Last Updated: December 8th, 2020
Gone are those days when paying via credit cards worked out as the symbol of a reputation for us. With the continuous growth of the digital payment methods, we are living in a technological edge, making the payment digitally matters the most. It has led to the development of several online money transfer apps for easing the complicated payment procedures. It is never necessary to carry hard cash or credit/debit cards with us while going out for dinner with family or shopping.
Mobile Apps To Transfer Money
1. Venmo
Venmo is one of the popular applications owned by PayPal that supports hassle-free procedures of accepting and transferring the payments online. The super exciting feature of the app is its versatility and easy to use interface. All the transaction process via the app is completely free. Whenever you make payments via the Venmo account, debit cards, or directly from the bank account, it is not necessary to pay a fee for it. However, the app charges a 3% fee for the transaction with the help of credit cards. Both Android and iOS support the application.
10 Best Payment Gateways For Your E-Commerce Website Today
2. Google Pay
Google Pay is another feature-rich app for initiating the payment receiving and transfer process. Google Pay is a highly secured application protected by the Google security system. The individuals need to register by putting the mobile number that is similar to the bank accounts. Finally, the authentication is done using the received OTP from the system.
After mapping the phone number and bank information under it, you are ready to go. The interface lets you quickly transfer the amount directly from the assigned bank account. Every single activity is secured by the user’s identification, including fingerprint, pin, or the pattern locks.
3. PayPal
PayPal is the best and one of the best money transfer applications available. The system is renowned for redefining the payment process globally. The users need to create the PayPal ID and link the credentials with the available bank account. You are now ready to go for transferring and accepting the payments anywhere all across the world.
The individuals from any of the countries can send and receive the amount. Suppose a US-based citizen want you to receive the amount in US dollars, you can easily handle the procedures providing an ID. Finally, your fund will be transferred to the account linked to the ID. A nominal processing charge is deducted for the entire process.
4. Paytm
Paytm is the greatest ever inventions in the field of digital payment systems. Being proudly launched in India by Mr. Vijay Shekhar Sharma, the app is well suitable for sending and receiving the payments. Moreover, you can even recharge your phone, DTH, and transfer money to any of the bank accounts, UPI ID, and other systems. You get a wallet to store the cash inside it with an ability to instantly pay through it when necessary. You can even open the PayTM Payment Bank, or also link your other bank accounts under the interface. The savings bank helps you gain about 4% annual interest as per the current criteria.
The bank allows the users to have a digital debit card also that is available for free. You can also opt for the physical debit card by paying a nominal fee. The UPI system is provided to you in the format ‘mobile number@paytm’ like 8767987654@paytm for initiating the UPI transfers. You are here to experience the amazing purchasing experience using the interface.
5. PhonePe
If you are searching for money transfer app India, the PhonePe application is one of such since the time of introduction to the digital payment systems. You are here to experience diverse functionalities with the interface. Some of them include money transfer and receiving, DTH recharges, online bill payments, and others. You get the facility to transact up to INR 100000 with your friends and family anytime.
You are here to experience the facilities like mapping multiple bank accounts, check account balance, and add the beneficiaries as per the necessity. You can scan the QR codes and pay instantly at any of the stores and shopping malls. You even get the cashback benefits most of the time. The app has several millions of downloads in the play store.
6. BHIM
BHIM is one of the best Governments of India’s initiatives towards the digital payment system. The full form is Bharat Interface for Money with the capability to transfer and receive money under the monitored management of NPCI (National Payment Corporation of India).
This initiative approached all the Indian citizens soon after implementing demonetization in India during the year 2016. There never existed any trust issues with the app as it is authenticated under the strong technological management of the Government of India.
Using the app, you are here to transfer and receive money to any of the UPI/ Non-UPI accounts without any difficulties. The app never keeps the money but only helps you to transfer it from one account to another with minimal efforts. You need to create a QR for yourself using the app’s functionality to perform the digital transactions.
7. Mobikwik
Mobikwik is another important money transfer app in the category. The customers are free to use the digital payment app for using at any of the online or offline avenues. The application is compatible with all the available operating systems including Android, iOS, etc to name a few. In addition to use it for money transfer, one can even pay bills, EMI, DTH recharges, using the same. The app is having millions of downloads in the play store.
To sum up, there exist other similar money transfer apps including Apple Pay, PayUMoney, Payoneer, Payza, Western Union, and others. Money transfer app Zelle is one of the money transfer apps USA letting users send money across US banks. The interface makes the transactions incredibly easier with assured safety and security. Moreover, apps save time and effort while performing the payment process. Go ahead with any of the above and enjoy the digital payment experience.
No Responses