Looking forward to your reply! :slight_smile:

29

Less cluttered transaction in savings account is main reason

Take an instance I load ā‚¹2000 to my wallet and all transactions are taking place here from wallet hence my bank passbook will have only one debit transaction of ā‚¹2000 compared to several small penny transactions which sometimes becomes difficult to maintain

30

Noted, one last question @Akash_Kumar

PhonePe also offers UPI Lite with almost the same functionalities.
Question: Are you aware of this feature? If yes, what makes you choose PhonePe wallet over UPI Lite

Thanks in advance!

31

I have heard and tried upi lite but somehow the failure rate / grievance redressal mechanism is really bad.

1 Like
32

Iā€™m currently using Amazon Pay wallet, and I really like its feature of adding money through both debit and credit cards. If digital wallets could have a low or no fee for adding money via credit card atleast up to a certain limit each month, that would be great.

1 Like
33

Shreyam Karmakar, DURGAPUR

MobiKwik Wallet

I use it for for some special purpose only & some specific Spends after i started using UPI Lite, but I will use wallet if it carries features a good Spend Categorisation, which can help me to track my spends at the end of the month. And it should be interoprable with existing Payment systems like UPI & Card.

34
  1. No charges on loading wallet using DC/CC
  2. More rewards on using wallets
  3. More wallet limit if it is allowed by law to avoid frequent wallet loads
  4. Interoperability as also suggested by some others as well
35

My age is 22, and I live in Kolkata, West Bengal. Currently, I am working as an accountant in a company.

Yes, I am currently using the Slice wallet, which is also enabled for UPI. The feature I like is that they also offers both virtual and physical prepaid card linked to the same account. This allows me to use it as an alternative to a bank account. It is useful as it helps declutter my statements and lets me spend within the limit I choose. I often use them for day-to-day spending like grocery, medicine, bill payments etc.

It has some cons, such as the absence of a budgeting tool and the lack of NFC support.

1 Like
36

I have a suggesting, although i donā€™t know technologically it is possible or not, can NCMC Based prepaid card by issued from your Wallet, which can be used in metro and other places.

Also think about spend Categorisation and Budgeting.

Wallet should be interoprable with UPI & Card.

1 Like