Our world saw the most dynamic changes in the field of transactions in recent times. With the present scenario, where COVID-19 is wreaking havoc, transactions have become smoother through the advanced technology, UPI. Many applications worldwide have inculcated UPI features in the app used for transactions, which has made the exchange process comparatively easier. Many banks, online shopping platforms, investing in cryptocurrencies and the stock market, and even the daily transaction process for purchasing groceries and other products could be executed with the help of some of the best UPI Apps.
UPI (Unified Payment Interface) is a digital mode of payment used to make and receive virtual money. The process is executed through a Virtual Payment Address (VPA).
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List Of Best UPI Apps In India
The feature was launched in India by Dr. Raghuram G. Rajan in 2016. Although this feature saw its introduction early, with the coming of smartphones, the maximum population became aware of it. Here is the detailed list of trending apps featuring UPI.
If asked which is the most preferred UPI app, undoubtedly, the answer would be PhonePe. It was introduced in the year 2015. According to the report of NPCI, the transaction through PhonePe was worth Rs 1,82,126.88 in December 2020, which surpassed the record of google pay. Apart from the UPI payment recharge, bill payments, loan repayment, paying credit card bills, etc., are other options available with this app, making the transaction process click a button. Furthermore, considering the current situation, PhonePe also added the option of Oxygen donation wherein the needy can have access to oxygen cylinders.
- Presence of wallet
- QR code
- Presence of security pin
- Attractive user interface
- Too many ads
- Outdated UI
Google pay occupies a special position among all the best UPI apps present in the market today. It was the first mobile payment app launched in India as ‘TEZ.’ According to the report of NPCI, in December, it saw a transaction of Rs. 1,76,199.33 with 854.49 million active users. This shows the growing user acceptance among people regarding online transactions through apps.
The app does not come with only one feature of transferring money. Individual calls make payment for food delivery, travel booking, and shopping too. It is one of the safest entities gaining the faith of the people in present times. The only disadvantage is it holds lots of advertisements in its domain, which is frustrating for users at times.
- Easy to use
- QR code
- Comes with a security lock
- Mobile Recharge, DTH & Electricity Bills
- Absence of wallet
- No disabling notification system
- Issues with a server at times
Paytm is the most widely accepted online payment UPI apps, especially if we consider the population of India. Whenever the concept of online transaction is presented, this is the first choice of the people.
It is one of the most popular apps which people prefer for making an online transaction. It has quick access to essential features making it more adaptable to the user.
- QR code scanning
- Security lock
- Paytm wallet
- More options to various payment
- Explaining banners
Bharat Interface for Money (BHIM) has an inbuilt capacity to provide faster, efficient execution. It is possible to locate the favorite shops that support UPI standards from the BHIM UPI app.
- Official app by NPCI
- Screen lock
- Custom UPI id
- Easy to locate shops
- UI element outdated
- Navigation sometimes fails
From the name itself, it is easy to predict why and where this UPI app is used. It is a service by Reliance Jio, which includes bill payments, mobile recharge code scanning, booking Jio fiber, and Jio Mart, etc. As the name suggests, all the transactions are made in the same domain that is ‘Joe.
- QR scanning
- Bill payment
- Easy to track transaction
- It is the only app
Even though Amazon doesn’t have a devoted Amazon Pay UPI app, you can utilize the UPI’s usefulness inside the Amazon Shopping application. One key benefit of Amazon Pay is the consistent combination for shopping using Amazon Pay Balance – Amazon’s advanced wallet. Like other UPI applications on this rundown, you can utilize Amazon Pay to send and get installments.
You additionally have versatile re-energize, charges, voyages, protection, gift vouchers, and that’s only the tip of the iceberg. Amazon Pay is quite possibly the most remunerating application with sufficient cashback and markdown offers. You can get to Amazon Pay from the Amazon application’s sidebar.
- QR code scanning
- Faster UPI transaction
- Amazon pay balance
- basic model
- only app
- not user friendly
Mobikwik is another choice you can consider if you need an element-rich UPI app. One unique part of Mobikwik is that you can produce UPI-controlled individual payment link joins in accepting cash from other UPI application clients flawlessly. Mobikwik additionally offers the adaptability of re-energize and charge payments, taking care of Visa bills, and substantially more. Mobikwik’s group has further pressed a cost supervisor to help you track all your spending and get an exchange history without depending on a cost tracker application.
- QR scanning
- Security Pin
- Expense tracker
- Personal payment link
- Ads with banners
- Potentially endured information penetrates yet denies it.