Are Mobile Wallets secure to use

Mobile wallets
So guys here today am going to share some small review on mobile wallets.

What is a mobile wallet?

Mobile wallet is a eWallet that is used to store money for easing bill payments and fund transfers.

These wallet trend started somewhere on 2004.  Effective from 2016 due to non availability of cash in India at Msjor ATM centers, the number of wallet users increased tremendously.

Which wallets to use. Since wallets are almost used to save real money. There are few fears regarding these.

Here are the few wallets available. Paytm, Freecharge, Buddy, Mobikwiki and Airtel money.
Here I will shortout the best wallet with review.

#1 Airtel Money
Airtel money is secure wallet that is used to store money. Like bank lockers the secure walls are strong for hackers to hack. Easy to use, but not too convinient.

Secure check : Strong
Customer Support : Good.

Rating : *3.5/5

#2 Buddy Wallet.

This is also one of the good wallet companies that is used to store money. Since this is run by SBI the strength of wallet is strong.

Secure Check : Strong
Customer Support : Good

Rating : 3.2/5

#3 Freecharge

This is also one of the mobile wallet and payment portals of 2016. The wallet is free and easy to use. But the wallet walls are not much strength. Wallet should has password system like their Virtual card have MPIN which protects more.

Secure Check : Fair
Customer Support : Excellent

Rating : *3.5/5

#4 Paytm

Paytm is one of the biggest wallet companies with Millions of users. The wallet is easy and convinient to use. The wallet walls are stronger.

Secure Check : Fair
Customer Support : Good.

Rating : 3.5/5

#5 Mobikwik

Mobikwik is one of the wallet companies that is rapid increasing. They have good support, but the wallet walls are not much stronger.

Secure Check : Fair
Customer Support : Good.

Rating : 3.2/5

So guys I recommend Freecharge wallet for transactions upto 10000/- which can handle good. For transaction with 20,000 I recommend Airtel Money or Paytm.

Due to bank confidential information am not sharing all details..

Have doubts.. still unhappy just comment below.


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