Digital Wallets & UPI Payment App in India: The world has become digital, with it it is becoming even smarter. In today’s date, you can transfer money online from your mobile to any other person sitting in any other corner of the world, that too very easily by using these Best 7 Digital Wallets.
In India, it has seen a lot of momentum in the last few years because when the demonetization took place, the main objective of the government was to make the country’s economy cashless by increasing online payment. This really happened and people also liked it a lot, with which a new way of the transaction came into being.
After this, many big companies and especially startups started making new apps for online payment and their number kept increasing. Due to which people are unable to understand which app is good and which is not and which online money transfer app should we use.
Best 7 Digital Wallets & UPI Payment App For India
So in this article, we will talk about which are the best money transfer apps that you can use, and with that, you can save money. Before ranking apps, it is important to know what are the basic features in a better money transfer application –
When Demonetization happened, the government launched BHIM UPI App on 30 December 2016 to promote Cashless Economy. Its full name is Bharat Interface for Money, which is India’s first UPI app, with the help of this, you can make money transactions directly from one bank to another. Along with this, according to the government, BHIM App is the most used in India because –
Being a UPI, it provides services 24 hours a day, 7 days a week, and 365 days a year.
You can use it to send money to an account, receive it, Mobile Recharge & DTH Recharge, etc.
BHIM Bikul is Secure on Simple, it is linked to your Aadhaar card and it works in all banks.
With this, you can easily check Bank Balance, see many things like Statement and Transactions History, etc.
You can transact up to Rs 20,000 at a time and the daily limit of this is Rs 40,000.
Who does not know this? Today Paytm is the most popular online money transfer app in the country. Which was launched by its Vijay Shekhar Sharma in 2010, which has more than 1.5 crore downloads. Paytm’s full form is “Pay Through Mobile”, currently the easiest and safest way to make Paytm Online Payment is through it –
You can do Bill Payment, Online Shopping, Mobile & DTH Recharge, Money Transfer and Receive. Paytm being a UPI app allows you to conduct transactions from one bank to another at any time.
In this, you can make real-time payment in it, ie, it becomes transactional hand in hand.
It is fast and safe, along with it, there are many offers in it, in which you get up to 100% cashback.
It is accepted everywhere because in it every person gets a unique QR Code, which you can pay to that person by scanning.
PhonePe which is a product of Flipkart was launched in 2015. It is also a UPI Payment app which you can use like other payment apps, along it supports Bank To Bank Transaction. You get many benefits in this –
There is a daily transaction limit of 1 lakh and up to 30 lakh of the month.
It does transactions directly with your Bank Account, for which only the mobile number is required.
You get more attractive offers than any other app, from which you can get cashback.
Being a UPI provides you service all the time. And
Being popular, it is accepted almost everywhere.
There is a payment app developed by Google which was previously Google Tez but was later modified and launched on September 19, 2017, and kept as Google Pay. This is a UPI (Unified Payments Interface) Payment app just like PhonePe, BHIM, Paytm, use it –
You can send money to or receive your contacts from them.
You can make an online payment or recharge.
You can transact from one bank to another.
It is easy and fast, with it being the product of Google, it is also as much security.
In this, you can be registered with only a mobile number without Aadhaar Card or ID Proof.
Apart from this, it is popular for its Rewards system.
You can do a maximum of Rs 1 lakh and a maximum of 10 transactions a day.
# 5 PayPal
PayPal is the world’s best online payment company, it is an American company, which was established in 1998. If you want to send or receive money from someone outside India, then PayPal is a good option for you.
To create an account in PayPal, you will need your PAN Card, Email ID. With this, you can do transactions anywhere in your world from your bank account, it is very simple and safe. It gives you 100% security in payment as well as offers you good offers and coupons, currently, PayPal’s Transaction limits have been reduced to $ 10,000 at a time.
# 6 JIO Money
JIO Money By Reliance is an online payment app developed by Jio which was launched in April 2018. It provides the facility of making mobile payments, making online payments, sending or receiving money. In addition, it gives you better facilities, discounts, offers, and coupons. Also, cashback and more data are available on Jio Money by recharging from Jio Money, you can also use Bank to Bank Transactions. Currently, it has more than 1 million downloads in the Google Play Store.
# 7 Mobikwik
Mobikwik is a Mobile Phone-Based Payment System and Digital Wallet. Which started in April 2009, Mobikwik is a secure e-wallet app. You can do online Bills Payment, Mobile / DTH Recharge, EMI Payments, and other online transactions by using it. Mobikwik app is not UPI, due to which it has to transfer money first, after that it is paid online, it is completely safe for you.
Mobikwik has more hold in the market because it has partnered with more and more merchants, in which you keep getting very good offers and cashback.
These are the Best 7 Digital Wallets & UPI Payment App. NOTE- If you have proper knowledge about these apps then use them. I hope you like this article, Don’t forget to share it with your friends on social media. Thank you, Jai Hind.