Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?

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Best 5 UPI payment apps in India found from various sources of Internet and from Customers review. After launching of Reliance-Jio in 2016 in India. People get used to the internet for anything. Modi government always focuses on the digital payment system from the beginning and Jio makes this easy for people. These Top 5 UPI payments apps in India listed from user experience and convenient secured payment system.

UPI- Unified Payment Interface


Unified payment interface is introduced by NPCI with collaboration with RBI to give a better and smooth service for the inter-banking transactions. It allows sending and requesting money in real time inter-banking. A total mobile phone-based payment system allows users to send and receive money 24X7X365 even during holidays a hustle free transactions give user best experience for money transfer rather than NEFT/RTGSP payment without doing any paperwork/form filled up.


A UPI payment is fully secure and can be used by anyone who wants to use UPI apps service. Its most useful feature is we can use multiple bank accounts transaction in one application.


UPI apps are fully secured for 2 steps verifications and end-to-end encryption. Users can manage all transaction history at a single click, no need to remember all the details of your payments, UPI apps stored all of your histories. Also, you can share your payment receipt to anyone using social media networks like Facebook/WhatsApp/Twitter easily with just one click.


Advantages of UPI Payments :-

  • 24X7 service a fully easy and reliable send and receive payment service
  • Virtual payment address (VPA) or UPI id, send and receive money through your UPI id (unique for every user) directly at your bank account
  • Real time money transfer helps people to send money easily which makes easier for anyone, you no need to wait in banks for hours to send money through NEFT/RTGS.
  • Mobile number: Send money through mobile number linked with the bank account.
  • Bank details and IFSC code:- User can send money to bank account easily using bank account details.
  • Adhaar Card:- Send and receive money using adhaar card details i.e. linked with respective bank account.
  • Bar code/QR code:- Send and receive money using bar code/QR code.
  • Utility Bill payments: User can pay utility bills like electricity, water LPG, etc at any moment.
  • All transaction history at one click.
  • Any complaint can be filed regarding payment through these APPs easily.
  • UPI fund transfer is easier and cheaper than any payment transfer method like IMPS/NEFT/RTGS. This makes UPI apps excellent for money transfer frequently UPI fund transfer is a faster mode of money transfer method unlike RTGS which take seven 12/24 hours to transfer money.
  • One UPI apps user can manage over one bank account with just a few clicks. In one platform you can manage all mobile recharge utility payments easily.
  • 2 step security makes payment secure through Mpin and UPI pins.
  • Paperless transfer makes people’s saves time and money. (You no need to queue in a bank).
  • No signature verification needed for money transfer.

Disadvantage of UPI payment Apps:-

  • You need to have a Smartphone with an internet connection and you need to be in an active network area.
  • Due to network issue sometimes payment has debit from account but not credited to the bank account, you need to wait up to 7 days to reverse it.
  • Some people through it can fraud as it only can be sent and receive money through mobile apps illiterate people never trust.
  • UPI transfer has daily transfer limit so bigger payment can’t be done through UPI apps (every bank has different limits for its users).
  • No signature verification needed for money transfer from accounts, which makes some people thought not secure payment mode.

Wikipedia reports:-

As of March 2019 there are 142 banks live on UPI with a monthly volume of 799.54 million transaction and a value of 1.334 trillion (US19billion). The mobile-only payment system helped transact a total of 17.29 lakh Cr ( US 240 billion ) tills now. (Courtesy :- wikipedia.org )

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Best 5 UPI payment apps in India :-

PhonePe :-

Phonepay - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
Image Courtesy :- PhonePe.com

Phonepe is now leading and no. 1 UPI payment app in India. Its uses UPI payment system to Send and receive money. PhonePe founded on 2015 headquarter at Bangalore, acquired by Flipkart on April 2016. Phonepe founder Samir Nigam is the CEO and Rahul Chari another cofounder is CTO. PhonePE is now available in Indian local languages.
PhonePe is accepted as payment option in various online and offline merchant outlets.  (over5millions) covering e-commerce, travel, hotels, movie tickets, food, etc. The app users crossed 100 million user mark in June 2018. PhonePe is also licensed by RBI for insurance and semi closed prepaid system. PhonePe wallet facility give instant payment to its users. You can add money to your wallet and also transfer money from wallet to bank.


The fastest UPI apps for money transfer:


PhonePe is the leading and fastest money transfer UPI apps in India. You can install the apps from play store and register yourself with your mobile number. Open the dashboard of the apps where you can find various options like add money, transfer money utility payments wallet.
From the dashboard itself you can choose anyone using  phonepe for money transfer, then just one click using your unique UPI pin you can send money to a user. PhonePe doesn’t require two step pin for money transfer that’s make phonepe faster than other UPI apps.


PhonePe RepeatTransactions:-


PhonePe gives a facility to repeat the transaction using your history of payment. Also, you can avail auto payment mode for post paid recharge and other monthly payment using your credit card.You can find your old transactions and repeat your recharge of prepaid mobile/postpaid mobile can go to history page and find all transactions you have mode through phonepe and you can repeat any transactions.
You no need to add again and find browse the receipt for future transactions.


Awards & reorganizations:


2018 recognized by NPCI for driving largest number of merchant transactions on the UPI network.
2018:-Won the UPI digital innovation award from NPCI in 2018.
2018:- Won the super start up Asiain 2018.
2018/2019:-Best mobile payment product or service.
2019:- Best digital wallet initiate at Indian retail and e-retail awards 2019

Complaint and resolved:-

PhonePe resolved it 95% complaint within 24 hours. You can easily register a complaint for payment and other easily. You can do it easily. The failed payment reversal within just a few minutes PhonePe is very user friendly and best UPI app in money transfer and utility payment.

Download the App from Playstore : – Click Here

WhatsApp Image 2020 06 18 at 9.52.43 PM 1024x1024 - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
Hey, PhonePe has made payments from home easy for me. You should try it too. It’s instant & 100% Safe. You can send money, recharge, pay all your bills & do much more without stepping out.
Click here & install PhonePe – https://phon.pe/ru_debarikqs


Google Pay :-

G Pay - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
Image courtesy : Google.com


Google Pay previously known as GoogleTez is a digital wallet developed and managed by Google LLC enabling UPI payment with android phones, tablets. Google UPI is the parent organization of Google Pay was founded in September 2015. Google Pay for India gives a lot of features, Google Pay doesn’t have any wallet system. But you can pay any transactions like mobile recharge utility payment with just UPI payments.

Google Pay - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
Google.com


Google Pay gives user some rewards as scratch cards which directly deposited in your bank accounts. Google Pay takes advantage of physical authentication such as fingerprint ID, Passcode, or Google pin. Which makes Google pay a very secure app for any payments. It need a pin for opening the app, you can send money using UPI id and bank details.
Google Pay enables mobile number payment facility for its users. The Google Pay app is continuously developing extra features, now it receive fast tag user can also pay bills in grocery stores & all nearby stores. Google pay allows the user to control privacy notifications and security for them. Google pay now available in Indian local languages, regional language Hindi, Gujrati, Marathi, Tamil, Telegu, Bengali.


Google gives a user friendly dashboard to its user and user can easily send money and receive money from its dashboard. Google Pay store your previous transaction in its dashboard and you can directly select it for a future transaction with just one click.


Google Pay has one unique feature that you can chat people before pay them (chat facility available for payment)

Download the App from Playstore :- Click Here

WhatsApp Image 2020 06 18 at 9.52.09 PM - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
Join me on Google Pay, a secure app for money transfers, bills and recharges. Enter my code 9g6ev to earn ₹21 back on your first payment! https://g.co/payinvite/9g6ev


PayTm :-

Paytm 1024x572 - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
Image courtesy : Paytm.com

Paytm (Meaning pay through mobile) is an Indian ecommerce payment System and financial technology company, based in Noida UP India. Paytm was founded in 2010 with initial start up investment by Vijay Shankar Sharma. One 97 communications Ltd is the owner of paytm and its subsidiaries Vijay Shekhar Sharma is the CEO of paytm and Ajay shekhar Sharma is the vice president.


It started off as a prepaid mobile and DTH recharge platform in India in early stage after some time it added data card and post paid mobile and landline bill payments in India. After four years from launching in 2014, paytm introduces Paytm’s wallet for the first time and added by Indian railways & UBER for their customer for payment option.


Paytm is the highest downloaded apps in Indiain UPIs paytm is the most popular and most used UPI based app in India. It provides various features like fund transfer, mobile recharge, investment donation, movie ticket railway ticket Hotel Bookings Flight Booking for its user in one platform.
Paytm is now a massive merchant for payment. Paytm is accepted in all kinds of stores from small to bigstore like Big Bazar, Pentaloons, Paytm also give cashback and many cashback facilities to its users.


Paytm is the first merchant to introduce for payment from school fees to school exam fees and also toll charges.Through paytm payment bank facilities you can now apply for savings bank account. Paytm wall first started in Feb 2017 a user friendly ecommerce platform allows customer to buy anything from home.


Rewards:-

outstanding startup of the year award at Forbes leadership awards 2016

Download the Paytm App from Playstore :- Click Here


Mobikwik wallet :-

mobikwik - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
image courtesy:- mobikwik.com

Mobikwik is an Indian company founded in 2009 is a mobile phone based payment system and digital wallet for payment system and digital wallet for payment and Mobikwik is headquartered at Gurgaon India founded by Bipin Preet Singh, UpasanaTaku.


Mobikwik is owned by one Mobikwik systems Pvt Ltd. In 2012 mobikwik introduces wallet system for bill payments and other features (utility payments). Mobikwik wallet is authorized by RBI in 2013. Mobikwik wallet has unique features likefund transfer, recharge mobile, mutual fund investment. Its also tie up with Bajaj finance limited for introduction finance services like Electronic loan, EMI facility through mobile apps.


Awards:- In 2014 Mobikwik won the Billionth award for Asia in the category of mobile business for socially valuable contributions to south Asia’s digital infrastructure. It is the best app to invest in digital Gold Insurance mutual funds directly.
Mobikwik has the best interface in UPI apps its hows our mostly used buttons. Like pay to merchant/Transfer money. You can add money to wallet easily through a single click process.


It also helps user with auto recharge mode, which makes people no need to remember the date for recharge and pay bills. Also, you can set some remainders for the future payments Mobikwik expenses manager helps user to track their expenses for the previous month.

Download Mobikwik App from Playstore :- Click Here

BHIM SBI:-

Bhim SBI Pay  - Best 5 UPI payment apps In India- Why Google Pay is the Best for UPI Payment?
image courtesy :- Bhim SBI.com


BHIM SBI is known as SBI pay developed by state bank India. SBI pay is a UPI payment application specially used for money transfer inter banking with UPI facility. BHIM SBI introduce by State Bank of India in association with BHIM. It has a clear and beautiful dashboard helps people to find what they need at the dashboard. They didn’t confuse user with many options in the dashboard.
You can recharge, bus ticket booking, Hotel, Flight, DTH, Donation. It has also features like Scan and Pay/Receive all transaction history at dashboard you can check and find previous history transaction with one step.
SBI is a very secure bank in today’s time, SBI manage various internet banking apps it is also a very good UPI app with top security. User need to register a 6 digit Mpin/Password to open the app. It makes BHIM SBI is one of the top time secure UPI apps.

Download BHIM SBI App from Playstore : Click Here

Comparision of Top 5 UPI apps

Apps

PhonePe

Google Pay

PayTm

Mobikwik

BHIM SBI

CashBacks

Yes

Yes

Yes

Yes

No

Fast Tag

Yes

Yes
Yes

Yes

No

Payment Gateway Support

Yes

Yes

Yes

Yes

Yes

Third Party App Support

Yes

Yes

Yes

Yes

No

Online Recharge

Yes

Yes

Yes

Yes

Yes

Utility Payments

Yes

Yes

Yes

Yes

Yes

Financial Investment

Yes

No

Yes

No

No

Web Interface

No

No
Yes

No

No

Multiple Language Support

Yes

Yes

Yes
Yes

Yes

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Conclusions:-

After introducing UPI payment option in India by NPCI in 2016, its give a revolutionary change in an online transaction through mobile. All Upi payments app developed day by day to attract customers to their apps. UPI transaction is very much secure and its reliable. Revolutionary change in Digital payment system.


UPI user has different options to transfer money between the accounts also pay credit cards, utility payments with faster credit confirmation. UPI transaction helps India and Indian economy to digitalize its transaction instead of huge time consuming method like cash and cheque transaction.

Copywright :- All images used in this article are used from various website. Copywright is reserved to that parent website. All the images are used for information purpose only.

DEBAJIT BARMAN

Owner of Smartearning.in has 5 years of digital marketing experiences. He specialist in Google SEO, Optimization of Google My Business, Blogging, local search engine SEO, Social Media marketing, help local & national business successful online presence. And grow their business to boom, and get more visibility over search engine and get more customers. Debajit holds a master of Digital Marketing. His organisation smartearning and Best Digital India helps many business to grow exponentially to a higher levels and increase their sales . He is one of the best blogger as Assam India. Contributing guest blogs to many sites Moz, Medium, SCORE. You can reach him at barman.deba78@gmail.com or 970-637-4069

This Post Has 4 Comments

  1. Nitesh

    Wonderful article it help to understand better.

  2. NEKITA SINGH

    I really liked your article with a proper amount of information , which is so upto the point .. In this whole article you’ve explained precisely about the UPI with its sheer advantages and disadvantages , along with a pinch of authentic facts and government reports . Moreover , the rest options of online transaction apps gives the reader a wider view of the app , their uses and also their pros and cons .

    Beautifully you have jotted down every important points which gives this article worth a read , Debajit Sir .

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