Mobile Wallets In India | List Of Top 05 Money Transfer App

Mobile Wallets In India

Today, the majority of the youth and others prefer to perform a transaction via online methods. Nowadays, there are many options and various Mobile Wallets In India, which helps the individuals to pay for their day to day transactions and banking transactions easily and efficiently. Mobile wallets are the virtual online wallet where anyone can keep and store his/her cash and can perform various transactions with it like bank transfer, mobile recharge, online payment, etc. There are numerous Mobile Wallets In India. Here is the list of top 05 money transfer apps; you are suggested to go through the below information of this article and check the details.

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List Of Top 05 Money Transfer App

  1. Paytm
  2. Google Pay (formerly known as Tez)
  3. BHIM Axis Pay
  4. PhonePe 
  5. Mobikwik

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Paytm

Nowadays Paytm is one of the largest money transfer applications in India. It offers quick payment and digital wallet option to its users. The Paytm was launched in the year 2010, and the founder of Paytm was Vijay Shekhar Sharma. Paytm customers can easily load the money in the Paytm wallet and make the transaction with merchants and other users who have functioning tie-ups with the company. It makes the transaction fast, easy, and simple. One can Paytm perform e-commerce transactions, bill payments, bank transfer, entertainment, and others. The Paytm has a revenue of 3,579 crores INR in the year 2019. It has 100,000,000+ Number of installs on the Android play store.

Google Pay (formerly known as Tez)

Google launched Google Pay on 11 September 2015 as Android Pay, and later, it was relaunched on 08 January 2018 as Google Pay. It is a digital wallet platform and also provides the facility of online payment. It is available for Android, iOS, and Microsoft Windows. You can pay the bills, recharge your phone, transfer money to banks, etc. as the google trust is there so you can operate the google pay effectively and freely. Google Pay has more than 100 Million or 10 crore installs on the Android Play Store.

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BHIM Axis Pay

Bharat Interface for Money is well known for the BHIM. It is a UPI money transfer application. You can transfer the money directly to the bank account within few seconds. You can also do online recharges for DTH set-top boxes, mobile, etc. It has more than 1,000,000 installs from the Android Play Store.

PhonePe

PhonePe is one of the fastest-growing Mobile Wallets In India it was launched in the year 2015 that is 04 years ago. Currently, it has 100 million-plus installs at the Android Play Store. You can keep the money on the PhonePe wallet, and it also has the facility of the UPI payments. You can also pay bills, recharge, etc. from PhonePe. It has a good customer engagement have the safest and fastest online payment experience in India.

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Mobikwik

The MobiKwik is just like another mobile wallet; it also allows the user to transfer the money do online recharges and others. The smartest feature of this app is the “expense tracker.” The expense tracker allows the customer to set a budget for their expenses, and after setting the same, the user will be guided by the application only. It is a trustable and coolest Mobile Wallets In India.

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Munendra Singh

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