Mobile Apps For Online Payments in India
Mobile Apps For Online Payments in India, Hello & welcome guys today in this post we will talk about the top 5 payments apps in India. Online bill payment or online money transfer experienced considerable growth in India in terms of volume and transactions.
Unified Payments Interface is the new direct bank transfer payment system by the National Payments Corporation of India, Which allows transferring of funds to bank accounts on a mobile platform. Some of the most popular UPI mobile Apps in India are listed below.
As shopping patterns continue to evolve thanks to Covid 19, even mobile and digital wallets in India small-time have evolved with it. With UPI making payments seamless, mobile wallets and digital payment apps have been surpassing credit card usage and are slowly beginning to replace the traditional payment methods.
PayTM is one of the largest mobile commerce platforms and one of the top online payments apps in India, offering its customers a digital wallet to store money and make quick payments. Launched in 2010, this e-wallet app works on a semi-closed model and has a mobile market, where a customer can load money and make payments to merchants who have operational tie-ups with the company.
It was originally the No.1 digital wallet in India before UPI being introduced. Apart from making e-commerce transactions, this e-wallet app can also be used to make bill payments, transfer money, and avail services from merchants from the travel, entertainment, and retail industry. They also have UPI-enabled payments now.
Downloads: 100 Million (or 10 crores) on Android Play Store.
2. Google Pay
Google Play, formerly known as Tez App, stands as the biggest and best app in our list of best UPI apps in India. This app has accumulated a huge customer base in India within a small time frame. And obviously, having a big brand name of ‘Google’ has helped this app to build trust among the new and existing customers.
As of November 2020, Google pay has 960.02 million transactions in volume with Rs 1,61,418.19 Cr in transaction value. Using Google Pay, users can send money to friends, pay their bills, shop online, recharge, or pay at the nearby café, etc. through secure payment by Google.
Downlaod: 100,000,000+ (100 Million or 10 crore) on Android Play Store.
3. Phone Pe
PhonePe is one of the mobile payment platforms which can be used to transfer money via UPI, pay utility bills, groceries, recharge mobiles, DTH services, and so on. The app works on the Unified Payment Interface system and the user has to provide bank account details and should create a UPI ID. Mobile Apps For Online Payments in India
The app can be downloaded on both Apple and Android-based phones. The user need not have to recharge the wallet, as the money will be directly debited from the user’s respective bank account just at the click of the button securely and safely.
Downloads: 100,000,000+ (100 Million or 10 crore) on Android Play Store.
MobiKwik is an independent mobile payment network that supposedly connects 25 million users with 50,000 retailers and more. This e-wallet app lets its users add money using debit, credit card, net banking and even doorstep cash collection service, which can, in turn, be used to recharge, pay utility bills and shop at marketplaces.
Owing to the growing need for convenience, MobiKwik has also recently tied up with large and small-time grocery, restaurants, and other offline merchants. Another unique feature they have is their expense tracker which allows setting a budget for your expenses across all payment instruments and it uses your SMS data to analyze and control spends.
Mobikwik was launched in 2009 with its key proposition in Recharge and Bill payments. It’s one of the independent mobile payment networks that has a user base of 32 million. This e-wallet lets its users add money using debit cards, credit cards, net banking, and even doorstep cash services.
Downlaod: 10,000,000+ (10 Million or 1 crore) on Android Play Store.
5. Bhim UPI
Bharat Interface for Money (BHIM) is a UPI-based instant digital payment system available for your mobile phone developed by the National Payments Corporation of India (NPCI). Mobile Apps For Online Payments in India
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing & merchant payments into one hood. … With the above context in mind, NPCI conducted a pilot launch with 21 member banks.
Download: 50,000,000+ ( 5 million ) on Android Play Store.
FAQ (Frequently Asked Questions)
Q 1. Which is the best mobile payment app?
Google Pay through the integration of the Google Payment API that enables an effortless checkout experience by allowing customers to pay with any credit or debit cards stored in their Google accounts. Customers enjoy seamless online checkouts in Android apps or on Chrome with a mobile device.
Q 2. Which is the safest wallet in India?
PhonePe was launched in 2015 which is now a part of Flipkart. From UPI Payments to mobile recharges, money transfers to online bill payments, this can be done easily on PhonePe. With a good user interface, it has offered the safest and fastest online transaction experience in India.
Q 3. Which is safe Google Pay or PhonePe?
PhonePe has surpassed Google Pay for the third consecutive month to dominate the Unified Payments Interface (UPI) market. The latest data from the National Payments Corporation of India (NPCI) for the month of December is out, and PhonePe has a good lead over Google Pay which was second on the list.
Q 4. Which UPI app is safest?
As Bhim UPI is a government-backed app, it is considered a more secure and most reliable cashless payment option. There is a three-fold security system in the app which requires- device ID or mobile number, the bank account linked to this app, and a third the UPI Pin to complete the transaction.
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