How to use Digital Wallets and Payment Apps to Save Money in 2022?

Today, cashless payments are on a boom due to many advantages. These include discounts, cashbacks, convenience, simplicity, fast paced, and more. There are many digital wallets and payment apps which can be used for all such benefits in this New Year 2022. They will help you save more on your shopping, bills, groceries, entertainment, and much more.

You can earn cashback while doing mobile recharge via wallets. They include all the operators. Popular ones are Jio, Vodafone, Airtel, and Idea. Some wallets will require you to apply a coupon code while others will automatically apply the offer. For instance, Amazon Pay will automatically show an offer if it is applicable for your recharge.

While paying bills online via wallets, you have a chance to earn cashback. Many wallets offer good cashbacks on electricity, gas, DTH, broadband, landline, and more utility bill payments. For example, PayZapp offers 5% cashback on electricity bill payments every month.

Mobile Wallets have tie-ups with many online merchants so you get good discounts and cashback by paying via them. Some of the popular merchants are Amazon, Dominos, Swiggy, Medlife, OYO, BookMyShow, and Big Basket. You simply need to visit the merchant, fill your cart, apply a coupon(if required), and pay via wallet. Recently, Paytm & PhonePe have got some merchant apps in-built so you can shop in the app itself and earn your reward. Most of the wallets will give your reward instantly, others may take some time, but you will definitely receive it. Some of the popular online shopping categories include food, entertainment, health & fitness, and travel.

When you send money to friends, pay at a physical store, or pay on an online merchant’s site or app via UPI, you can earn cashback in your wallet. Mostly all wallets support UPI payments. Since UPI is a newly added feature, online wallets want more users to use it and thus are giving awesome rewards on UPI payments. Amazon Pay is the most rewarding one currently because everytime you UPI transfer to someone, you get guaranteed cashback, but the amount of cashback is low.

You can use your wallet for travel payments to earn good discount rewards. Travel includes bus, train, and flight tickets along with cab, bike, and hotel bookings. Popular online travel merchants are Ola, Uber, MakeMyTrip, Goibibo, IRCTC, and RedBus. Paytm has got good offers on flight booking whereas Mobikwik saves you more on bus bookings. Therefore, for different travel mediums you can try different apps for better savings.

Online wallets help you in tracking your expenses. At the end of the year, you will be able to know about your spendings on grocery, movies, shopping, utility bills, mobile recharge, etc. Therefore, you will have a clear view of your spendings and savings. For instance, Paytm allows you to download your yearly statement in which spending and saving(cashback) is summarized.

There are many wallets offering add money promo codes which give you cashback on adding money in your wallet. I recently experienced this with Paytm, where I received 25 Rs cashback on adding 1000 Rs in Paytm wallet. I got this ‘add money’ voucher in the ‘Cashback and Offers’ section of the Paytm app.

Online wallets run a “Refer & Earn” loyalty program where the referee can earn anywhere between Rs 25-100 for each referral, but you need to make sure to follow the rules strictly to be rewarded. For instance, PayZapp offers 25 Rs/referral, Amazon Pay offers 31 Rs/referral, and Google Pay stands tall at 51 Rs/referral.

Buying Google Play recharge codes via wallets is rewarding. You get good cashback offers on them via PhonePe, Google Pay and Freecharge wallets. Currently, Google Pay is giving upto Rs 600 on buying 2 recharge codes. With Google Play balance, you can buy paid apps, movies, games, and more.

Keep a check on the wallets at regular intervals because they can come up with new deals anytime. Make sure to grab the deals on time because they come with an expiry date.

There are many wallet coupons and deals available, but it's tough to get access to all of them. That’s when DesiDime comes to the rescue. The huge DesiDime community shares coupons and deals on the portal whenever they come across any. The DD team then verifies their authenticity so that you just need to apply them and enjoy savings. Therefore, you get access to all the wallet deals and coupons at one place.

Do You Believe in Saving via Digital Wallets and Payment Apps? Do share your views via the comments box below. You can also checkout Top 10 Saving Habits that can make you a Smart Shopper and help achieve your Savings Resolution in 2022.