Best Money Transfer Apps In India

With the introduction of smartphones and money transfer app, banking and fund transfers have undergone a sea change. Developments in digital banking have led to different wallet based apps that have helped simplify money transfers between people.

It is no longer necessary to issue a cheque to a person to make payments. You can use easy money transfer apps to make payments. Most of these apps are linked to the customer’s credit or debit card or net banking through which it is possible to make fund transfers and payments.There are many different apps that you can use to make these transfers.

These are the best money transfer apps in India:

Google Pay:

Google Pay  is one of the best money transfer app in India. It is very easy to make payments using Google Pay. You can chat with the recipient before you make a transfer. Most transfers get a scratch card as a reward for using the platform. Google Pay uses the UPI interface to make payments. Google Pay has a very simple interface that is easy to understand.

PayTM:

PayTM is the largest and one of the best money transfer app in India. PayTM allows you to transfer funds using the wallet and UPI, make bill payments and make purchases on the app such as groceries, fashion etc. PayTM was the first to introduce online money transfer app to India. PayTM can also be used to transfer funds to merchants using a QR code.

Payzapp by HDFC Bank:

PayZapp allows the user to do several different things. It is possible to send and receive money on PayZapp. You can also pay bills, shop for groceries, make travel bookings etc through PayZapp. PayZapp rewards its customers through cashbacks for using the app to make payments. PayZapp is also linked to HDFC Bank’s UPI app.

Phone Pe:

PhonePe is another popular online money transfer app. Making transactions on this app gets you cashbacks and rewards. It is possible to use PhonePe to make fund transfers to people, make bill payments and also pay merchants using the PhonePe QR code. PhonePe has one of the quickest fund transfer procedures without any PIN or authentication. PhonePe can easily be used to make payments on Flipkart. PhonePe can even be used to transfer funds from one bank account to another bank account for the same customer.

Mobikwik:

Mobikwik is the second largest easy money transfer apps in India. It is very easy to use this app to transfer funds from one person to the other. Mobikwik can be used to make bill payments with ease and also do mobile recharges