Mobile payments and digital money are fast gaining acceptance among users in India since its introduction. The ease of use and various benefits being offered in terms of cash backs and discounts are fast luring new users to shift to use of virtual currency. There are several companies that are providing the option of mobile payments for a variety of services from bill payments to online shopping. Here is a list of the upcoming mobile payment apps that are available in India.
PayUMoney
This app has shown huge growth since its inception in 2017. The services are extremely customer friendly. You can use this mobile payment app for bill payment, online purchases, and services like recharging phone or DTH facilities. The refund process is simple and instant for cancelled orders.
HDFC Chillr
This payment app allows you to make payments to anyone on your contact list with a couple of clicks. For a person who is on your contact list, you do not need to add any other information before transferring the money. This app connects directly to your HDFC bank account. You can shop on e-commerce websites, pay utility bills, split expenses and even make payments to offline stores with this app.
PhonePe
This app has a lot of features that make this app lucrative as well as user-friendly. You can link several bank accounts to your virtual wallet with this app. There is various cash back offers that the users find genuinely useful. Payments of bills, mobile phone recharge, booking movie tickets, air tickets etc. become very simple with PhonePe.
Tez
Google Pay or Tez is another up and coming mobile payment app in India. The reason for its rapid success is its ease of use and rewards program. It supports transactions from all banks for online shopping and bill payments. The ‘Cash Mode’ allows you to make payments over a wireless connection when you and the beneficiary are in the same location. This makes paying at shops extremely easy.
BHIM (Bharat Interface for Money) UPI
This app is the product of the Government of India’s attempts to promote digital currency. Although there are minimum features, the app has a simple interface and is very easy to use. Through this app, you can send and receive funds in a matter of seconds. This is done using Virtual Pathway Identifier (VPI), QR codes or mobile numbers. You can also transfer money with bank account number and IFSC code.
Mobile payments are making the process of transaction easier and eliminating the need to carry cash. The mobile payments apps are over time becoming more innovative. All transactions on these apps are very secure and always have benefits associated with them to enhance user experience. If you are pondering about switching to virtual payment platforms, you should consider these upcoming mobile payment apps to reap maximum benefits.
PayUMoney
This app has shown huge growth since its inception in 2017. The services are extremely customer friendly. You can use this mobile payment app for bill payment, online purchases, and services like recharging phone or DTH facilities. The refund process is simple and instant for cancelled orders.
HDFC Chillr
This payment app allows you to make payments to anyone on your contact list with a couple of clicks. For a person who is on your contact list, you do not need to add any other information before transferring the money. This app connects directly to your HDFC bank account. You can shop on e-commerce websites, pay utility bills, split expenses and even make payments to offline stores with this app.
PhonePe
This app has a lot of features that make this app lucrative as well as user-friendly. You can link several bank accounts to your virtual wallet with this app. There is various cash back offers that the users find genuinely useful. Payments of bills, mobile phone recharge, booking movie tickets, air tickets etc. become very simple with PhonePe.
Tez
Google Pay or Tez is another up and coming mobile payment app in India. The reason for its rapid success is its ease of use and rewards program. It supports transactions from all banks for online shopping and bill payments. The ‘Cash Mode’ allows you to make payments over a wireless connection when you and the beneficiary are in the same location. This makes paying at shops extremely easy.
BHIM (Bharat Interface for Money) UPI
This app is the product of the Government of India’s attempts to promote digital currency. Although there are minimum features, the app has a simple interface and is very easy to use. Through this app, you can send and receive funds in a matter of seconds. This is done using Virtual Pathway Identifier (VPI), QR codes or mobile numbers. You can also transfer money with bank account number and IFSC code.
Mobile payments are making the process of transaction easier and eliminating the need to carry cash. The mobile payments apps are over time becoming more innovative. All transactions on these apps are very secure and always have benefits associated with them to enhance user experience. If you are pondering about switching to virtual payment platforms, you should consider these upcoming mobile payment apps to reap maximum benefits.
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