EWallet, the smart choice for your business, register for ewallet.

Register for ewallet


Pay in a snap with the easy and elegant interface which gives you an outstanding experience.

Free forex bonuses


EWallet, the smart choice for your business, register for ewallet.


EWallet, the smart choice for your business, register for ewallet.


EWallet, the smart choice for your business, register for ewallet.


Don't believe us? Take a tour on your on and don't miss a perk. Ewallet takes advantage of common design patterns, allowing for a seamless experience for users of all levels.


Ewallet, the smart choice for your business.


Sell using your countries currency and cryptocurrency.


Pay in a snap with the easy and elegant interface which gives you an outstanding experience.
Don't believe us? Take a tour on your on and don't miss a perk.


Better for you and your customers


Customer support.

We’re here to help you and your customers with anything, from setting up your business account to seller protection and queries with transactions.


Quicker and simpler access to funds.

Payments you receive go to your ewallet balance in moments, and you can withdraw funds to your bank account.


Sell on your website. With your currency

Accept payments from customers in unlimited currencies or cryptocurencies and build markets without the hassle of accepting foreign cards.


Ewallet will drive your product forward


Present your product, start up, or portfolio in a beautifully modern way. Turn your visitors in to clients.


Responsive design

Ewallet is universal and will look smashing on any device.


User design

Ewallet takes advantage of common design patterns, allowing for a seamless experience for users of all levels.


Clean and re-usable code

Download and re-use the ewallet open source code for any other project you like.


responsive devices


Main features


The best script for building the modern web fintech application.



  • -- bootstrap 4 stable

  • -- E-commerce

  • -- unlimited ( withdrawal / deposit ) methods

  • -- ( send / receive ) money

  • -- ( create / load ) vouchers

  • -- 6 color skins

  • -- currency exchange

  • -- unlimited currencies

  • -- earn by transaction fees

  • -- crossbrowser

  • -- user roles




Register for ewallet


This is your third and last login attempt available.


Your profile will be blocked if you fail to enter your login details correctly.


Oh no!


We've noticed that you've tried to login more than 3 times.


You might have blocked your online banking profile.


In order to unblock your profile, reset your username and password.


Cellphone banking



  1. Dial *130*321#

  2. Select send money

  3. Select the account you want to send money from

  4. Key in the cellphone number you want to send to

  5. Enter the amount you want to send

  6. Confirm that all is correct (make sure you entered the right cellphone number)


To send money using FNB cellphone banking you need to be registered for cellphone banking.


To register for cellphone banking, dial *130*321#


Online banking



  1. Log into FNB online banking

  2. Select the payments tab

  3. Enter your one time PIN (OTP)

  4. Select send money

  5. Select the account you want to send money from

  6. Select the amount you want to send

  7. Key in the cellphone number you want to send money to

  8. Click on finish


You need to register for online banking to send money via the internet


FNB ATM



  1. Insert your card and enter your PIN

  2. Select more options

  3. Select buy it/pay it

  4. Select send money. Read the terms and conditions and then select proceed

  5. Key in the cellphone number you want to send money to and select proceed

  6. Key in the amount you want to send money to and select proceed

  7. Confirm that all the details are correct and select proceed

  8. Remember to take your card


No registration or application is necessary if you send money via an FNB ATM


fee (BWP)
send money P9.40
withdrawal (you get 1 free withdrawal with every wallet send without exceeding maximum of 4 free withdrawals in the wallet) FREE
dormant ewallet (up to 6 months) FREE
dormant ewallet (after 6 months) FREE

Standard network operator rates apply when using your cellphone.


You have access to ewallet


If you are an FNB client with an active transactional account, you already have access to the ewallet service.


Login to online banking, cellphone banking or visit your nearest ATM and select send money to make use of this safe and convenient way to send money to anyone.


Ewallet


Send money anywhere, any time


The ewallet allows FNB customers to send money to anyone with an active cell number. Money is transferred instantly. Recipients can use the money in the ewallet to buy airtime, send money to other cellphones and more.


How it works


Instantly send money or make payments



  • You can send money to friends and family members or make a payment to anyone simply and hassle free

  • Money can be sent to anyone who has a valid botswana cellphone number and the recipient does not need to have a bank account

  • Any GSM cellphone model can be used to send money or to receive money

  • Money is instantly available in the ewallet

  • Money will be stored in an ewallet. Recipients will be able access the money immediately at an FNB ATM without needing a bank card and without filling in any forms

  • Recipients will get all of the money sent as there are no ATM charges to withdraw money

  • Recipients don't have to withdraw all the money at once

  • Recipients can also check the balance, get a mini statement, buy prepaid airtime, send money on to someone else's cellphone

  • You can send money at any time of the day or night via cellphone banking, FNB online banking, FNB app or at an FNB ATM


What's hot


It's for everyone


Send money to anyone with a valid botswana cellphone number


It's simple


The recipient does not need a bank account or bank card


It's convenient


Money can be sent anytime, anywhere, from the comfort and safety of your own home


It's fast


The money is sent immediately and the recipient can access the funds immediately


It's free of bank charges


Pay no bank charges when you send money via ewallet


Ways to send


Send the way you want to


As an FNB customer you can use one of FNB's convenient digital channels to send money to anyone with a valid cellphone number on any network.


Online banking


View how to send money via online banking


Cellphone banking


View how to send money via cellphone banking


View how to send money via FNB ATM


Ways to use


Withdraw, buy + spend


When you receive an SMS notifying you that money has been sent to your cellphone, you can do the following



  • Send a portion of the money in the ewallet to another ewallet in exactly the same way

  • Withdraw all or some of the money from the ewallet at an FNB ATM without needing a bank card. The rest of the money can be withdrawn at a later stage

  • Buy prepaid airtime from the ewallet

  • Check the ewallet account balance or get a mini statement

  • How to receive money



How to receive money


Turn your phone into a wallet


Once you've received an SMS telling you that you have been sent money



  1. Dial *130*392# to access the ewallet

  2. Set a secret 5-digit PIN for the ewallet

  3. Select 'withdraw cash' and then 'get ATM PIN'

  4. You'll receive an SMS with an ATM PIN

  5. Go to an FNB ATM

  6. At the ATM press the green button (enter/ proceed) and then wallet services

  7. Key in your cellphone number and ATM PIN

  8. Choose the amount of money to withdraw. Make sure that either your transaction has ended or that you press 'cancel' before leaving the ATM



If you have been sent money but you have no airtime , dial *103*392# to buy airtime with the money that has been sent to you. Then dial *130*321# .



Maybank MAE ewallet: how to apply, register & top-up balance?


Here is a step-by-step guide on how to apply, register and top-up balance for maybank MAE e-wallet.


Maybank has just launched its e-wallet service under the name of MAE. While it sounds really cute, MAE actually stands for "maybank anytime, everywhere".


While MAE is open to non-maybank customers, this guide is focused on a step-by-step tutorial for existing maybank customers with savings or current account.


Maybank MAE eWallet


First of all, you need to install or update (to the latest version) the maybank MY from google play or app store. Do take note that you won't be able to activate the e-wallet if you are using the older app version.


Once you have done installing or updating, fire the maybank app and let's roll!


Maybank MAE service is only available from 6am to 11pm daily


Maybank MAE service is only available from 6am to 11pm daily


Rule number one, don't try this during midnight! According to the app, MAE service is only available from 6am to 11pm daily.


How to apply & register for maybank MAE



Select


You have to first tap on the menu icon on the top-left of your maybank app, then select "apply online" from the menu.


Step #2. Select "create MAE ewallet"


Select


From the list of maybank products, select "MAE create my amazing E-wallet" option to proceed, who knows it will be an amazing experience!


Step #3. Maybank MAE introduction


Maybank MAE introduction


A splash screen of maybank MAE introduction will be shown, tap on "experience MAE now" to proceed.


Step #4. Complete the MAE registration form


Complete the MAE registration form


Next, a simple form will be prompted. You just need to fill-up email and state (why?) to register. It is also mentioned here that you are required to top-up a minimum of RM10 to activate your MAE.


Step #5. MAE registration complete


MAE registration complete


After you complete the registration form, a strange screen like above will be shown. There is no success message or button for you to tap.


Don't panic though, you can try to exit or shut down the maybank app, then relaunch the app and login again.


MAE registration success notification


For your peace of mind, you should have received an SMS notification and welcome email like above, to confirm your registration.


How to top-up maybank MAE balance?


Step #1. Go to accounts home screen


Go to Accounts home screen


Go to the "accounts" home screen, MAE is listed as a new account separated from your savings or current account. You can tap on the "M" icon at the bottom-right to proceed.


While it is a good idea to split and cap the expenditure account, you need to get used to your e-wallet getting mixed with the banking accounts in the same app.


Step #2. Select "+ money in"


Select


The user experience is not perfect here, look out for the "+ money in" at the bottom of the screen and tap to top-up your MAE balance.


Tips: don't forget to play the mini-game to win some balance to start with.


Step #3. Select "top-up wallet"


Select


There are 4 options to add fund to your MAE balance:


  • Top up wallet

  • Split bill

  • Request money

  • MY QR


here, we are going to select "top-up wallet" to proceed.


Step #4. Select the account to top-up


Select the account to top-up


If you are an existing maybank customer, you can select any of your savings or current account as the funding source to top-up your e-wallet.


Step #5. Enter top-up amount


Enter top-up amount


Just enter the top-up amount to proceed, we are not sure yet what is the threshold allowed but you can only enter a maximum of RM9,999 here.


Step #6. MAE top-up success


MAE top-up success


This is better than the registration success screen earlier, with a clear message that your top-up has been successful.


Maybank MAE merchants' promotions


Maybank MAE Merchants


So what's next? The first question that springs to most users' mind will be, "show me the discount!"


While there are more than 200K+ merchants accepting maybank qrpay at the moment, you can check out the list of offers available in the promotions page.


Feel free to share your experience using maybank MAE in the comments below.



Maybank MAE ewallet: how to apply, register & top-up balance?


Here is a step-by-step guide on how to apply, register and top-up balance for maybank MAE e-wallet.


Maybank has just launched its e-wallet service under the name of MAE. While it sounds really cute, MAE actually stands for "maybank anytime, everywhere".


While MAE is open to non-maybank customers, this guide is focused on a step-by-step tutorial for existing maybank customers with savings or current account.


Maybank MAE eWallet


First of all, you need to install or update (to the latest version) the maybank MY from google play or app store. Do take note that you won't be able to activate the e-wallet if you are using the older app version.


Once you have done installing or updating, fire the maybank app and let's roll!


Maybank MAE service is only available from 6am to 11pm daily


Maybank MAE service is only available from 6am to 11pm daily


Rule number one, don't try this during midnight! According to the app, MAE service is only available from 6am to 11pm daily.


How to apply & register for maybank MAE



Select


You have to first tap on the menu icon on the top-left of your maybank app, then select "apply online" from the menu.


Step #2. Select "create MAE ewallet"


Select


From the list of maybank products, select "MAE create my amazing E-wallet" option to proceed, who knows it will be an amazing experience!


Step #3. Maybank MAE introduction


Maybank MAE introduction


A splash screen of maybank MAE introduction will be shown, tap on "experience MAE now" to proceed.


Step #4. Complete the MAE registration form


Complete the MAE registration form


Next, a simple form will be prompted. You just need to fill-up email and state (why?) to register. It is also mentioned here that you are required to top-up a minimum of RM10 to activate your MAE.


Step #5. MAE registration complete


MAE registration complete


After you complete the registration form, a strange screen like above will be shown. There is no success message or button for you to tap.


Don't panic though, you can try to exit or shut down the maybank app, then relaunch the app and login again.


MAE registration success notification


For your peace of mind, you should have received an SMS notification and welcome email like above, to confirm your registration.


How to top-up maybank MAE balance?


Step #1. Go to accounts home screen


Go to Accounts home screen


Go to the "accounts" home screen, MAE is listed as a new account separated from your savings or current account. You can tap on the "M" icon at the bottom-right to proceed.


While it is a good idea to split and cap the expenditure account, you need to get used to your e-wallet getting mixed with the banking accounts in the same app.


Step #2. Select "+ money in"


Select


The user experience is not perfect here, look out for the "+ money in" at the bottom of the screen and tap to top-up your MAE balance.


Tips: don't forget to play the mini-game to win some balance to start with.


Step #3. Select "top-up wallet"


Select


There are 4 options to add fund to your MAE balance:


  • Top up wallet

  • Split bill

  • Request money

  • MY QR


here, we are going to select "top-up wallet" to proceed.


Step #4. Select the account to top-up


Select the account to top-up


If you are an existing maybank customer, you can select any of your savings or current account as the funding source to top-up your e-wallet.


Step #5. Enter top-up amount


Enter top-up amount


Just enter the top-up amount to proceed, we are not sure yet what is the threshold allowed but you can only enter a maximum of RM9,999 here.


Step #6. MAE top-up success


MAE top-up success


This is better than the registration success screen earlier, with a clear message that your top-up has been successful.


Maybank MAE merchants' promotions


Maybank MAE Merchants


So what's next? The first question that springs to most users' mind will be, "show me the discount!"


While there are more than 200K+ merchants accepting maybank qrpay at the moment, you can check out the list of offers available in the promotions page.


Feel free to share your experience using maybank MAE in the comments below.



Ewallet, the smart choice for your business.


Sell using your countries currency and cryptocurrency.


Pay in a snap with the easy and elegant interface which gives you an outstanding experience.
Don't believe us? Take a tour on your on and don't miss a perk.


Better for you and your customers


Customer support.

We’re here to help you and your customers with anything, from setting up your business account to seller protection and queries with transactions.


Quicker and simpler access to funds.

Payments you receive go to your ewallet balance in moments, and you can withdraw funds to your bank account.


Sell on your website. With your currency

Accept payments from customers in unlimited currencies or cryptocurencies and build markets without the hassle of accepting foreign cards.


Ewallet will drive your product forward


Present your product, start up, or portfolio in a beautifully modern way. Turn your visitors in to clients.


Responsive design

Ewallet is universal and will look smashing on any device.


User design

Ewallet takes advantage of common design patterns, allowing for a seamless experience for users of all levels.


Clean and re-usable code

Download and re-use the ewallet open source code for any other project you like.


responsive devices


Main features


The best script for building the modern web fintech application.



  • -- bootstrap 4 stable

  • -- E-commerce

  • -- unlimited ( withdrawal / deposit ) methods

  • -- ( send / receive ) money

  • -- ( create / load ) vouchers

  • -- 6 color skins

  • -- currency exchange

  • -- unlimited currencies

  • -- earn by transaction fees

  • -- crossbrowser

  • -- user roles




Register for ewallet


FNB offers a network of branches for all your face to face banking requirements


Postal address
first national bank zambia limited
PO box 36187
lusaka, zambia


Physical address
stand number 22768
acacia office park
cnr thabo mbeki and great east roads
lusaka, zambia


Telephone numbers: +260 211 366 800
fax number: +260 211 253 057 / 250 602
email: fnb@fnbzambia.Co.Zm


Stand number 22768
acacia office park
cnr thabo mbeki and great east roads
lusaka, zambia


Telephone numbers: +260 211 366 800
fax number: +260 211 250 090
branch code: 260001


Society house
first floor, shop number G040
plot 3 & 3a cairo road,
central business district
lusaka, zambia


Telephone numbers: +260 211 366 800
branch code: 260050


Shakes investment limited building
plot number 16808
lumumba road
lusaka, zambia


Telephone numbers: +(260) 211 366 900
fax number: +(260) 211 845 453
branch code: 260002


Plot no. 617
shop number 4 musenga house
kwacha road
PO box 11262
chingola, zambia


Telephone numbers: +260 211 366 800
branch code: 260322


Kaonde house
plot no. 921
independence avenue
solwezi, zambia


Telephone numbers: +260 211 366 800
branch code: 262823


Union house
plot 493/494
zambia way and oxford street
kitwe, zambia


Telephone numbers: +260 211 366 800
fax number: +260 212 657 145
branch code: 260212


Centro mall premier banking


Unit 63 corner bishop & kabulonga roads
centro mall, kabulonga
lusaka, zambia


Telephone numbers: +260 211 366 800
fax number: +260 211 250602


Neighbours city estate
plot number 50
buteko avenue
ndola, zambia


Telephone numbers: +260 211 366 800
fax number: +260 212 610009
branch code: 260103


Plot 7A livingstone road
PO box 670159
mazabuka, zambia


Telephone numbers: +260 211 366 800
fax number: +260 213 239 023
branch code: 263613


Plot 414 independence road
mkushi, zambia


Telephone numbers: +260 211 366 800
branch code: 262319


Plot 9471/2/3, makeni mall
kafue road, lusaka
PO box 38911,
lusaka, zambia


Telephone numbers: +260 211 366 800
fax number: +260 211 369 398
branch code: 260016


Stand no.3539 jacaranda mall
corner of mushili & kabwe road
PO box 73642
ndola, zambia


Telephone numbers: +260 211 366 800
branch code: 260049


PHI shopping mall
plot no. 38147
bennie mwiinga road
lusaka, zambia


Telephone numbers: +260 211 366 800
branch code: 260049


Plot 19222, zone 3 building, manda hill mall
corner great east & manchichi road, lusaka
PO box 36187,
lusaka, zambia


Telephone numbers: +260 211 366 800
fax number: +260 211 366 875
branch code: 260014


Plot no.87A shop no.2
buntungwa street
kabwe, zambia


Telephone numbers: +260 211 366 800
branch code: 260937


Plot no.ME 46
along livingstone
PO. Box 630819
choma, zambia


Telephone numbers: +260 211 366 800
branch code: 261238


Plot no. 646
corner of pererinyatwa road
& umodzi highway
PO. Box 510080
chipata, zambia


Telephone numbers: +260 211 366 800
branch code: 261121


Plot no.4 wada chovu building
zaone avenue, PO box 90953
luanshya, zambia


Telephone numbers: +260 211 366 800
branch code: 260741


Mukuba mall premier branch


Shop no. 43, mukuba mall, 6939
cnr freedom way & chiwala ave
parklands, kitwe


Telephone numbers: +260 211 366 800
branch code: 260243


Budget stores complex
stand no:8,buteko street
town centre, mufulira


Telephone numbers: +260 211 366 800
branch code: 260544


Plot no: 2503 turnpan zambia building
heavy industrial area
off independence avenue
kitwe


Telephone numbers: +260 211 366 800
branch code: 260247


Plot 150/27/4586
chilumbulu road
chilenje


Telephone numbers: +260 211 366 800
branch code: 260046


Spar supermarket
plot 360/S, mosi-O-tunya rd,
livingstone, zambia


Telephone numbers: +260 211 366 800
branch code: 260046


Stand no. 795
kalumbila high street
kalumbila town


Telephone numbers: +260 211 366 800


Find an ATM


Our atms (automated teller machines) are situated within the FNB zambia branches


Stand number 22768
acacia office park
thabo mbeki and great east roads
lusaka
telephone number: +260 211 366 800


Union house
plot 493/494
zambia way & oxford street
kitwe
telephone number: 260 212 657 100


Shakes investment limited building
plot number 16808
lumumba road
lusaka
telephone number: +260 211 366 900


Plot 7A
livingstone road
mazabuka
telephone number: +260 213 239 000


Neighbours city estate
plot number 50
butek
telephone numbers: +260 212 610 006/ 610 007


Makeni mall
plot 9471/2/3
kafue road
lusaka
telephone number: +260 211 369379


Plot 414 independence road
mkushi
telephone numbers: +260 971254871
mobile number: +260 977 995 476


Jacaranda mall
stand no.3539
corner of mushili & kabwe road
ndola
telephone number: +260 212 626 000


Plot 19222, zone 3 building, manda hill mall
corner great east & manchichi road,
lusaka
telephone number: +260 211 366 863


Musenga house
plot no. 617, shop number 4
kwacha road
chingola
telephone number: +260 212657130


Plot no. ME 46
along livingstone road.
Choma
mobile number: +260 969417613


Plot no. 646
corner of pererinyatwa road
& umodzi highway
chipata
telephone number: +260 216222003


Plot no. 921
kaonde house
independence avenue
solwezi
telephone number: +260 212626013


PHI shopping mall
stand 38147
bennie mwiinga road,
lusaka
telephone number: +260 211366919


Plot no. 87A shop no. 2
buntungwa street
kabwe
mobile number: (+260) 965 085 195


Wada chovu building
shop no. 4
along zaone avenue
mobile number: +260 965 841097


Kabulonga shopping mall,
lusaka
zambia


Phase V ATM lobby,
stand number 2374
arcades shopping centre,
great east road.
Lusaka
zambia


Down town shopping mall,
kafue road,
lusaka
zambia


Stand no. 22845, shop no. 28A,
crossroads shopping mall
leopards hill road
lusaka,
zambia


Plot number 3, independence avenue
city centre
kitwe


Stand no. 272
buteko drive
kalulushi


House no. 33 ndola road
fairview
mufulira


Stand no. KWE/71
kwacha east
kitwe


Stand no. 3680
kabala
kitwe


Plot 643 parklands shopping centre
corner kuomboka/freedom way
kitwe.


Inos holding 93
president avenue
town centre
ndola


Plot no. F/31096
chilengwa road
masaiti area
ndola


Plot no. 10709
kabwe road
ndola


Plot 012
corner president avenue & T3 highway
kafubu mall
ndola


Plot lub/3276/1
chibesa kunda road
ndola


Stand no. 437
cairo road
ndola


SGC filling station
ndola


Stand no. CH/108 hard K shopping complex
chifubu market
ndola


Plot no. 1320,
along great north road
mkushi


Farm no. 3168
farm centre
mkushi farm block
mkushi


SGC filling station
independence avenue
mitech area
solwezi


Industrial park
kalumbila mineral areas
kalumbila,
solwezi


Plot no. 53, 14th street
luanshya town centre
luanshya


Plot no. 2057
corner of gizenda road and chindo road
lusaka


Plot no. 9/65/4586
muramba road
chilenje south
lusaka.


At the real meat stand
lusaka


Oryx filling station
chongwe


Kobil filling station ATM


Corner of ben bella & lumumba road,
lusaka


Plot no. 12/70 - 45/86
kasama road
chilenje south
lusaka


Plot no.5065
mungwi road
lusaka.


Shop no. 18B
manda hill shopping mall
manchinchi road
lusaka


Odys filling station ATM


Plot no. 298
lumumba road
matero
lusaka


Radian stores
along chinika road
lusaka


Shop no. 465
maunda road
kabwata main market
lusaka


Vuma filling station ATM


Plot no. 6076
kafue road
lusaka


Engen filling station ATM


Engen filling station
los angeles road
long acres
lusaka


University of zambia main campus
lusaka


Plot no. 609
foxdale court
zambezi road
lusaka


Plot no. 8674, shop no.1A
corner jambo/almalik drive
riverside
kitwe


36 kabengele avenue
kitwe


Stand no. 100
katilungu road, chimwemwe
kitwe


Plot no. 396A
starbuck food centre
midway road, kamenza
chililabombwe


Konkola hypermarket limited,
mazabuka


Mazabuka sugar farms ATM


Edwina ceri coventry, 52690
lubombo
mazabuka


Intercity bus terminus
lusaka


Shop no. 43, mukuba mall, 6939
cnr freedom way & chiwala ave
parklands, kitwe


Budget stores complex
stand no:8,buteko street
town centre, mufulira


Plot no: 2503 turnpan zambia building
heavy industrial area
off independence avenue
kitwe


Plot 150/27/4586
chilumbulu road
chilenje
mobile: 0964-619518


Spar supermarket
plot 360/S, mosi-O-tunya rd,
livingstone, zambia
telephone numbers: +260 211 366 800



Ewallet | everything you should know about prepaid wallets


It’s the new age of the digital world and ewallet is in the spotlight. With the development of technology and demonetization of higher currencies in the country, electronic and in-app wallets have emerged as an alternate payment option to cash. But the companies have all the plans to remove the prefix alternate and increase their market share substantially.


What is an ewallet?


Ewallet is an online prepaid account used to store money and transact online and offline through a computer or a smartphone whenever required. It is a pre-equipped electronic wallet which, just like a real wallet, is used by the customers to transact immediately (and securely). Unlike bank accounts, ewallets are considered to be a fast mode of digital transactions.


ewallet


Types of ewallet in the market


Mobile wallets are used for numerous transactions, be it shopping (online and offline), payment of goods and services (including financial services) or transactions through ATM. However, the scope of their usage depends on the wallet type.


Electronic wallets doesn’t (usually) pay interest to the users. But they do to the companies operating them. It all depends on the type of wallet. According to the reserve bank of india (RBI), there are three kinds of wallets prevalent in the indian market:


types of e-wallets


Closed wallet


Companies like flipkart.Com, makemytrip.Com, bookmyshow.Com etc. Issue closed wallets to their consumers. The money stored in these wallets can only be used to transact with the companies who have issues such wallets. Closed wallets are online accounts where money gets credited in case of a refund due to cancellation or return of a product or service. Some companies even earn interests on these deposits.


bookmyshow closed wallet


Semi-closed wallet


Semi-closed wallets are the payment wallets prevalent in the system. Wallets like paytm wallet, freecharge wallet, citrus, oxygen, etc. Are labelled as semi-closed wallets. An RBI approval is required to start and operate a semi-closed wallet. These wallets can be used to transact online and offline which include buying goods and services, financial services, payment of fees, premiums, etc. Through/to merchants which have a specific contract with the issuer to accept the payment instruments.


Since these wallets are handled by non-banking agencies (banks and non-banking financial agencies cannot issue semi-closed wallets), they are required to deposit this money in an escrow account with a partner bank. Interest on these deposits depends on the agreement between the payment company and the bank.


paytm ewallet


Semi-closed wallets in india


Paytm wallet

Launched in 2010, paytm is india’s largest mobile commerce platform. Paytm wallet, because of its amazing marketing and operation strategies, has been able to capture maximum market share of this industry. Its investors include ant financial (alipay), SAIF partners, sapphire venture and silicon valley bank. The wallet can be used to send money directly to bank accounts as well.


Paytm is the first company in india to receive a license from the RBI to start a payments bank.


Freecharge wallet

Owned by snapdeal, freecharge is an e-commerce website just like paytm which also offers an online wallet features to its users. Freecharge wallet positions itself as the fastest e-wallet in india where one can even transfer money through whatsapp.


Mobikwik wallet

Started in 2009, mobikwik currently is among the top ewallet service providers in india. Mobikwik offers various features to its users. Users can add money using debit, credit card, net banking and even doorstep cash collection service and make payments for products and services in one click via the mobile app, web site, SMS, or by dialling a number.


Oxigen wallet

Oxigen, in the market since 2004, has a very distinctive USP where it has partnered with VISA and issued a virtual prepaid VISA feature which lets users pay online with oxigen wallet anywhere they see a VISA logo.


Airtel money

Telecommunications giant airtel, in collaboration with infosys and smarttrust (now giesecke & devrient), offers an ewallet service – airtel money. Airtel money has far better features if compared to any other semi-closed ewallet.



  • No need of a bank account

  • Internet isn’t necessary

  • A smartphone isn’t required to register for airtel money

  • Users get interest on their deposit (4%).



However it has loads of limitations which resist users from using it as a primary their primary ewallet.



  • Airtel money isn’t a free ewallet.

  • Big amount cannot be transferred.

  • Not supported by some handsets.

  • Users must use airtel money at least once in six months or they’ll lose their balance.



However, airtel is the first company to actually launch a payments bank in india which can be operated with airtel money application.


Other semi-closed ewallets

Open wallet


Open wallets can only be issued by banks or in partnerships with banks. These wallets can be used to perform all the transactions of semi-closed wallets plus withdraw cash at atms or banks and transfer funds. M-pesa by vodafone and ICICI bank, pay zapp by HDFC bank, etc. Are few open wallets in india.


Difference between an ewallet and a digital wallet


Masterpass by citibank isn’t the same as paytm wallet. The term digital wallet cannot be used interchangeably with the term ewallet/prepaid wallet.


Digital wallets save users’ cards for easy future transactions. They are required to save and validate their card details in the digital wallet only once. Once registered, they just have to remember the digital wallet username and password and can use their saved cards from the digital wallets itself. That is, digital wallets save users card details for faster and easier transactions.


E-wallets or prepaid wallets require money to be loaded in them prior to any transaction (online or offline). E-wallets like paytm, mobikwik, etc. Can make you go cardless only if you load money to their wallets.


how to use an ewallet


Ewallets have revolutionized the market habits. Transactions are becoming more digital with more people adopting to ewallets because of their ease and pace of operation.


Future of ewallets


Leather wallets are no more a fashion trend. It’s the E-wallet which has taken the spotlight. While online and mobile banking has been around for a long time, E-wallets have made it even easier and faster to transact online and offline. The mobile wallet transactions are estimated to leapfrog from rs. 5,500 crore in 2015-16 to rs. 30,000 crore in 2022 with a 9.5% month-on-month growth rate.


ewallet growth in india


E-wallets have surely revolutionized the market but there’s one step that can be (and has been) eliminated – loading money to the wallets. Many new applications (like phone pe) has been released which let users transact using their bank account balance directly. Hence, wallet service providers, to stay in the market for long, has to keep innovating and changing their business model. Payments banks have already emerged in the market and will lead e-wallets soon.


Go on, tell us what you think!


Did we miss something? Come on! Tell us what you think of our article on ewallet in the comments section.


A startup consultant, dreamer, traveller, and philomath. Aashish has worked with over a 100 startups and successfully helped them ideate, raise money, and succeed. When not working, he can be found hiking, camping, and stargazing.



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Browse through our frequently asked questions or search for your specific concern


What is KYC?


KYC, or Know Your Customer, is a banking standard where you need to provide your personal details with evidence of their accuracy for proper verification.


What is the difference between digital and physical KYC?



  • Digital KYC: this allows you to digitally upload your details from the comfort of your home without physical verification. In this status, you will have some limitations in the use of your account. This status is for a limited period of time only and you will be required to physically verify yourself as advised by the system.

  • Physical KYC: you attain this status only after physical verification, or if you directly register via an agent. This status gives you a full account benefits without any limitations



How do I upgrade to physical KYC?


Simply visit an ewallet registration agent to present your EID into the reader and validate with your fingerprint on the scanner. To find your nearest agent, click here.


What is a PIN?


The PIN, or private identification number, is a four-digit security code that will be used to verify your identity whenever you interact with ewallet or make a transaction. You will have to define this PIN during the registration process.


Do I need a bank account to use ewallet?


No, ewallet primarily uses a digital wallet for transactions and does not need a bank account. All you need to do is download the app and register.


Is there a minimum balance for ewallet?


No, with ewallet you have access to all your funds without any obligation to maintain a minimum balance and with no low balance charges.





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