Smartphone apps have become the new and most popular way of transferring money. From the smallest of transactions at a store to transferring lakhs of rupees, Indians have embraced the technological marvel, known as wallet apps. Here is a look at the leading mobile money transfer apps of India in 2018.
1. Paytm
Paytm was one of the first to enter the mobile wallet market in India. Since its inception, the company has grown rapidly. Recently, it has even garnered the status of an independent bank, rather than being a mobile app. It allows people to book movie tickets, pay bills and even book trains, buses and flights through the app itself. It is a popular wallet app, simply because of the range of features offered.
2. HDFC PayZapp
Another well-reputed money transfer app designed for smartphones, the PayZapp application allows registered users to transact in a cashless manner for a number of things, such as bill payments, ticket booking, hotels, online shopping, groceries and more. Moreover, even though the app itself belongs to HDFC, it can link the accounts of almost all banks, making it just as useful for people who do have bank accounts with other banks. Lastly, a wide range of discounts, promotional offers and cashback opportunities make PayZapp one of the best money transfer app in India.
3. Tez or Google Pay
A newer app that was launched in India in September 2017, Tez app was rebranded into Google Pay in August 2018. Within its short lifespan, Google Pay has managed to captivate customers with its user-friendly interface and features. Additionally, Google Pay allows users to win attractive cashback offers on almost all transactions. Moreover, users do not need to enter any details apart from the account information of the beneficiary and their own MPIN.
4. PhonePe
Similar to Google Pay, PhonePe is a useful mobile app that is full of interesting and useful features. Apart from the payment using IFSC code and account number of the beneficiary, the transaction can also be conducted using the UPI ID. Additionally, PhonePe offers cashback and discount on a certain transaction. Lastly, PhonePe also allows users to transfer money to self, using two of their own bank accounts.
If you have never transacted using one or more of these money transfer app, you should start doing so immediately. It will make your life easier and all online transactions much more convenient.
1. Paytm
Paytm was one of the first to enter the mobile wallet market in India. Since its inception, the company has grown rapidly. Recently, it has even garnered the status of an independent bank, rather than being a mobile app. It allows people to book movie tickets, pay bills and even book trains, buses and flights through the app itself. It is a popular wallet app, simply because of the range of features offered.
2. HDFC PayZapp
Another well-reputed money transfer app designed for smartphones, the PayZapp application allows registered users to transact in a cashless manner for a number of things, such as bill payments, ticket booking, hotels, online shopping, groceries and more. Moreover, even though the app itself belongs to HDFC, it can link the accounts of almost all banks, making it just as useful for people who do have bank accounts with other banks. Lastly, a wide range of discounts, promotional offers and cashback opportunities make PayZapp one of the best money transfer app in India.
3. Tez or Google Pay
A newer app that was launched in India in September 2017, Tez app was rebranded into Google Pay in August 2018. Within its short lifespan, Google Pay has managed to captivate customers with its user-friendly interface and features. Additionally, Google Pay allows users to win attractive cashback offers on almost all transactions. Moreover, users do not need to enter any details apart from the account information of the beneficiary and their own MPIN.
4. PhonePe
Similar to Google Pay, PhonePe is a useful mobile app that is full of interesting and useful features. Apart from the payment using IFSC code and account number of the beneficiary, the transaction can also be conducted using the UPI ID. Additionally, PhonePe offers cashback and discount on a certain transaction. Lastly, PhonePe also allows users to transfer money to self, using two of their own bank accounts.
If you have never transacted using one or more of these money transfer app, you should start doing so immediately. It will make your life easier and all online transactions much more convenient.
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