From Google Pay to Paytm, here are the best digital payment apps and wallets in India

The digital payment ecosystem has reached a new level with the arrival of UPI, which allows simple and easy transfers from one bank account to another instead of using a wallet. Here we have listed the commonly used digital payment apps in India.

Amazon payment

Amazon payment

Amazon Pay is one of the country’s leading digital payment services. Owned by e-commerce giant Amazon, it was launched in 2017 and focuses on allowing users to pay external merchants through their Amazon accounts. It has partnered with ZestMoney to provide a no-fee EMI payment option as well. Additionally, shoppers can use Amazon Pay to purchase products listed on the online retailer and pay for them in monthly installments.

BHIM

BHIM

BHIM aka Bharath Interface for Money is another popular payment application based on UPI. It was developed by NPCI (National Payments Corporation of India) and supports all Indian banks on mobile devices. The app will allow users to link multiple bank accounts in the app and choose which one will receive payments through direct bank payments. It also allows users to request money through the app.

Google Pay

Google Pay

Although it came after a few other apps in the category, Google quickly expanded its user base. Currently, it is the most widely used e-wallet and one of the leading digital payment apps in the country. It allows users to send money to friends, recharge their phones, pay bills, and purchase products online through UPI payments directly from their bank accounts.

It works with users’ existing bank accounts and the money is safe in their bank accounts. It is debited or credited directly from their bank accounts. There is also no need to perform any additional KYC verification.

Payment

Payment

One of the most popular e-commerce websites and widely used mobile wallets in the country is Paytm. It offers users a digital wallet to store money and make bill payments, instant mobile recharges, data cards, make utility bill payments and top up their phones. The electronic wallet follows a semi-closed model and a mobile market. Users can add money in the app and make payments to merchants who establish active links with the service.

TelephonePe

TelephonePe

PhonePe is another popular digital payment app in the country. It was launched in 2015 and hit the milestone of over 100 million downloads a few years ago. The service offers UPI payment options, money transfers, bill payments, and mobile recharges, among others. It is touted as one of the safest and fastest digital payment apps in the country. Moreover, PhonePe, which belongs to Flipkart, offers a good user interface.


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Elaine R. Knight