Soon after the demonetization happened, many of us were running out of cash and that is when the digital wallets rolled out to be a preferred medium of payment. Demonetization made every other Indian go crazy as new ₹ 500 and ₹ 2,000 notes were lacking in various banks & ATMs. These apps provide multiple levels of security and therefore provides its users with the highest level of security. These money transfer apps serve as a reliable and secure option to send and receive money online.
The payment process has now become an easy process as now you can simply scan the QR code of the merchant and make the payment. Most of the below-mentioned apps come with a simple user interface and allows instant money transfer. Moreover, paying through the money transfer apps is not only hassle-free but convenient at the same time. In this article, we have listed down the top 10 Best money transfer apps in India that will enable you to transfer money with the tap of a finger.
So, without any further due, let’s begin to explore some of the best money transfer apps available out there.
10 Best money transfer apps in India
- Google Pay
- Phone Pe
- Amazon Pay
1. Google Pay
Google Pay is one of the best money transfer app that you will ever come across. It lets you keep everything you need to speed through checkout on your phone. Also, you will get all the information on your home tab itself. Moreover, it uses the world’s most advanced security infrastructures in order to keep your account safe and protects your information with multiple layers of security. You can also get access to your recent transactions and get access to rewards while shopping.
It is supported by major banks in the US and various other countries and is integrated with several mobile banking apps. The app also makes use of an encrypted number instead of using your actual card number.
- Uses the world’s most advanced security infrastructures
- Uses an encrypted number instead of your actual card number
- Enjoy access to rewards while you shop
- Available on all non-rooted Android devices
- View your recent transactions
BHIM is developed by the National Payment Cooperation of India and is available on the google play store for download. It comes with a simple user interface and uses the Unified Payment Interface (UPI) to make transactions across various banks. In order to register on the app, you will need a UPI supported bank account, a mobile number registered with that bank account and linked debit card details. Also, the app is secured by dual-layer security protection and doesn’t rely on delegates.
Moreover, the BHIM app lets users transact up to Rs. 10,000 in a single transaction. You can also pay bills or scan QR code through this app. However, the app does not offer profitable cashback offers.
- Greater transaction limit as compared to wallet apps
- Secured by a dual-layer security protection
- Load money from your bank accounts
- Enable fast, secure, reliable cashless payments
- Convenient to use
Paytm is indeed one of the best money transfer apps in India and is considered to be the country’s largest digital payment gateway. With this app, you can make mobile recharges and pay bills for all major telecom operators. All you need to do is link your bank account via UPI or add money to your Paytm wallet and then you can easily make payments. It also offers some amazing deals & discount vouchers on various popular brands. The app allows you to make LIC online premium payment instantly. You can also book IRCTC Train, Bus and Flight Tickets.
The app also provides some amazing offers on bus tickets and flight tickets for Indigo, Air India, Go Air, etc. Download Paytm and transfer money through any bank account.
- No wallet KYC required
- Get offers on mobile recharge & postpaid bill payment
- Link your bank account via UPI
- Deals & Discount Vouchers
- LIC Insurance Premium Payment
PhonePe is primarily an all in one digital wallet that can be linked to a single debit, credit card or bank account. It is powered by YES Bank and works over the Unified Payments Interface platform. The app also makes sure that every single transaction is safe and thereby ensures its user’s financial details secured. You can even save beneficiaries and manage multiple bank accounts. It also offers some amazing refunds and cashback. With PhonePe, you can transact up to Rs.1 lakh per transaction. Moreover, the transaction can be made in the language of your choice.
So, now with the help of this app, you can make instant bank transfers by using your Virtual Payment Address or by just using your mobile number.
- Save beneficiaries and manage multiple bank accounts
- Get refunds and cashback to your bank account
- Send and request money from your contacts
- Pay for utilities such as electricity and gas bills
- Transact in the language of your choice
FreeCharge is another mobile money transfer app that will allow you to send and receive money instantly. It also allows you to buy discount coupons from your favorite brands starting at just ₹1. With this app, you can get gift cards, personal loans, debit card EMI, digital credit card and much more. With the QR code feature available on the app, you can simply scan the code instead of adding a phone number for transacting. The app also offers some amazing cashback and discounts that you avail of while transacting. You can even invest in Mutual Funds and make investments with SIPs.
Moreover, you can pay your electricity, DTH, data card, landline, broadband and gas bills with the help of this app.
- Conveniently pay for recharges and bills
- Start investing with just ₹100 with top-rated funds
- Get Google Play recharge codes
- Cashbacks and Discounts
- Access all your recent transactions
MobiKwik will allow you to pay your bills in just one click. It is considered as one of the best Digital Wallet. You can do Recharge mobiles, DTH and pay various bills. MobiKwik is said to be the best platform to buy insurance. You can also invest in mutual funds that will give a 10% higher returns than fixed deposits. It is used by more than 30+ million users throughout India and has more than 1 lakh plus retailers. You can even buy digital gold on MobiKwik and the same will be provided to you in real-time cost of the gold.
The best part about using this app is that it allows you to set reminders for bill payments. Download Mobikwik for free from the google play store and transfer money instantly.
- Buy insurance on MobiKwik
- Offer instant personal loan online
- Invest in ELSS and SIP
- Track all your expenses
- Buy digital gold, insurance, invest in mutual funds
7. Amazon Pay
Amazon Pay which is often referred to as Amazon Pay is one of the best apps to handle online transactions. You can also have a great shopping experience as the app allows you to choose from the wide collection of products and can even get personalized recommendations based on ratings and shopping trends. You can also track your orders through the ‘Your Orders’ menu option. However, Amazon Pay cannot handle PayPal or ACH transactions as it doesn’t come with a lot of overhead costs. Also, it assures 100% purchase protection for safe payments.
With this app, you can even make recharges and pay different bills such as electricity bills, postpaid bills, landline bills, broadband bills, gas and water bills.
- Instant money transfers
- Fast & Easy Recharges & Bill payments
- Safe and Secure Shopping
- Book Domestic Flights on Amazon
- UPI PIN secure and supported by govt. of India
With Skrill, you can easily transfer money to other skrill members and to various bank accounts. You can transfer money to more than 80 other countries across the globe. However, once you make your transaction in a particular currency then you cannot change your currency later on. You can also pay to various sites and services such as William Hill, Betway, Ethiopian Airways, Skype, FxPro, and Steam. Also, you can access your money and check your balance anywhere, anytime. The related branches of skrill are spread out throughout the world but the main headquarters lies in the United Kingdom.
Moreover, the customers who link them to skrill will be provided with a skrill prepaid card. The app also offers premium memberships to customers with high turn-over.
- Transfer money to more than 180 other countries
- More than 40 currencies supported
- Receive real-time notifications for your transactions
- Buy crypto with credit card
- Comfortably send money to another Skrill member
With UltraCash, you can transfer money to any bank account in India instantly. It is considered as the best app for recharge, mobile banking, check account balance, electricity Bill pay. However, you will have to save your card details in order to make the money transfer process instantaneous. The app also makes use of NFC technology to send and receive money. Also, the app provides various discounts and offers. It comes with a separate credits section that allows its users to pay bills using the credits on the app thereby making it a free purchase.
Moreover, you will have to verify your mobile number to use the UltraCash app. You will also have to add BHIM UPI for UPI transactions.
- Send Money to any Bank account in India
- All money transfers are instant
- No IFSC needed
- Account numbers are optionally saved
- Use the Bank Account or Debit Card to transfer money
Citrus is associated with many online service providers and is meant to be India’s leading online loan app that offers its users a credit limit between Rs 10,000 to Rs 1 lakh. You can avail the loan in three easy steps: First, check eligibility in the App then complete the application and then finally set up your bank account to receive the funds and auto-debit your EMI’s. You can also upgrade your Wallet to enjoy higher limits on Loads, Withdrawals and Payments. Moreover, Citrus is available on the play store as ‘LazyPay’ and will basically allow you a credit limit on the app without any physical documentation.
So download this app from the google play store and secure access to all your bank accounts from a single app.
- Offers a Cardless EMI facility
- Pay later with interest-free 15-day credit
- Check your eligibility in minutes
- Affordable interest rates including no-cost options
- Avail an instant personal loan
Which app is best for money transfer?
Google Pay is one of the best money transfer apps that you will ever come across. It uses the world’s most advanced security infrastructures to keep your account safe. Also, while shopping you can enjoy access to various rewards.
This was our list of top 10 Best money transfer apps in India that will help you to transfer money conveniently. Also, nowadays various banks have started having their own money transfer apps, so if you don’t want to link your card details with multiple e-wallets apps, you can simply rely on your own bank’s money transfer app. All of the above-mentioned apps are best in their way and provides security of various levels. However, you haven’t used Google Pay yet, you should definitely try using it once. It is simply amazing. Moreover, these apps make use of either encryption or protected code that eventually reduces the menace to your personal data.
Did you like our list of 10 Best money transfer apps in India? If yes, then don’t forget to share it with your friends. Also, do let us know in the comment section below if we have missed out on your favorite money transfer app.