making the move to mobile payment apps.
Sometimes, it’s forced by other factors. For instance, when Uber stopped accepting credit cards in India because of the RBI mandate for two-factor authentication, many started using Paytm for Uber.
But some are hooked on the convenience. They’re quick, friendly, give instant updates on transactions, and have features that are usually not available with card payment.
Others are hooked on them for their safety and built-in limit. Even after Uber reintroduced cards for Indian users, many continue with Paytm, because you can keep tabs on your spend more easily, recharging, say, Rs 2,000 weekly.
Mobile wallets offer a better way to manage payment tools, from debit and credit cards to discount vouchers and loyalty vouchers. You can safely store your credit card information in the wallet app to be used later in the event that you need to make an instant transaction, and don’t have access to your card at that moment. It is also more secure than carrying a wallet full of cards all the time.
A mobile wallet app also gives you better control: you get a single place to track your purchases, experts say.
Here are five popular mobile payment apps:
Resource :- http://www.techtree.com/content/features/10161/why-use-mobile-payment-apps.html
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