A payment app allows you to pay someone even if you don’t have your physical wallet. Find out the 8 top payment apps of India in 2021 that work like digital wallets.
India has achieved tremendous increase in digital payments so far this year. The country has clocked well over 3.5 billion digital transactions totaling Rs.6 trillion (US$80.9 billion). With UPI facilitating payments, mobile wallets and digital payment apps have surpassed credit card usage. Although several programmes allow for online transactions, not all of them are appropriate for each of us.
This year’s 8 top payment apps of India are shown below.
1. Paytm is India’s top financial services company, providing customers, offline merchants, and internet platforms with full-stack payments and banking solutions. Through payments, trade, banking, investments, and financial services, the company aims to integrate half a billion Indians into the mainstream economy.
Vijay Shekhar Sharma founded One97 Communications Limited, which is headquartered in Noida, Uttar Pradesh. In addition to e-commerce purchases, this e-wallet software may be used to pay bills, transfer money, and access services from merchants in the travel, entertainment, and retail industries.They now accept UPI payments as well.
2. Google Pay is the most convenient method to send money to your family, recharge your phone, or pay your local grocery store.
Sending or receiving money with no costs from a user’s bank account to nearly anyone. Users can send and receive money even if their contact is not signed up for Google Pay.
Users may recharge their phones with a single tap and pay their monthly payments with Google Pay. Google Pay can be used anywhere there is a UPI QR code or a Google pay tag.
3. Amazon Pay is a service that allows users to use payment methods currently connected with their Amazon account to pay for goods, services, and donations on third-party websites, applications, and through Alexa.
Users can make a payment using any of the payment options listed in their Amazon account. There are no fees associated with using Amazon Pay while making a purchase from a merchant.
It accepts a variety of payment methods, including gift cards, Amazon Pay Balance, credit cards, and so on, and offers cashback and coupons for discounts on each transaction.
4. PhonePe is the next app on the list of the best online payment apps in India. PhonePe was founded in 2015, and in just four years, it has surpassed the 100 million download mark.
PhonePe allows you to accomplish anything from UPI payments to recharges, money transfers, and online bill payments. It has an excellent user interface and is one of the safest and fastest online payment options in India.PhonePe customers may also automate bill payment and search for nearby services and outlets for Food, Healthcare, and other utilities.
5. JioMoney is a safe and secure method of making digital payments across both physical and online channels. Users may pay bills instantly, recharge mobile phones and DTHs, pay at thousands of online and physical establishments, and much more. JioMoney users can also link their credit cards and bank accounts.
JioMoney enables registered users to conduct secure cash-free purchases from anywhere at any time, as well as securely store all credit/debit cards and bank accounts for easy and speedier transactions. It also allows the user to send money to other JioMoney users as well as directly to other people’s bank accounts.
6. Airtel Money/ Airtel Payments Bank
It was launched in January 2017 by Bharti Airtel, India’s largest telecom carrier, to promote the government’s promised cashless transformation.
Airtel Payments Bank is a distinct bank that offers its customers important financial services.
To meet the needs of the country’s neglected and unbanked people, their solutions are designed to solve the problems that traditional banking causes, such as long lines, unending paperwork, and inconvenient travel. The goal is to make banking more simple, convenient, and intuitive.
7. FreeCharge, an Axis Bank Limited wholly-owned subsidiary, was once India’s No. 1 payments app and continues to be one of the top payment apps in the country. Customers all around the country still use FreeCharge to pay for prepaid, postpaid, DTH, metro recharge, and utility bills for a variety of service providers.
The Chat-n-Pay service from Freecharge is all about social payments. It is a fun and secure way for people to Chat-n-Pay to friends, family, and businesses in under 5 seconds. It also allows shops, large and small, to accept digital transactions in less a minute after registering on the FreeCharge App.
8. Payzapp, an e-wallet created by HDFC Bank in 2015, is powered by Visa and Mastercard. Customers can link their HDFC Bank debit or credit cards, as well as those from other banks, to their PayZapp application to take advantage of the e-endless wallet’s perks.
PayZapp’s various features include transactions to another PayZapp wallet or other bank account, travel or movie bookings, meal reservations, cashback, discounts, rewards, quick mobile and DTH plan recharges, and much more.