Best UPI Money Transfer Apps in India

Best UPI Money Transfer Apps in India

UPI apps have changed the way of making payments. Though slowly but they are replacing all other payment options including cash. Google play store is flooded with a lot of BHIM UPI apps. Some of them are best UPI apps and some are bad.

1. BHIM UPI App

The first UPI app in the list of best UPI apps is BHIM UPI app. This app is developed and released by NPCI(National Payments Corp. of India). It is perhaps the simplest and fastest UPI app available in the play store. The interface of the app is minimal with blue icons and white background.

You can easily access all its features using one click. User experience is very good with this App. I haven't faced any lag or hiccups while using this App.

2. Tez UPI App by Google

Finally, Google has also launched its UPI App in the Indian market. Google Tez App uses UPI service to connect to a bank account to carry out payments.

It's a very simple App with a lot of security features and a very simple interface to pay and receive money.

And now comes the Best part.

Tez gives you ₹51 for linking your Bank Account to it and making first UPI transaction.

Heck, I have earned 400 to 500 rupees just by referring people. Plus, Tez also gives a scratch card for sending or receiving ₹150 which gives more chance to earn money. There is also a Friday lucky draw that if we pay ₹500 or more we win a scratch card that can win us up to ₹1 lakhs. Give it a try ;)

3. PhonePe UPI App

PhonePe, a subsidiary of Flipkart, is also a UPI enabled App. It's very neat and clean app.

It has some more features like prepaid mobile recharge, postpaid bill payments, Broadband, DTH, electricity, water, gas, Visa credit card bill etc. which means you can directly pay all your mobile bills using UPI and the money will be deducted from account rather than loading money in the wallet.

It also offers some earning points. When you refer someone and they add Bank Account to their account and make their first payment they and you both get ₹75 cashback and 50% cashback on 5th UPI transaction. Which means ₹125 for free which can be used on Flipkart.

I referred this app to my friends telling them that if you want scientific calculator(we needed it in college) I will get you ₹125 off on Flipkart xD. That way I referred this app to 5 to 6 of my Friends and earned enough money to order myself a calculator for free ^_^.

4. Axis Pay

Axis Bank’s Axis Pay is a great UPI app. It has the cleanest interface among all the UPI apps. Developers have placed only two options on its home screen. One for sending money and another for requesting money. All other options are placed in the side panel which can be accessed by swiping from the left. It made the app slightly tougher to use than other UPI apps. You have to swipe the side panel every time you want to use a service other than send and request.

Axis Pay app is secured by an app 6 digit app password. The user experience is good as the app is fast enough to provide you seamless transaction experience. However, the app has more steps than most of the other UPI apps while sending money. You just need to add an account as a contact within the app before sending money.

Moreover, Axis Pay app does give you the option to generate a QR code. It can also pay using Bharat QR code.

5. SBI Pay

SBI Pay is the standalone UPI app of State Bank of India. The app is secure and easy to use. The user interface of the app is one of the simplest. User experience is also great as transactions can be completed with 3-4 steps only. The icons for almost all main services are placed on its home screen. And other options can be accessed with a single swipe from the left. It has all major UPI services comprising send and request money, balance inquiry and set/change UPI PIN aka MPIN.

Unlike BHIM, you can add more than one bank accounts in SBI Pay. You can select the preferred account from added accounts whereby you need not choose bank account every time. However, the app also has some drawbacks. One of them is app’s speed. The loading speed of the app is slower than a turtle. When I was testing the app, it took around 1.5-2 minutes to launch on 4G network. Although the speed improved after the app was launched. Download SBI Pay and enjoy its simplicity, ease and security.

Bonus App - PNB UPI

PNB UPI is another one of the best UPI apps available. The app is developed and released by Punjab National Bank. The interface of the app is pretty good but not as good as BHIM or SBI Pay. It lets you send and request money to your account to another. You can send money using VPA or IFSC and account number. It does not let you send money using mobile number only. The speed of the app is also decent. The app sometimes lags due to slow network connection. But if you have a good internet connection then there is no problem.

PNB UPI also allows you to pay by scanning a QR code. However, it does not have the option to generate a QR code. This can be very annoying especially for merchants and shopkeepers. All other services are present in the app such as set/change UPI PIN, balance inquiry, adding more than one account and viewing past transactions etc. If you do not consider the looks or QR codes more, then this app is for you. But if you prefer an app which should be clean and simple then go for another app.

UPI has completely revolutionized the digital payments in India. There is no more need for a third party Wallet service as you can do any kind of transaction using UPI and that will be directly deducted from your bank account.