Tuesday 18 September 2018

Top 5 mobile payment apps in India

If you have a smartphone, you do not require an alarm clock, a television, a torch, a compass, a computer, today. Nowadays, smartphones are hogging the limelight that once was ruled by debit/credit cards. Mobile transactions are on a rapid rise, especially in emerging countries like India and China. The mobile payment app category is growing fast, and users are presented with a wide variety of choices to select from.

You can now split bills, order food, book movie tickets, send and receive money, by just a click. Following are some of the apps that are reigning in the Indian market over the years:

1) Paytm: This app has risen exponentially since its launch in 2010. It is the leading mobile payment app in India. Paytm did have competitors amongst its category, but they stood out offering deals almost every day in categories such as recharge, DTH services, entertainment, etc. Today, several merchants have Paytm as a payment option.

2) Freecharge: They always come with exciting offers that make them the most likeable mobile payment app in India. Freecharge stands head-to-head with Paytm. Usually Freecharge is handy for doing mobile recharge and making online bill payments.

3) MobiKwik: They have got more than 20 million users and 60,000 merchants who have them as a payment option on their portals or app. What differentiates them from the other mobile payment app players in the same category is that they provide cash collection facility at your residence. You can also pay your electricity, gas and other utility bills through MobiKwik. They are currently expanding their merchant base rapidly.

4) PayZapp: With the help of this app, customers can make instant payment online, enjoy great deals on entertainment, send money to their friends, etc. With the HDFC PayZapp, you no more have to make card-based transactions. Some of the salient features of using PayZapp are:

- Your PayZapp is connected with your savings account. This makes it easier to transfer money
- You can avail of attractive travel deals and offers
- You can pay utility bills, purchase movie tickets, etc.
- You shop groceries online and have them delivered to your doorstep
- You can pay your cab money

5) Google wallet: It mainly helps in transferring money to anyone in the fastest and easiest fashion. You can sign up for Google wallet through your debit card or Google account. The best part about this mobile payment app is that the recipient need not have the same app.

Having a mobile payment app is now so necessary that it is equivalent to having a telephone connection. It assists you in spending less time in the long bank queues.

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