India is leading toward a cashless economy. Everyone is appreciating the cashless system moving from cash to a cashless payment system. After demonetization, a number of apps have arisen that allow you to transfer money anywhere with just some clicks on your android device. All these apps are integrated with many other services along with money transfers. Most of the apps allow users to integrate your credit and debit cards with their apps. Apart from transferring money, users can pay bills, scan QR codes, and make offline and online payments. Here is a list, exclusively just for you, of the best money transfer app in India.
1. Google pay: Secure UPI payment:
Greatly known as google pay is the most used and common online money transfer app available in India for free. This app is available on the google play store to download for free and is sized at just about 22 Mb. This app is rated 4.3 stars by google users and it has more than 500 million plus downloads alone on the google play store. Another popular name for this app is Tez. This app allows its user to make UPI payments, transfer money using a UPI id, and pay bills. You can pay contacts from your contact list using google pay directly. This means that the app is too much handy to use to make payments and transfer money. The scan and pay facility of this app makes the app handier to use. You can scan any QR code and make payments. You can also transfer money to bank accounts just by using account information like account number and IFSC code. The google pay app is very much secure as its uses a UPI PIN and integrated biometric locks of your device to authenticate your payments or money transfer. You can earn some exciting rewards using this app for your money transfer and payments.
BHIM app that is BHARAT INTERFACE FOR MONEY is India’s own payment and money transfer app developed by the National payment corporation of India. This app is available on the google play store and its size is just 26 MB. This app has earned a rating of 4.6 stars and has crossed more than 50 million downloads on the google play store. This app requires your mobile no linked to your bank account. The main feature of this app is that this app provides the ability to transfer money to any bank account, UPI id, or payment app just by using a UPI id. You can perform transactions up to Rs. 100000 per day to any bank account using this app. This app is compatible with any android device that runs on android 5.0 or above.
3. Paytm: secure UPI payments:
Paytm is mostly used and best money transfer app in India that is available for free to download on the google play store. The size of this app is 31 MB and the app has a rating of 4.6 stars in the google play store. The app has crossed more than 100 million plus downloads on the google play store alone.
You can send or receive money using the Paytm app. This app allows you to directly receive money in your bank account. You can send money to anyone using bank account details. Also, this app allows you to transfer money to anyone using a unique UPI ID or mobile number linked to the UPI ID. Apart from money transfer, this app allows you to transfer money in order to pay your bills. You can book trains, buses, and flights, and pay fast-tag bills, and electricity bills using this app. You can avail of many facilities like Checking account balances, adding beneficiaries, and linking and managing multiple bank accounts in one app using Paytm. UPI pin and biometrics integration make this app secure. You can also open your own bank account in Paytm payment bank just by linking KYC which is AADHAR and PAN in this app.
4. Phonepay UPI, Payment, Recharge:
This is another best money transfer app available on the google play store. This app is free to download. This app has a nice rating of 4.4 stars and the file size of the app is 38 MB. This app has crossed more than 100 million downloads in the google play store alone. This app offers secure money transfer, recharge bill payments, mutual funds facility, gold trading, and insurance facility in one app. This app allows its user to link BHIM UPI id to link with the app to perform seamless payments to any UPI ID, bank account, and another digital wallet. Users can link any UPI ID, bank account, debit card, or credit card with this app to do instant money transfers. You can also pay at any online and offline stores by transferring money with this app. This app allows users to get car and bike insurance instantly. Users can manage multiple bank accounts, check balances, see transaction history, and avail of many more facilities inside this app. This app also allows you to scan and pay via any QR code offline. This is one of the best money transfer apps in India.