1. Mobile Wallets

2. Introduction  Online shopping is the latest trend in India  India is becoming a country of mobiles & internet with around 200 million internet users.  The trend of online shopping is catching up fast in metro cities  E-commerce portals have grown up to offer the option of ‘Cash on Delivery’ to appeal customers

3.  Meanwhile there is increase in people taking up to different digital payment platforms known as mobile wallets  Mobile wallets have made it easy to carry out online shopping payments, online utility bill payments, mobile recharge online, DTH recharge online, online bus / movie ticket booking.  In India there are options like Paytm, Mobikwik, Vodafone M-pesa, Chillr, Free- charge, Airtel Money, Oxigen etc.

4. Paytm  In February 2014 Paytm launched as Ecommerce website as it started as Mobile recharge, DTH plans & Online Bill payments  Paytm is offering shopping, travel, entertainment, and food along with partners like Uber, Bookmyshow, makemytrip  It is the only wallet giving IRCTC access, & has a License from RBI to set up payments bank, enabling it to offer current & savings account deposits, issuing debit cards & offering Internet banking services

5. Mobikwik  Along with Mobile recharge & Bill payment options Mobikwik offers merchants such as BookMyShow, MakeMyTrip, Domino's Pizza, eBay  Mobikwik has a section with cash back offers listed on website that include both online & offline players  It's also tied up with Ezetap, whose new point of sale machines are like credit card machines that over 70,000 shops are already using, so you can pay with your MobiKwik wallet at any of these shops even if they haven't partnered up directly

6. M-pesa  Vodafone started their very own Mobile Wallet & claims to be India's largest cash out network, with over 85,000 M-pesa agents spread across the country  M-pesa deals in Recharge, DTH connections, postpaid Vodafone numbers, utility bills and online shopping  Money can be transferred to bank via its inbuilt IMPS service, or to a mobile number, but charges apply in slabs

7. Oxigen  Oxigen features deals giving mobile payments option for mobile, landline & electricity bills  It facilitates money top-up and use it for mobile data recharge, DTH & data card recharge  Oxigen Wallet is sanctioned by RBI, & claims to be India's first non-bank wallet to have tied up with NPCI (National Payments Corporation of India) for direct money transfer

8. Free-charge  Freecharge gives you mobile recharge, electricity bill payments, DTH and data card in India  It is acquired by Snapdeal in April 2015, FreeCharge launched its own digital wallet for making transaction in September 2015, & at the time claimed a user base of 5 million wallet users in an emailed factsheet  It recently added metro card recharging as a feature of its platform. The wallet can be topped up with debit cards, credit cards and net banking, and can be managed via an app or from the Web browser

9. Loopholes in Mobile Wallets  Security of the User is the main issue in Mobile Wallets system  The top companies offering Mobile Wallet system are not successful in providing security to user name & passwords  Customers should be at ease while using these services as all important account details are highly confidential  It will be interesting to see how these companies cover-up their loopholes

10. Thankyou