15 Best Money Transfer Apps in India

Best Money Transfer Apps in India

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.

Best money transfer apps in India

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 15 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 in India available out there.

[su_note note_color=”#f2f2f2″]Worth Reading: 7 Best Money Management Apps in India [/su_note]

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.

Best Money Transfer Apps in India

Main Features:

  • 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

Download Google Pay


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.

Main Features:

  • 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

Download BHIM

3. Paytm

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.

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Main Features:

  • 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

Download Paytm

4. PhonePe

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.

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Main Features:

  • 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

Download PhonePe

5. FreeCharge

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.

Main Features:

  • 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

Download FreeCharge

6. Mobikwik

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.

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Main Features:

  • 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

Download Mobikwik

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.

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Main Features:

  • 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

Download Amazon Pay

8. Skrill

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.

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Main Features:

  • 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

Download Skrill

9. UltraCash

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.

Main Features:

  • 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

Download UltraCash

10. Citrus

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.


Main Features:

  • 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

Download Citrus

11. Ola Money

Ola Money is considered as India’s easiest, fastest, and safest money wallet app that gives you access to all your daily needs. Through this app, you can do prepaid mobile recharges, pay postpaid mobile bills, electricity bills, gas bills, pay at several stores, all this in just one click. Withdrawing your Ola Money from the wallet to your bank account is super easy with this app. Make faster recharges and postpaid bill payments by using your saved cards within this online wallet. The best part about this app is that it enables you to check your transaction history thereby enabling you to remember where you spent your Ola Money.

Also, paying for various bills and making recharge through your mobile number via Ola Money can be done within minutes.  

Main Features:

  • Send money to your loved ones anytime, anywhere with a tap
  • Easy mobile recharges and postpaid bill payments
  • Pay Electricity and Gas bills
  • Recharge your DTH and Data Cards
  • Recharge you Mumbai Metro card in one go

Download Ola Money

12. Yono by SBI

YONO SBI is SBI’s latest mobile banking offering that lets you bank digitally, invest, shop book movie tickets, vacations, flights, and IRCTC train tickets at your convenience. It offers exclusive discounts to SBI customers across merchants who in turn offer shopping, vacation bookings, flight and bus ticket bookings, and many more. With this app, you can perform basic banking transactions such as checking your balance, creating a fixed deposit, adding beneficiaries, etc. You can even make an immediate transfer to a newly added beneficiary up to Rs. 10,000/-

Moreover, you can get an overview of your expenditure with the apps’ Intelligent spend analysis, which automatically tags and categories your transactions.

Main Features:

  • Exclusive discounts and offers for SBI customers
  • Perform basic banking transactions
  • Immediate transfer 
  • Liquidity on the go
  • Get an overview of your expenditure

Download Yono by SBI

13. Azimo Money Transfer

Azimo Money Transfer is a faster method of transferring money globally. You can send money to any bank account, mobile wallets, and more than 300,000 secure cash pick-up locations. The app allows instant and one-hour transfers which are available in more than 80 countries, with 24/7 delivery. You can even send from 25 European countries to more than 200 countries and territories across the globe. The best part about this app is that it equips face ID and touch ID security, which will ultimately keep your personal data secure. Moreover, it offers real-time updates on your transfer, so that you know exactly where your money is.

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Main Features:

  • No credit or debit card fees
  • Fca-authorized, so you know your money is safe.
  • Face ID and Touch ID security, to keep your personal data secure
  • In-app customer support offered in 8 languages
  • 30,000+ five star reviews across Trustpilot

Download Azimo Money Transfer

14. Pockets

Pockets are the only app in India that offers UPI, NFC, and Bharat QR code payments. You can instantly get a free virtual VISA card that can be used for shopping at all online websites. With this app, you can recharge your prepaid mobile or DTH connection and pay your utility bills with ease. You can even recharge your prepaid mobile or DTH connection and pay your utility bills from within the app. Request for a physical card and use it for small value payments without disclosing your debit/credit card details.

Download this app and make secure cashless payments by scanning UPI QR, Bharat QR, and mVISA QR codes without the need to swipe a physical card.

Main Features:

  • NFC Touch & pay 
  • Transfer funds instantly
  • Postpaid Mobile & Landline Bill Payment 
  • DTH connection recharge
  • Data Card Recharge

Download Pockets

15. TransferWise

TransferWise is an amazing money transfer app that lets you send money abroad quickly and easily at the lowest possible cost. It uses the real exchange rate to help ex-pats, foreign students, businesses, freelancers, and people living international lives to send, receive, and spend money securely and conveniently. Through this app, you’ll always get the real exchange rate which is up to 8x cheaper than high street banks. Moreover, you can create a free multi-currency account within this app and manage your money in multiple currencies, and even convert it when the rate is right.

Main Features:

  • Send money to a family member abroad
  • Send money to a friend
  • Pay a bill in another country
  • Pay off your mortgage or loan abroad
  • Hold and manage your money in 28 currencies

Download TransferWise


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.

Can I withdraw cash from Google pay?

Yes, you can withdraw cash from Google pay from any Chase ATM with NFC. However, Chase makes it seem like you can only make withdrawals using either one of its consumer debit cards or Liquid Cards in your mobile wallet of choice.

Which is the best cashback app in India?

Money transfer apps like PayTM, Freecharge, and MobiKwik offers some great cashback offers.

Is Google Pay safe for money transfer?

Transactions made through Google Pay are secure as Google keeps all payment information on secure servers. Also, your card details are never stored on your phone or shared with merchants. 


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 the 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.


I am a thorough nerd who completely indulges into books when handed one, unless it is a hard-boiled fiction. Apart from reading and surfing shows on Netflix, I love to vent my emotions out through writings.