Using money transfer apps has become second nature for mobile users. With the increase in digital connectivity and online transactions, using a mobile money transfer app to make payments and transfer money to people is becoming widely accepted. There are a number of apps that have popped up to help people transfer money. But not all apps are created equal. Some mobile money transfer apps are much ahead when it comes to ease of use, safety, and consumer experience.
These are the 5 best money transfer apps:
1. BHIM UPI:
The Unified Payments Interface or UPI created ripples in the money transfer apps environment because of the ease and convenience. Sharing private bank account details is no more a necessity, because with UPI, it is possible to transfer money to anyone with a UPI ID. Each transaction is validated with a security code that the user decides. Several private and public sector banks have their own apps tied up with UPI to allow seamless transfer of money from one account to the other. BHIM is one of the best UPI apps because of its simple interface, bill payment and money transfer options.
2. HDFC’s PayZapp:
This is one of the best mobile money transfer apps offered by a bank. It allows bill payments to multiple vendors, both online and offline. It is possible to pay vendors by scanning a QR code. The app allows for mobile money transfer using just the mobile number. This makes it very easy to send money. The app has an inbuilt feature of online bill payments such as DTH, mobile recharge etc. It is possible to shop online, order food and groceries through the app as well.
3. PayTM:
PayTM is the biggest mobile wallet player in India. From transferring payments to other wallets to converting itself into a while online payment ecosystem, PayTM has come a long way. It is possible to shop on PayTM, pay bills, order food, book travel tickets. Payments are possible through a mobile number or via scanning the QR code.
4. PhonePe:
PhonePe is one of the biggest UPI apps in the country. It has integrated itself with many online vendors making it simple to process payments through this platform. You can link multiple bank accounts on PhonePe which makes it easier to send and receive multiple payments. The interface is one of the friendliest among mobile money transfer apps.
5. Mobikwik:
Mobikwik has a strong and clean interface. It is the second largest wallet player in India. Transferring money from one person to another is possible in just a few steps, which make it one of the easiest money transfer apps in India. It has merchant integrations too.
These are the 5 best money transfer apps:
1. BHIM UPI:
The Unified Payments Interface or UPI created ripples in the money transfer apps environment because of the ease and convenience. Sharing private bank account details is no more a necessity, because with UPI, it is possible to transfer money to anyone with a UPI ID. Each transaction is validated with a security code that the user decides. Several private and public sector banks have their own apps tied up with UPI to allow seamless transfer of money from one account to the other. BHIM is one of the best UPI apps because of its simple interface, bill payment and money transfer options.
2. HDFC’s PayZapp:
This is one of the best mobile money transfer apps offered by a bank. It allows bill payments to multiple vendors, both online and offline. It is possible to pay vendors by scanning a QR code. The app allows for mobile money transfer using just the mobile number. This makes it very easy to send money. The app has an inbuilt feature of online bill payments such as DTH, mobile recharge etc. It is possible to shop online, order food and groceries through the app as well.
3. PayTM:
PayTM is the biggest mobile wallet player in India. From transferring payments to other wallets to converting itself into a while online payment ecosystem, PayTM has come a long way. It is possible to shop on PayTM, pay bills, order food, book travel tickets. Payments are possible through a mobile number or via scanning the QR code.
4. PhonePe:
PhonePe is one of the biggest UPI apps in the country. It has integrated itself with many online vendors making it simple to process payments through this platform. You can link multiple bank accounts on PhonePe which makes it easier to send and receive multiple payments. The interface is one of the friendliest among mobile money transfer apps.
5. Mobikwik:
Mobikwik has a strong and clean interface. It is the second largest wallet player in India. Transferring money from one person to another is possible in just a few steps, which make it one of the easiest money transfer apps in India. It has merchant integrations too.
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