Technology has changed the way most of us live our daily lives, and in particular, mobile technology and advancements. For consumers in India, one of the biggest ways these changes have impacted their daily lives is through the introduction of mobile wallets.
A mobile wallet, as the name implies, is like a digital version of a physical wallet. This online platform serves to keep money and pay bills. It acts as a simple way to do things like paying utility bills and DTH and mobile recharge.
The following are some of the biggest benefits that come with using a mobile wallet platform for mobile bill pay and recharge.
Security
When you use a mobile wallet or online options to pay for DTH and mobile recharge, as well as other utilities, it tends to be more secure than paying with a card or cash. When you’re carrying an actual wallet, there’s always the risk it could get stolen, and this can be especially detrimental if you’re carrying cash.
Also, in addition to helping users avoid the risks that come with a stolen wallet, mobile wallets keep data and confidential information from being passed to merchants.
Cash Back
Mobile wallets offer tremendous deals to consumers that use them to pay for things such as DTH recharge and mobile recharge.
For example, Paytm DTH recharge offer options include things like cash back, so the consumer is actually earning money simply for paying bills. These benefits are almost never going to be offered to consumers who pay their bills offline.
Discounts
Many of the top mobile wallet platforms including PayTm as well as Mobikwik and Freecharge offer opportunities for cash back as well as rebates and percentage discounts off the cost of paying merchants and service providers.
For consumers who take the time to shop around and find the best deals, they can save a significant amount of money on their monthly bills.
Fast Recharge
Not many people want to be without their mobile device or DTH service for even a day, which is while mobile recharge options can be ideal. When a consumer relies on an online mobile and DTH recharge option, it often just takes a matter of seconds. Mobile and DTH recharge can happen from anywhere, at any time with no interruption in service.
For example, if a consumer were to need a DTH recharge at night, in the past they would simply have to wait.
With mobile and online payment technology, there is never this lapse. The process for online mobile and DTH recharge also tends to be very simple and straightforward.
No Transaction Fees
The final benefit of paying for mobile and DTH recharge online is the avoidance of fees that are typically charged by traditional banks. Most banks do charge an amount of money for every transaction, whereas with a mobile payment option, you’re potentially earning money.
Mobile wallet and online payment options are quickly becoming the preferred way for the majority of customers in India to pay for things ranging from utilities and online purchases to mobile and DTH recharge.
