Refactors payment method selection

[mano-ranjan]

🚀 Summary

Refactors payment method selection and add empty state to SelectPayMethodModal

🧩 Related Issues / Tasks

NA

🛠️ Type of Change

• 🐞 Bug fix
• ✨ New feature
• 🧨 Breaking change
• 🔨 Enhancement/Refactor
• 📝 Documentation
• 📜 Other (please describe):

✅ Checklist

• The code is formatted with Prettier (npm run format or npx prettier --write .)
• PR references a linked Issue or Task number
• Tested on both iOS and Android devices/emulators
• No unnecessary logs or commented-out code
• UI changes, if any, have been reviewed visually
• All tests are passing (if applicable)
• Added or updated documentation where necessary

🧪 Test Plan

NA