Popular online payment apps in India

 

1. Paytm.

Founded in August 2010 and billed as India's most loved payments app, Paytm has witnessed remarkable growth and regularly features among the top 3 UPI apps in India. More than 2 crore merchants in India use the Paytm platform to accept payments directly to their bank accounts.

The founder of Paytm, Vijay shekhar Sharma, is an Indian technology entrepreneur and business magnate who has played a pivotal role in revolutionizing digital payments in India.

Open the Paytm app and log in. From the “My Paytm” section, select “Balance & History.” The payment history screen will be displayed. Click on a specific transaction to see a detailed overview, including the date, amount, and payment method.

Paytm, with over 350 million active users, constituted the highest user base in digital payments in India for the year 2018. This was followed by PhonePe, which had a user base of 118 million.

One97 Communications Limited was founded in 2000 by Vijay Shekhar Sharma in New Delhi. The company is headquartered in Noida, India. It launched Paytm in 2009 as a digital payments platform to facilitate cashless payments.

2. Google Pay.

Google pay, often known as Google pay, was established on May 26,2011.On September 11, 2015, the name of this online payment system, which had previously been known as Google Wallet, was changed to Android Pay.

If you are 16 or older but under 18 years of age (or the legal age of your country, if greater),you must have your parent or legal guardian's permission to use google pay and to accept the Terms. In order to use the Google Pay app, you must be 18+.

To avoid any kind of cyber fraud, GPay allows you to request a maximum limit of ₹2000 in a day via the Virtual Payment Address (VPA) in UPI. When you download the Google pay and register as a first time user, the first transaction limit on Google pay is also ₹1,00,000.

Can you use Google pay without a debit card? Yes, Google pay works with UPI and only thing you need for UPI registration is an active bank account and a mobile number linked to it. This mobile number should be active and in your phone on which you are registering Google Pay.

3. Amazon Pay.

Amazon Pay is an online payments processing service owned by Amazon. Launched in 2007, Amazon Pay uses the consumer base of Amazon.com and focuses on giving users the option to pay with their Amazon accounts on external merchant websites.

Select a payment method from your Amazon account to complete the payment and complete the checkout process.Your Amazon pay account will be automatically activated once you make your first payment.

You can go to the Amazon pay page and set up Amazon pay UPI if you haven't already; Amazon Pay will by default enable this capability for you. If you have already signed up for UPI, then you can click on the "UPI Number" widget on the page (use mobile number/8-11 digit number to receive money) to enable in one click.

Completing Full KYC/ Online verification 2. Register UPI ID for Amazon pay wallet. After completing these 2 steps, as a Full KYC PPI user, you can Send/Receive money to anyone from your Amazon Pay Wallet.

What does it cost me to use Amazon Pay? It costs you nothing. Using Amazon Pay adds no fees to your transaction with the merchant. Your purchase incurs no transaction fee, no membership fee, no currency conversion fee, no foreign transaction fee, and no other fees.

4. JIO Money.

JioMoney is a safe and secure way to make digital payments across physical and online channels. You can make instant bill payments, do mobile/DTH recharges, pay at thousands of online & physical stores, and much more. You can also link your cards and bank accounts with JioMoney.

JioMoney is an Indian mobile wallet. Users load money via their credit/debit card or bank account. Once loaded with credit, JioMoney can be used to make purchases online or in-store as well as send money to friends and family.

Jio payments Bank. Everyday banking, payments and financial services. You can make recharges, pay bills, transfer money and much more from your Jio Payments Bank account through your MyJio App or by visiting a Jio Payments Bank outlet nearest to you.

Mr Hitesh kumar Sethia is the President and Chief Executive Officer of Jio Financial Services Limited. He is a fellow member of the Institute of Chartered Accountants of India. He has completed the advanced management program from Harvard Business School.

One must be a citizen of India. The individual should be 18 years and above to meet eligibility. In the case of minors, the parents or the legal guardians of the minor can open the account on behalf of the minor.

5. Freecharge.

Founded by CRED founder Kunal Shah and Sandeep Tandon in 2010, Freecharge is a digital payments provider, offering services such as mobile recharges, bill payments and more via the UPI network and its native wallet.

Before joining Freecharge, Mohit Jain worked with Axis Bank for more than 16 years. Freecharge, a payments startup, owned by Axis Bank; has hired Mohit Jain as its new MD and CEO after Siddharth Mehta quit the dual position last month.

Freecharge is a digital payments and financial services company based in India. It was founded in 2010 and was one of the early players in the Indian digital payments market.

Freecharge lost to its competitors Paytm and mobikwik when it came to aggressive on-ground campaigning, challenged by limited funds in the bank.In an interaction with Moneycontrol, Govind Rajan the then CEO justified low marketing saying that the company was not targeting low ticket transactions like its competitors.

Of the 50-odd entities who have received the RBI's in-principle Authorisation, 32 are existing entities that were operating as online PAs and 19 are new ones. Freecharge payment Technologies and Tapits Technologied, whose application was returned last time, has applied again.  

Axis Bank acquired Freecharge from Snapdeal in a Rs 385 crore ($60 million) deal in July 2017. Before that, Freecharge's original founders Kunal Shah and Sandeep Tandon sold the wallet platform to Snapdeal for about Rs 3,000 crore ($400 million) in April 2015.

Freecharge was purchased by the third-largest private bank in FY18, a year in which 

the company had a loss of Rs 81 crore and an income of Rs 23 crore. But since then, Freecharge's size has increased 12.5X while still turning a profit.

Freecharge UPI is an option to send and request moner via UPI (United payment interface)

which allows you to instantly send and request money to an individual using any bank's account for free, It allows users to transfer money instantly without knowing the sender's or receiver's bank details.

6. Yono SBI.

SBI's foreign operations have a total balance sheet size of USD 78 billion. Singapore: State bank of India (SBI) will soon launch its banking mobile app 'Yono Global' in Singapore and the US,offering digitalized remittance and other services to its customers, Vidya Krishnan, Deputy MD (IT), said. YONO LITE SBI is State Bank's mobile banking application for retail users.

Yono (You Need Only One) mobile app and website was launched by SBI in 2014. It is an integrated digital banking platform of SBI to enable its customers access to a variety of financial services offered by SBI and its subsidiary companies.

Tono Lite, as the name suggests, is a lightweight app version of Yono SBI App. Yono Lite, though being lightweight app, is fully functional and fully featured pack. Yono SBI is the same. Yono Lite is preferred for pure banking needs like fund transfer, UPI payment, nomination, etc.

As mentioned above,SBI YONO provides a very safe and secure forum for the customers to transfer funds.This facility can be accessed by the customers from anywhere and at any time. The procedure to transfer funds from the customer's account is stated hereunder.

With 54 million monthly active users (MAUs), SBI YONO has hit the number one slot in the global list of top neo banks across the globe with a growth of over 35 per cent in MAUs in 2021 according to latest data from App Annie.

State Bank of India, the country's largest public sector bank, has launched a unified integrated app called YONO (You Need Only One) that would offer all kinds of financial and lifestyle products.

Introduction. SBI YONO stands for You Only Need One. This is a digital banking app launched by the State Bank of India (SBI) to be a one-stop solution for banking, lifestyle, insurance, investment, and shopping needs.

7. Airtel Money.

Airtel Payments Bank is an Indian payments bank with its headquarters in New Delhi. The company is a subsidiary of Bharti Airtel. On 5 January 2022, it was granted the scheduled bank status by Reserve Bank of India under second schedule of RBI Act, 1934.

Airtel Thanks customers, who do not have an existing Airtel Payments Bank account, get an instant credit of Rs. 52 when they sign up for Airtel Money wallet or Airtel Payment Bank account. Airtel Payments Bank was launched in January 2017, by Bharti Airtel, India's largest telecom provider, to support the cashless revolution promised by the Government of India.

This service allows you to access money from your Bank account to your Airtel Money account 24/7. You can use the money to pay for your utility bills, send money across networks, buy goods and services, or utilize other Airtel Money services. All Airtel Money payments are free to the subscriber. Merchants will however pay a small commission to Airtel to facilitate the payment.If you are using an Airtel prepaid number and recharge it using the Airtel Thanks app, then you can avail yourself of a free 2GB data coupon. However, it is important to note that this 2GB free data coupon is only available for select recharge plans.

What is Airtel UPI and how safe is it? UPI apps have a verification process put in place to ensure the complete security of your payments. At the time of registration, you will complete a mobile number verification. This number will get linked to your UPI account, making it a form of identification.

Airtel Flexi Credit also offers short-tenure loans to users who are looking for a quick and flexible way to get financial assistance. Choose your own credit amount and EMI repayment options so that paying back your short-term loan is effortless.

8. Payzapp.

You can transfer money from your Payzapp account to your bank account after completing your full KYC. Money transfers to the Bank account are not permitted for non-KYC users. You can transfer up to 1 lac (weekly) from Payzapp to a bank account following the successful completion of comprehensive KYC.

The PayZapp transactions limits are ₹10,000 per month for non-KYC Accounts and ₹200,00 per month for KYC-compliant customers. Is PayZapp safe to use?

The e-commerce boom HDFC Bank launched a mobile phone application on June 15, 2015, PayZapp, to carry out online payments and money transfer. In PayZapp, SmartBuy would help drive with the payment procedure.

To get cashback for paying for groceries, tourist trips and entertainment make payment through PayZapp. Details: The promotion only applies to online purchases. Details: The maximum amount of cashback is 3,000 rupees per month, including all expenses.

HDFC PayZapp is a mobile payment solution that offers a wide range of benefits to its users. It allows for easy and secure payments, as well as the ability to make purchases, pay bills, and transfer money. Additionally, it offers cashback and discounts on transactions made through the app.

PayZapp Card is a safe mode of payment, with increased levels of security to prevent unauthorized use. Moreover, it gets regularly updated, providing the best protection against new or evolving threats.