Online payments have taken over the hard cash. Digital revolution has gripped India, and more and more service providers are thronging to this medium. The banking industry is at the forefront, and Unified Payment Interface (UPI) is one such payment transfer mode widely used by smartphone users. It is also backed by the Indian government and Reserve Bank of India (RBI).
What is UPI?
It is a fund transfer system that is used via the banks' mobile app. One of biggest advantages of this method is that you need not add your bank details. This way your financial data is safe and secure. All you require is the virtual payment address (VPA) that is similar to an email address. Other commonly accepted fund transfer mediums are NEFT, RTGS and IMPS. However, UPI stands out for its instant transfer of money.
Following are the best UPI payment apps used in India extensively:
1) Axis Pay: It has the cleanest interface amongst all the UPI apps. There are only two options you can find on the home screen of the app: one for sending and other for requesting money. Other options can be accessed by swiping left. You can secure the app with a 6-digit unique code. The Axis Pay provides a seamless experience which makes it user-friendly. Unlike other apps, you need to add the contact of the payee in the app for sending money. Moreover, Axis Pay also gives you the option of QR code.
2) SBI Pay: The app is easy to use and boasts of the simplest interface. The transaction can be done in merely 3-4 steps which makes it user-friendly as well. The main options of the app are available on the screen, and a single swipe to the left can help you access the other options. It carries all critical UPI services in it such as send and request money, balance inquiry, set/change UPI PIN, etc.
3) PhonePe App: The app is a UPI cum mobile wallet. It comprises of all UPI as well as digital app features. PhonePe is one of the nicest looking apps concerning interface. It also contains all the must-have features with additional options such as recharging and paying utility, phone bills, etc. It is also compatible on slow-speed data. Also, the app is available in the following languages like Hindi, Marathi, Bengali, English, etc.
4) HDFC Bank BHIM/UPI: Now transferring funds has become faster and hassle-free. With the help of your unique BHIM/UPI ID, you can transact through your mobile banking app. All you need to do is log in to your HDFC banking app, enter your customer ID and password, click on Account option and create a BHIM/UPI ID such as mobilenumber@hdfcbank, etc. You can transfer fund via your banking app by adding the BHIM/UPI details of the beneficiary, the amount and description. Plus, it has the smoothest interface.
5) Google Tez App: Although a late entrant, it made early inroads among the mass. The USP of the app is the Reward program. The interface is simple and is powered by Google with 4 stars. It also has a ‘Cash Mode’ feature. Through this factor, you can transfer money quickly to a person near you as it requires no details of the payee.
The above-mentioned UPI payment app are best used at the time of emergencies, especially for uncalled medical expenses.
What is UPI?
It is a fund transfer system that is used via the banks' mobile app. One of biggest advantages of this method is that you need not add your bank details. This way your financial data is safe and secure. All you require is the virtual payment address (VPA) that is similar to an email address. Other commonly accepted fund transfer mediums are NEFT, RTGS and IMPS. However, UPI stands out for its instant transfer of money.
Following are the best UPI payment apps used in India extensively:
1) Axis Pay: It has the cleanest interface amongst all the UPI apps. There are only two options you can find on the home screen of the app: one for sending and other for requesting money. Other options can be accessed by swiping left. You can secure the app with a 6-digit unique code. The Axis Pay provides a seamless experience which makes it user-friendly. Unlike other apps, you need to add the contact of the payee in the app for sending money. Moreover, Axis Pay also gives you the option of QR code.
2) SBI Pay: The app is easy to use and boasts of the simplest interface. The transaction can be done in merely 3-4 steps which makes it user-friendly as well. The main options of the app are available on the screen, and a single swipe to the left can help you access the other options. It carries all critical UPI services in it such as send and request money, balance inquiry, set/change UPI PIN, etc.
3) PhonePe App: The app is a UPI cum mobile wallet. It comprises of all UPI as well as digital app features. PhonePe is one of the nicest looking apps concerning interface. It also contains all the must-have features with additional options such as recharging and paying utility, phone bills, etc. It is also compatible on slow-speed data. Also, the app is available in the following languages like Hindi, Marathi, Bengali, English, etc.
4) HDFC Bank BHIM/UPI: Now transferring funds has become faster and hassle-free. With the help of your unique BHIM/UPI ID, you can transact through your mobile banking app. All you need to do is log in to your HDFC banking app, enter your customer ID and password, click on Account option and create a BHIM/UPI ID such as mobilenumber@hdfcbank, etc. You can transfer fund via your banking app by adding the BHIM/UPI details of the beneficiary, the amount and description. Plus, it has the smoothest interface.
5) Google Tez App: Although a late entrant, it made early inroads among the mass. The USP of the app is the Reward program. The interface is simple and is powered by Google with 4 stars. It also has a ‘Cash Mode’ feature. Through this factor, you can transfer money quickly to a person near you as it requires no details of the payee.
The above-mentioned UPI payment app are best used at the time of emergencies, especially for uncalled medical expenses.
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