Many developing nations are encouraging the use of digital wallets to help users effortlessly send money to friends and family, make purchases, pay utility bills, and perform other financial transactions.
An e-wallet is a digital payment platform that allows users to make payments instantly and securely. Banks and other financial institutions promote using a wallet app for better service delivery. Since the introduction of e-wallets, active financial services application users have extensively used digital wallets, commonly referred to as e-wallets or wallets. This increasing popularity can be due to numerous reasons:
- Easier transactions in a matter of seconds
- Elimination of the need to carry cash or a physical wallet
- Multiple discounts offered
- Lack of heavy time-consuming documentation to set up the wallet
This blog will walk you through the procedure to setup your Bajaj Pay Wallet in just a few easy steps. In addition, you will learn more about the uses and importance of the wallet app.
How to set up your Bajaj Pay Wallet?
Setting up a Bajaj Pay Wallet is a relatively simple and quick process. To start, search for the Bajaj Finserv application on your Android or iOS mobile and download the application.
Once the downloading is complete, carefully follow these instructions:
- The first and foremost step is to create the Bajaj Pay Wallet by clicking on the ‘WALLET’ icon from the app
- After this, you need to proceed to the ‘CASHBACK’ option under the ‘REWARD’ section, followed by the ‘SETUP WALLET’ section
- Next, you are required to fill out the self-declaration section by adding in personal details like your name, date of birth and ID proof
- Also, complete the KYC process to set up the e-wallet
Now, you can effortlessly add money to your wallet and use it to make payments.
Significance of a wallet app
An e-wallet reduces the need to carry a cash-loaded wallet by allowing you to store all your payment information conveniently. Below mentioned are some of the reasons why you should start using an e-wallet for your transactions:
- Quick and secure
You don't need to enter your payment information each time you make a transaction because payments are made quickly and securely here. - Scan and pay
You can make instant transactions by scanning one of the available QR codes. Here, all you have to do is start the recipient’s QR code and pay the money. - Cashback offers and discounts
Once you set up your Bajaj Pay Wallet and continue to conduct transactions, you will earn appealing rewards and cashback. - Uses of the wallet app
You can quickly pay your bills with the Bajaj Finserv app from the comfort of your home or office. This way, you will not miss any payment despite your busy schedule.
Among the various uses, the following are some of the most common wallet use cases:
- Recharge services like FASTag, DTH, and OTT subscriptions are also available.
- Tax-related financial services include loan repayment, insurance, and credit card bills.
- Utilities and bills include electricity, mobile recharge, gas, landlines, schools, etc.
Get started with the Bajaj Pay Wallet
Adding money to your e-wallet and making prompt payments without having to enter your payment information each time is possible with the Bajaj Pay Wallet.
The largest non-banking financial institution in India, Bajaj Finserv, serves more than 50 million consumers nationwide. Download the Bajaj Finserv app and set up your Bajaj Finserv wallet today to explore the suggested options and uncover new prospects.
