Same as online shopping online payments are also getting very popular. Digital India is widely supported by people these days and many companies are coming forward with their apps for transition and easy interchange of money.
We have talked about best payment apps in India so that you can choose best for you secure payments.
Unlike credit and debit cards UPI payments do not need ant hard cards all you need is your mobile phone. That also prevents losing of money and you can easily keep record of money send or receive. Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile app.
online payment were declared as the best mode of payments in the COVID period as it provides transfer of payments without contact. You can register yourself in multiple online payment apps and add you bank to accept and rotate payments. There are a lot of apps in market nowadays, I here mention the 6 best online payment app in India of 2020:
Best Payment Apps In India
Google pay is development of google and is rated as the no.1 finance app to make upi transfers or bill payments directly with your bank account. This app does not have any wallet system, you can directly do transactions using your account. Google pay is super simple and very secure. It works with all the banks.
And is convenient for all type of bill payments, money transfer, money receive. You can check your account balance also. You can earn good rewards. It is very fast. You can book online tickets or buy stuff. This app is rated the best app for online payments and is rated 4.7stars.
After google pay phonepe is on no.2 position for best only payments app. It was earlier a part of Flipkart. It uses the UPI Payment system for sending money and making payments for various services.
It gives you the facility of the wallet as well. You can keep money in the PhonePe Wallet for faster transactions. flipkats is now a unit of Walmart.it is safe, easy and reliable way of making transactions. You can send and receive money as well as you can pay bill, make recharges, book online travels etc using your account, debit/credit cards just at a click.
You can check your account balance, save beneficiaries and manage multiple accounts. It supports all Bank. you can buy insurance. It works on android as well as iOS devices. If you want to submit a complaint or dispute, you can do so on PhonePe very easily.
The app has incorporated the grievance along with the payments. The reversal of failed transactions is also very quick. The users of this app complain the least.
Paytm is the most popular digital wallet and UPI app in India and is accepted by the greatest number of merchants. It has the highest number of features. It holds no.3 position in the finance apps. with wallet service it also provides payments bank service.
Paytm Payments Bank allows you to score interest on the money you have kept in your wallet. Paytm Post-paid is another feature added recently which functions similar to credit cards. Users can buy things and pay later for them just like credit cards. Paytm is the most trusted and widely used online payments application. It has a lot of features.
It also gives special services for the merchants. You can pay utility bill make account on Paytm saving account service. You can buy stuff from Paytm mall and pay. You can buy movie tickets. Event tickets etc and pay mobile bills check credit score make safe, secure and contactless payments.
You can make fund transfers, recharge mobile, pay bills and invest as well. It is an Indian payments app which is popular and easy to use. You can link your account via UPI or use credit at 0 percent interest for making payments. It is like an online credit card. It gives you a credit limit of about 50000 depending on your credit line.
You can use and later pay as in a credit card. You can use mobikwik for money transfer, bills, dth payments, online transactions etc. It gives money at the rate of 16%p.a. MobiKwik allows you to recharge as well as set Auto Recharge for similar recharges in the future. This is very useful and reduces the hassle of mobile recharge.
Amazon Pay is an online payment processing service that is owned by Amazon. It is also a top online payment app in India and the global market. Launched in 2007 globally and India in 2017, Amazon Pay uses the consumer base of Amazon and focuses on giving users the option to pay with their Amazon accounts on external merchant websites, including apps like Big Bazaar etc.
You also get to shop on Amazon using Amazon Pay. Amazon Pay has also tied up with fintech companies such as Zest Money to enable no-cost EMI payment options on its platform. This makes it easy for consumers to purchase products on Amazon and pay for it through affordable monthly instalments.
BHIM or bharat interface for money is an upi enabled to facilitate safe, easy and instant digital payments though mobile. It is an Indian mobile payment app developed by national payments corporation of India.
It is named after Dr.B.R. Ambedkar and was launched on dec,2016 and since then is a bang. It imitates to facilitate online payments directly through banks. It does not have a wallet system.it is available in various languages and is available for all operating systems. It allows to send, receive UPI, non-upi or account payments. It attached the Aadhar to your account for safety.it max limit of transaction is 20000 and 40000 per day.
Online payments are getting very famous and is safe. It drives us toward cashless and contactless payment method. So, it round ups the list of best online payment apps in India. I would highly recommend using Paytm for bill payments and recharges as it is fast and for daily transitions all mentioned app are good. Online mode of payments also reduced the chances of theft or misplacing of money. And fulfils the motive of digital India.
Hope you find the article useful and find the Best Payment Apps In India for you.