Every people in India have a bank account and more than 1500 million people in India use a smartphone. And it’s estimated that more than 60% of smartphone owners use mobile wallets or UPI. So in this article, I am going to tell you best UPI app.
What Is UPI?
Unified Payments Interface (UPI) is an instant real-time inter-bank Mobile Payment system developed by National Payments Corporation of India. UPI is a pure Indian payment system which is Introduced on 11 April 2016 after demonetization. UPI is providing the facility to use multiple bank account in one place. By using any UPI enabled bank; UPI App, you can instantly transfer funds between two bank accounts. As of June 2019, more than 142 banks live on UPI with a monthly 754.54 million transactions and value of ₹ 1 lakh 46 thousand crores. So in this article, I am going to tell you best UPI payment app.
Best UPI app in India
More than 143 Indian banks live on UPI platform. If you want to use UPI app there is top 8 UPI app in India.
- Google Pay
- Phone Pe
- Paytm UPI
- AXIS Bank UPI
- Freecharge UPI
- SBI UPI
- BHIM App
- Mobikwik App
Google pay is number 1 UPI payment app in India. More than 55% of UPI user use google pay. Google pay is powered by top 4 Indian banks; State Bank of India, HDFC Bank, ICICI bank, And AXIS Bank. Google Pay is the most secure UPI payment app in India. In other countries, google pay offers NFC payment service but in India google pay offer UPI payment.
By using Google Pay you can pay all your bill like Postpaid Mobile bill, Electricity Bill, DTH Bill, Mobile Recharge and you can book a Train ticket, movie ticket, etc. And By using Google Pay you can pay all types of Merchant payment in India.
Phone Pe is leading UPI payment app and mobile wallet app in India. PhonePe is powered by yes bank. Phone pe is a very user-friendly UPI payment app compare to other UPI app.
By Using Phone Pe You can pay all your bills like postpaid mobile bill, DTH bill, electricity bill, credit card bill, landline bill, broadband bill, gas bill, water bill, municipal tax, and you can also recharge a mobile phone, and you can also pay your insurance policy amount, by using phone pe you can buy gold and you can invest in tax saving funds.
Paytm one of the most popular and user-friendly app in India. In India, everyone use paytm wallet for daily expenses almost all shopkeeper are accepting payment through paytm. Paytm also offer UPI payment services. Paytm Grabs 33 Percent Share Of UPI Payments In India.
By using paytm UPI payment service you can recharge your paytm wallet and you can shop through paytm mall and you make all types of UPI merchant payment.
AXIS bank UPI app is not good for personal uses. You can use the Axis bank UPI app for business purpose because Axis bank UPI app provides you multiple UPI id that means 1 UPI id for 1 bank account. Axis bank is known for multiple Virtual Payment Address or VPA.
free-charge is a Gurgaon based Fintech startup and now owned by axis bank. Freecharge app is known for cashback. By using free-charge UPI, you can pay all your bills like postpaid mobile bill, DTH bill, electricity bill, credit card bill, landline bill, broadband bill, gas bill, water bill, municipal tax, and you can also recharge a mobile phone.
SBI UPI PAY
BHIM SBI UPI pay is a very secure app in India. This is State Bank of India official UPI app. By using SBI UPI, you can pay all your bills, and you can make all types of UPI merchant payment.
BHIM (Bharat Interface for Money) is official UPI app, developed by the National Payments Corporation of India (NPCI), It was launched by Prime Minister Narendra Modi at the DigiDhan Mela at Talkatora Stadium New Delhi on 30 December 2016.
Mobikwik is very popular wallet and UPI app. Mobikwik is known for fast mobile recharge. By using Mobikwik UPI, you can pay all your bills like postpaid mobile bill, DTH bill, electricity bill, credit card bill, landline bill, broadband bill, gas bill, water bill, municipal tax, and also you can buy a mutual fund.