June 5, 2024

Top 5 Money Transfer and Wallet Apps in India

money transfer

We do remember that when we sent money from one place to another or from one account to another, we were in a long line. Not only in the banks, we were also wasting our precious time at the post office. Today you will learn about the best money transfer apps in India and in all other countries too.

Previously, money transfer methods also had a lot of work filling out forms. Digital technologies rescued people from long lines, and the Internet also offers a reliable, secure, and faster way to transfer money through apps and e-wallets.

Today, transferring money to anyone within India or abroad can be done in a minute or in a few seconds. We do not need to go to the bank to transfer the money. You can make money transfers from your home or office using the simple money transfer applications.

What are the best online money transfer apps in India?

It is true that there are more than 100 electronic wallets available in India. Although below is the main money transfer apps for India to make quick transfers. This article is for you to know the best money transfer apps in India to send money quickly.

  1. Google Pay 

Google Pay App is a payment application created by the giant company called Google based on UPI (Unified Payment Interface), operated by NPCI, which manages the Indian banking system. Using multi-layered security in this app, which is completely secure, with the Google Pay app, you can make many types of digital payments such as:

  1. Payment can be received and sent.
  2. You can request to get money.
  3. The history of money transactions can be easily viewed.
  4. You can get a reward for sending money.
  5. You can choose the offers of your choice for digital payment.
  6. It is very easy to send the Google Ad-words invoice with Google Pay.
  7. Use the Google Pay app for all Google products.
  8. Google Pay can pay for electricity, gas, water, DTH, mobile devices, etc.
  9. You can easily transfer money from Gpay to people without giving any information about their data.

Also, you can send money to anyone close to you, without anyone telling you their details, it works just like a data transfer application like SHAREit. You are given refunds and rewards, like if you send Rs. 500 or more then you have the possibility to get up to Rs. 1 lakh.  There are many offers and rewards available in the Google Pay app.

Don’t Miss:Best Paypal Alternatives for Online Money Transfer

  1. Mobikwik

The MobiKwik app is a mobile wallet with the help of which you can make payments online. This application offers you functions like Paytm, FreeCharge, you can also use these functions with the help of this application.  This allows you to recharge the mobile and pay the bills in seconds. Use Mobikwik Mobile Wallet and buy any great discount online. This app will give you complete information on how to transfer money from MobiKwik, with MobiKwik you can transfer money to anyone and also take advantage of other types of facilities on offer.

  1. PhonePe – Money Transfer application in India

This allows you to make all your payments secure. You can make a bank transfer to a virtual payment address.  Since this is a UPI application, there is no need to add beneficiary account details. You can make many types of money transfers online from PhonePe money transfer app in India.  Starting with UPI payments to mobile devices, recharging TV, bill payments and all kinds of money transfers can be done through the PhonePe money transfer application. The best part of PhonePe is that you can transfer Rs. 1 Lakh / transaction, 27X4 anywhere, anytime via PhonePe e-Wallet.

  1. Paytm

Paytm is the electronic payment brand of India’s leading mobile internet company One97 Communications. The payment application uses VeriSign certified 128-bit encryption technology for secure payments. The most notable feature of this mobile wallet app is that it comes with the option to open a savings account with Paytm Payments Bank.  After opening savings accounts, Paytm will offer all services such as a minimum balance requirement, a free digital transaction and a free virtual debit card. Additionally, you can support Rs. 1 lakh deposits and earn 4% interest each month on it. The payment app also offers a feature to buy or sell digital gold. To receive physical gold against Paytm digital gold, you simply have to pay the fees and order delivery at any time after 24 hours.

  1. Jio Money

Jio Money is a semi-closed prepaid digital wallet from the operator of Reliance JIO. This Pay App aims to provide cashless transactions anytime, anywhere. This mobile wallet app offers basic and advanced user profiles. Basically, the transaction limit is INR 20,000 per month and does not require any documentation. In addition to prepaid and shopping payments, you can also pay for the entire Reliance service. This includes charity for the National Association of the Blind, Siddivinayak Trust, CRY and others.