4 India-based Card-Linked Digital Wallets for seamless payments

By Gloria Mathias

Card-linked digital wallets in India allow users to link their debit or credit cards to a digital wallet app, enabling seamless and secure transactions without the need to enter card details repeatedly. These wallets, such as Paytm, PhonePe, Google Pay, and Amazon Pay, offer the convenience of storing multiple cards in one place while providing enhanced security through encryption and tokenization.

Additionally, they often come with rewards, cashback, and discounts, making them attractive to users. Integration with various merchants and online platforms further simplifies payments. At the same time, features like expense tracking and budgeting tools help users manage their finances more effectively, solidifying their role in India’s digital payment ecosystem.

India’s digital payment landscape has seen a rapid transformation, with card-linked digital wallets emerging as key players in driving the shift towards a cashless economy. While global giants like Google Pay have made significant inroads with their user-friendly platforms, India-based fintech companies are not far behind. These homegrown digital wallets are increasingly competing with international players by offering localized solutions, enhanced security features, and attractive rewards tailored to Indian consumers.

From seamless integration with multiple payment options to innovative features like expense tracking and exclusive discounts, these India-based card-linked digital wallets are making digital transactions more accessible and rewarding for millions of users across the country.

Listed below are 4 India-based card-linked digital wallets that you should know about: 

• Ring

RING is India’s payments and lending fintech player. It was launched in 2022 by OnEMi Technology Solutions. RING is a pioneer in data and machine-based lending. With over 11 million customers, including 40% from Tier 2 cities and beyond, RING offers short and long-term loans for businesses, personal consumption, and recurring needs. Seamlessly blending online and offline payment options, including bill payments and UPI transactions, RING simplifies financial management.

• Ongo India

Ongo is a fast-growing digital payment platform in India. It offers payment convenience to corporates, merchants, and consumers through an omnichannel payment platform. Launched in 2015 by AGS Transact Technologies Limited, the Ongo ecosystem comprises an all-in-one POS platform for accepting digital payments via various form factors, including Bharat QR, UPI, RFID, and debit/credit/prepaid cards; various Ongo applications for merchants; and an Ongo Prepaid platform for consumers.

• Spot Cash 

Spotcash is a FinTech start-up in India that offers tools to help credit card owners. Its service allows one to transfer money from their credit card to their bank account and also provides cash against their credit card. This service is available even on bank holidays and can be used for offline transactions. Spotcash is also a popular way to pay off debt or borrow money for a big purchase.

• SuperPe

SuperPe is a free app that allows users to make payments and shop using their credit cards. The app enables UPI payments, which allow users to pay for rent, education fees, and more using any VISA, MasterCard, or RuPay credit card. Users can also transfer funds from their credit cards to UPI and bank accounts.