What is the meaning of India's native payment: India's version of "Alipay" Paytm, in addition to what other electronic wallets in India?

Electronic Wallets (eWallets) have become an important tool for online transactions, especially after the demonetisation of 500 and 1,000 rupee notes (about $7 and $14) in India. They have become the "superheroes" of the Indian e-commerce industry. So, which e-wallet payment gateways can cross-border sellers choose when entering the Indian market? This article will highlight the top 10 e-wallet payment gateways in India.

1. Paytm

Paytm is a popular payment platform in India that provides users with a digital wallet for storing funds and fast payments. With a wide range of discounts and Paytm vouchers that users can use to buy electronics, apparel and home décor, Paytm also allows users to receive payments and withdraw funds to their bank accounts.

2. PayUmoney

PayUmoney is an e-wallet service provider in India. It offers exclusive discounts on online transactions such as discounts on BookMyShow tickets 20% every Wednesday and significant discounts on FoodPanda orders, etc.PayUmoney differs from other e-wallets in terms of its wider range of benefits, including one-click checkout and discounts or cashback on every transaction. In addition, PayUmoney offers instant refunds when orders are cancelled.

3. Mobikwik

Mobikwik is another e-wallet that offers door-to-door cash collection for recharging, paying bills and shopping. Users can also recharge the wallet using credit and debit cards.Mobikwik is authorised as a semi-closed wallet by the Reserve Bank of India.

4. Citrus

Citrus payment gateway has attracted 80 million users in a short span of time. Apart from partnering with online service providers across industries, Citrus has also partnered with gifting and shopping portal Woohoo to enable customers to shop at over 5,000 offline shops.Citrus was acquired by PayUmoney in September 2016.Citrus is a leading payment gateway in the world.

5. State Bank Buddy

State Bank Buddy, launched by State Bank of India, allows users to transfer money to other users or bank accounts and can also be used to pay bills for movies, hotels, shopping and travelling. The wallet supports 13 languages and allows users to set reminders for transfers, subscriptions and view small statements for transactions.

6. Oxigen Wallet

Oxigen Wallet may not be as popular as the top five, but its features should not be underestimated. It offers fixed discounts and cashback services on sites that other e-wallets can't reach, such as eBay.in. Oxigen is the first organisation in India to partner with a non-bank wallet for instant money transfer services.

7. Freecharge

Freecharge is one of the fastest growing digital payment portals in India. It offers online recharges for DTH, data cards, electricity bills and gas bills. Through exclusive partnerships with retailers like Shoppers Stop, Cleartrip, Cafe Coffee Day, BookMyShow, RedBus and Jabong, Freecharge has become the preferred e-wallet for users of Snapdeal e-commerce platform. Recently, Freecharge announced that users can now receive payments through WhatsApp.

8. ICICI Pockets

ICICI Pockets can now be used as a 'digital wallet'. It can be used for transferring money, paying bills, booking cinema tickets, gifting and sharing expenses. Users can use these services even if they do not have an ICICI bank account. The amount that can be kept in the e-wallet is Rs 10,000 (about $141) and the bank has set a limit of Rs 5,000 (about $70) per transaction.

9. CC Avenue

CC Avenue is one of the larger payment gateways in India, supporting multiple languages and accepting payments in 27 major currencies. The company's commission rates are much higher than its competitors. With multilingual support, users can view the checkout page in their preferred language.

10. Momoe

Momoe is a Bangalore, India-based mobile payments startup that is dedicated to changing the way customers pay for travel, food or shopping. By using Momoe, people can make mobile payments at various grocery shops, clothing shops, restaurants, salons and other retail outlets.