Best 5 Payment Apps In India

2024-02-28
Agam Gill

1. Google Pay, also known as GPay, is a mobile payments application developed by Google. It has been rolled out in India, Singapore, and the United States. It is scheduled to shut down in the United states in 2024, with functionality merged into the Google Pay website and Google Wallet.

2. PhonePe is an Indian multinational digital payments and financial services company headquartered in Bengaluru, Karnataka, India. PhonePe was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface (UPI), went live in August 2016.

The PhonePe app is available in 11 Indian languages. Using PhonePe, users can send and receive money, recharge mobile, DTH, data cards, make utility payments, pay at shops, invest in tax saving funds, buy insurance, mutual funds, and digital gold.

PhonePe is licensed by the Reserve Bank of India for the issuance and operation of a Semi Closed Prepaid Payment system.

3. Paytm (an acronym for "pay through mobile") is an Indian multinational financial technology company, that specializes in digital payments and financial services, based in Noida, India. Paytm was founded in 2010 by Vijay Shekhar Sharma under One97 Communications. The company offers mobile payment services to consumers and enables merchants to receive payments through QR code payment, Payment Soundbox, Android-based-payment terminal, and online payment gateway. In partnership with financial institutions, Paytm also offers financial services such as microloans and buy now, pay later to its consumers and merchants.

Apart from bill payments and money transfer, the company also provides ticketing services, retail brokerage products and online games.

Paytm's parent company One97 Communications was listed on the Indian stock exchanges on 18 November 2021 after an initial public offering, which was the largest in India at the time. For the fiscal year 2022–23, Paytm's gross merchandise value (GMV) was reported to be ₹13.2 lakh crore (US$170 billion).

4. BHIM (Bharat Interface for Money) is an Indian mobile payment app developed by the National Payments Corporation of India (NPCI), based on the Unified Payments Interface (UPI). Launched on 30 December 2016, it is intended to facilitate e-payments directly through banks and encourage cashless transactions. It was named after Dr Bhimrao Ambedkar.

The application supports all Indian banks which use UPI, which is built over the Immediate Payment Service (IMPS) infrastructure and allows the user to instantly transfer money between 170 member banks of any two parties. It can be used on all mobile devices.

APEXOne is an Indian Fintech Services Platform founded in 2022 that provides digital payments services as Recharges, Bill Payments, Direct Money Transfer, Digital Accounts - Banking & Demat, Credit Cards, Investments & Many More.

APEXOne is also an Earning App for Users. You can earn unlimited by referring our digital products to your near and dears as Financial Consultant.

APEXOne is an earning platform/App where anyone can become our Financial Consultant and start sharing our financial products like Demat Accounts, Saving Accounts, Credit Cards Personal/Business Loans, Insurance, Trading Tools and Many More to the needy & get a handsome Commission/Incentives.

Users also get special discounts on their spendings on particular products & Services.

We have also APEXOne Partners Program in which you can become our partner and get active & passive income benefits throughout lifetime. It is a golden opportunity to self employment for you to grow fast.