The world has become digital. Along with it, it is getting smarter. In today's date, you can transfer money online from your mobile only to any other person sitting in any other corner of the world, that too very easily.

In India, it had seen a lot in the last few years because when Demonetization took place, the government's main objective was to make the country's economy cashless by increasing online payments. This happened, and people liked it a lot, which came with a new way of dealing with Digital Payment.

After its arrival, many big companies, especially startups, started making new apps for online payment, and their number increased. Due to which people do not understand which app is good and which is not and which Online Money Transfer App we should use.

 

Best Money Transfer Apps in India

So in this article, we will talk about which are the Best Money Transfer Apps that you can use and save money. Before ranking the apps, let's know the basic features of the best money transfer application. 

 

#1 BHIM App

WhenDemonetizationn took place, and the government launched BHIM UPI App on30 December 2016 to Promote Cashless Economy. Its full name is Bharat Interface for Money which is India's first UPI app. With its help, you can do money transactions directly from one bank to another. Along with this, according to the government, BHIM App is used the most in India because –. Being UPI, it provides its services 24 hours a day, seven days a week, and 365 days a year.

• You can use it to send, receive money in Account, Mobile Recharge & DTH Recharge, etc.

• BHIM is Simple but Secure. It stays linked to your Aadhar card, and it works in all banks.

• With this, you can quickly check Bank Balance, View Statement and Transactions History, etc.

• You can do a transaction up to Rs 20,000 in it at a time, and it has a daily limit of Rs 40,000.

 

#2 Paytm

Who does not know that today Paytm is the most famous Online Money Transfer App in the country? Which was launched in 2010 by Vijay Shekhar Sharma, which has more than 1.5 crore downloads. Paytm's Full Form is "Pay Through Mobile."Bill Payment, Online Shopping, Mobile & DTH Recharge, Money Transfer and Receive can be made.

• Paytm being a UPI app, allows you to do transactions from one bank to another at any time.

• In this, you can make Real-Time Payment; that is, Transaction gets done in it.

• It is fast and secure. Also, it has many offers running in which you also get 100% cashback.

• It is accepted everywhere because each person gets a unique QR Code by scanning, which you can make payment to that person.

 

#3 PhonePe

PhonePe, which is a product of Flipkart, was launched in 2015. This is also a UPI Payment app that you can use just like other Payment Apps, along with its support for Bank Bank Transaction. You get many benefits in this

• It has a daily transaction limit of 1 lakh and up to 30 lakhs per month.

• It does transactions directly from your bank account, for which only a mobile number is required.

• This gives you more attractive offers than any other app from which you can get cashback.

• Being UPI provides service to you all the time. And

• Being popular because it is accepted almost everywhere.

 

#4 Google Pay (Tez)

There is a payment app developed by Google, which was earlier Google Tez but later modified and launched back19 Septembermber 2017 and was named Google Play. This is a UPI (Unified Payments Interface) payment app like PhonePe, BHIM, Paytm; you can use it – Can send or receive money to your Contacts.

• Online Payment or Recharge can be made.

• Can transact from one bank to another bank.

• It is Easy & Fast, as well as being a Google product, it is equally secure.

• You can register in this without an Aadhar card or ID proof only with a mobile number.

• Apart from this, it is famous for its rewards system.

• You can do a maximum of 1 lakh rupees and a maximum of 10 transactions in a day.

 

#5 PayPal

PayPal is the World's Best Online Payment Company, and it is an American company founded in 1998. If you want to send or receive money from outside India, PayPal is a good option. To create an account in PayPal, you will need your PAN Card, Email ID. With this, you can transact from your bank account anywhere in the world, and it is straightforward and safe. It gives you 100% security in payment and gives you great offers and coupons; currently, PayPal's transaction limits have been reduced to $10,000 at a time.