Paytm crisis: While the fintech major has repeatedly issued clarifications and FAQs to say ‘all is well’, many customers are looking for options for their digital banking needs.
Paytm Crisis: Amid the threat of the impending February 29 deadline, Paytm is battling an uphill task of resolving the regulatory concerns as well as alleviating the fears of its customers. Multiple reports have suggested that there has been a marked increase in the download rate of other digital banking apps. While the fintech major has repeatedly issued clarifications and FAQs to say ‘all is well’, many customers are looking for options for their digital banking needs. So, if you are worried about what can you do after February 29 and what options you have in terms of alternatives to Paytm, we are here for you. Presenting top options that are safe, secure and easy to use for all your digital payment needs:
PhonePe: PhonePe is a secure way to make all the digital payments, UPI transactions as well as recharging your cell phones. The user interface is quick in navigation and very easy to understand. PhonePe is now being used by a vast network of traders making it easy to make payments while shopping etc. The backend is based on top technological setup making it reliable option for your everyday digital payment needs.
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MobiKwik: This alternative of Paytm also has facility of digital wallet that helps you in making all payments in safer environment. The encryption-based backend helps in securing all transactions – be it recharging your OTT subscription or paying a large sum via UPI. Apart from the usual digital banking features, MobiKwik comes with ‘ZIP Pay Later’ facility. This helps you in shopping endlessly without worrying about funds. Under this feature, you will get what the company calls ZIP EMI. Under this, you can avail a loan anywhere between Rs 10,000 to Rs 2 lakhs and choose EMI slots that can go from three months period to 24 months (two years).
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Amazon Pay: A well-known product that comes with reliability of Amazon, Amazon Pay has everything one needs in terms of digital payments. Integrated in the ecosystem of Amazon, one can easily shop, pay bills, recharge phone, DTH subscriptions in just few easy steps. Amazon Pay also has Amazon Wallet, which helps in saving money in more secured way for any kind of online payments. Amazon Pay is powered by super secure backend of Amazon, which helps in navigating the digital world in an easy way.
Google Pay: Google Pay has gained popularity among the customers for its simple UI and security features. From storing your money in Google Wallet to integrating UPI facility for seamless digital transactions, Google Pay is now the one-stop shop for many. And the best part of this is that it comes with robust secured backend by Google. And it works not only in India but anywhere around the world.
Jio Payments Bank: A new entrant in the fintech world, Jio Payments Bank also comes with array of features and provides all sorts of digital banking solutions. Jio Wallet a secured ecosystem for better money management.
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