India has gone way more digital than it was in the past- due to the advancement in technology and also due to the initiatives were taken by the government to promote the cashless economy. This pave the path to the new means of money transactions widely known as E-wallets which got a new identity after demonetization.
There are various e-wallets available, for instance, freecharge, Paytm, Mobikwik, etc. but certain features like offers and discounts, ease of access, feasibility in various corners of the country give a few an upper hand over the rest.
1. Ease of Access: Both freecharge and Paytym are user-friendly and any layman can easily know how to go about it as they involve simple registration for signing up and verification through call or SMS.
2. Offers: Paytm has many products available which can be bought at a discounted price with a nominal delivery charge. But freecharge, on the other hand, has not expanded its walls yet.
3. Refer and Earn: In order to attract more users to download and use the application, both freecharge and Paytm used to run this refer and earn policy. But now, only freecharge runs this offer.
4. Cash Back through Coupon Code: While Paytm has this facility only on a large amount of money addition, for freecharge even a trivial transaction earns some or the other cash back.
5. Availability at Selected Merchants: Paytm is way too popular than freecharge. The demonetization last year witnessed the immense use of this platform from petrol pumps to dairy shops, etc.
Despite running a number of cashback offers and refer and earn policies, Paytm is more popular than freecharge. Besides, the colossal marketing, early inception, and availability with various merchants have added more to it.