Online Payments are becoming one of the most convenient ways of making payments as people are getting quite busy these days. Here are the best picks for you to send money online and perform digital transactions with ease.
The rapidly changing new technologies are influencing people to adopt new ways and mobile payments are one of them. The change in lifestyle and importance of time is fostering the generation to move ahead by encouraging digital & cashless payments that saves lot of their time. Since the demonetization in India, it became the necessity of people to move towards cashless and digital mobile payment apps.
Taking advantage of this situation in India, the mobile payment apps like- Paytm, BHIM, Mobikwik etc. have revolutionized ways to pay with your smartphone. Initially these apps were more focused towards providing consumers to pay for bills and recharges but now they are stepping ahead to offer more comprehensive payment solutions to the consumers in various ways. In order to align with the virtual banking ecosystem in India, these apps also made E-KYC mandatory that was inclined towards offering trust to the users while making online transactions and payments with ease and convenience. This digital payment solution has changed the payments landscape in India.
Check Out these Essential Android Apps to make most out of your smartphone!
Government Influenced Digital Banking Growth
The government has launched UPI, referred to as Unified Instant Payments have influenced banks to opt for simplified transaction solutions. It became very easy through UPI to make payments and transfers to any bank within the banking ecosystem. The BHIM is one such app launched by government to facilitate UPI transactions. It allows users to transfer and ask for money through UPI. According to stats offered by NPCI, 190 million transactions have successfully completed on the platform since its launch.
What are the benefits of Mobile Payment Apps?
The digital payments are quite convenient as you really don’t need to go physically to the bank to make transactions. Whether you want to pay your insurance premium or transfer money to other bank accounts, the mobile payment apps can make it possible on your tips. There are various apps offering incentives and cashbacks on performing digital transactions. It is offering ease of accessibility to banking services.
Is your Internet Running too Slow? Check out these best apps to make internet blazing fast.
How to Send Money Online by Mobile Payment Apps
BHIM
This is UPI (Unified Payment Interface App) based application that allows you to perform instant money transfer without even need to remember complex bank account details. You can easily transfer money through the UPI ID or Mobile Number. This is an useful app to transfer money easily to your friends and family members instantly.
How to Use BHIM App to Send Money Instantly
- Download BHIM app from Google Play Store.
- Add the Bank Account Details through your Registered Mobile Number.
- Add the passcode once the bank accounts get successfully confirmed.
- Send or Receive money through mobile no, UPI ID or account no.
Google Pay(Formerly Tez)
Google Pay is one the best online payment app which lets you send money easily to any bank account conveniently. It offers you incentives in the way of scratch cards if you perform any online transactions using this app. The scratch cards can be redeemed for cashback money that ranges from Rs. 50-500. This is the best way to receive incentives in the form of cashbacks on making online payments.
How to Use Google Pay to Send Money Instantly
- Download Google Pay app from Google Play Store.
- Set It up according to the on-screen instructions to add bank account through Registered Mobile Number.
- Select Tez mode to select pay or receive option.
Paytm
The Paytm is the widely used e-wallet app to send money instantly through UPI. This app not only offers you to transfer money but you can also book tickets, shop for the favourite clothes and lots more. The Paytm also offers cashbacks on digital purchases and transactions. It also offers virtual debit cards to the consumers.
How to Use Paytm to Send Money Instantly
- Download Paytm from Google Play Store.
- Login and Signup.
- Navigate to Money Transfer Icon.
- Transfer money through UPI ID or Mobile No.
Tired of your old phone? Find ways to sell old mobile and get best resale value online.
Jio Money
Are you worrying about How to send money by Phone? Jio Money is the perfect app to transfer money to other phone no. or bank accounts just through UPI ID or Mobile no. at no-time. This app is pretty simple to use and also provide various offers to the users if they pay for digital transactions through Jio Money.
How to Use Jio Money to Send Money Instantly
- You can send money from Jio Money through Jio Chat App.
- Open Jio Chat App and Select Chat or Contact to send money.
- Click the rupee icon at the bottom to send money.
PhonePe
The PhonePe is fast and convenient solution to transfer money instantly and pay for bills and credit cards. This app also offers exciting cashbacks and incentives to the users if they perform online transaction from the app. Apart from this, you can also book cabs, buses and Hotels through this app.
How to Use PhonePe to Send Money Instantly
- Download PhonePe App from Google Play Store.
- Sign Up and Set Your Bank Account & Pin.
- Click Money Transfer option to transfer money.
The Digital India initiative has also inspired mobile phone users to move to digital payments so as to receive great benefits by performing online transactions. It doesn’t only offer you ease of access to the payment services but also helps in setting you free from the hassles of hard cash. If you have ever missed out or lost your wallet in public places, these apps might never make you lose money from the next time.
Are you looking for an answer of How to Sell My Phone? Now you can sell old mobile instantly without any hassles of negotiations. Sell Now at InstaCash.
You must be logged in to post a comment.