Money transfer apps have enabled easy transmission of money in India. You can now transmit money from anywhere and anytime online. More and more apps are being introduced every day and it can be overwhelming to choose the best one. For this reason, we have come up with a list of the top 25 money transfer apps in India with their Play Store ratings and key features.
25 Best Money Transfer Apps with Their Playstore Ratings
Money Transfer App | Play Store Rating |
WISE | 4.7 |
BHIM | 4.6 |
PhonePe | 4.4 |
Google Pay | 4.3 |
MobiKwik | 4.3 |
Freecharge | 4.3 |
BHIM SBI Pay | 4.3 |
BHIM Baroda Pay | 4.3 |
Kotak811 | 4.3 |
Airtel Thanks | 4.3 |
My Jio | 4.3 |
YONO (By SBI) | 4.2 |
Ultra Cash | 4.1 |
BHIM Axis Pay | 4.1 |
Amazon Pay | 4.1 |
Payzapp | 4.1 |
WhatsApp Pay | 4.1 |
Pay Pal | 3.8 |
Pockets | 3.6 |
Paysend | 3.2 |
BHIM Yes Pay | 3.2 |
PayUMoney | 3.1 |
Ola Money | 2.5 |
Western Union | 2.4 |
1. Wise
Key features and benefits
- Makes use of the real, mid-market exchange rate for every transaction
- Has one transparent low cost fee.
- There is no maximum or minimum amount for a transfer
- Enables you to send money directly to local bank accounts in India from 59 countries.
2. BHIM
Key features and benefits
- Tracks your transaction history
- Quick code scan and pay features
- Helps you to create, change, or reset your UPI PIN
- Helps in quick access.
3. PhonePe
Key features and benefits
- Simple to user interface
- Facilitates quick bill payments and mobile recharges.
- Facilitates bill autopay option
- Merchant payment and fund transfer can be done easily via QR scans
- Offers rewards and cashback.
4. Google Pay
Key features and benefits
- Contactless technology enables contactless payments .
- Helps in transferring cash to relatives and friends
- Facilitates group contributions and bill splitting.
- Facilitates buying of products online or through applications.
- Pay for public transportation.
5. MobiKwik
Key features and benefits
- Cash transfer can be done quickly
- Online shopping features are available
- Rapid mobile recharge
- Attractive offers are available
- Hassle-free cash pickups and deposits
6. Freecharge
Key features and benefits
- Hassle-free money transfer
- Hassle-free deposit of cheque with the bank
- Safe payments powered by Axis Bank
- Comfortable UPI account setup process
7. BHIM SBI Pay
Key features and benefits
- Fast cash transfer
- User-friendly interface
- QR scan options are available
8. BHIM Baroda Pay
Key features and benefits
- Money may be sent and received quickly
- Request for agent and bulk collection
- Safe and dependable fund transfer processes
- 24/7 customer service
9. Kotak811
Key features and benefits
- Beneficiary registration process made easy
- Set up ‘favourite’ beneficiaries
- Easy interface for beginners
10. Airtel Thanks
Key benefits and features
- Instant transfer of money
- Enables online settling of bills
- Send money instantly
- Enjoy multiple offers
- Fast customer service
11. MyJio
Key features and benefits
- Make everyday payments online
- Get Aadhaar-based banking facilities online
- Quick transactions
12. YONO (By SBI)
Key features and benefits
- Beneficiary registration and subsequent transfer of funds take place in the same work process.
- Using the clever search ability, the user can search for the beneficiary’s IFSC code.
- Auto population facility of the beneficiary information for most used fund transfers is available.
- A clever search tool which enables the user to search for a particular recipient from the comprehensive beneficiary list.
13. Ultra Cash
Key features and benefits
- Fast and convenient to use
- Get credit, offers and loyalties
- No cash, card, or wallet required
- You can pay bills and recharge mobile numbers online
- Supports all major cards and banks
14. BHIM Axis Pay
Key features and benefits
- Account number and QR code scan
- Easy money collection through virtual payment ID
- Convenient money transfer through the mobile number.
- User-friendly interface
- Transfer money via virtual payment ID.
15. Amazon Pay
Key features and benefits
- User-friendly interface
- Easy transfer of one-time payments to instalments
- Real-time transaction
- Facilitates easy transfer of one-time payments to instalments
- Easy transfer of money from the online wallet to the bank account
16. Payzapp
Key benefits and features
- Transfer money via QR scans
- User interface that can be used easily
- Money transfer is hassle-free
17. Whatsapp Pay
Key features and benefits
- All the information in one place right from money transactions to receipts
- Direct bank transfer
- The set-up process for quick money transfers is simple
- Direct bank transfer
18. PayPal
Key features and benefits
- Hassle-free global transactions.
- User-friendly interface.
- Multiple currencies are supported
- Enable cloud integration
- Supports multiple currencies
- PayPal Buyer Protection makes the customer’s shopping experience hassle-free
19. Pockets
Key benefits and features
- Wallet can be created with ease
- You can shop anywhere with VISA
- Instant money transfer is possible
- Attractive deals
- Excellent customer service
20. Paysend
Key features and benefits
- Global coverage
- Transaction is processed instantly
- Bank-level transaction security
- Transfer of funds is fixed and displayed before the transaction
21. BHIM Yes Pay
Key features and benefits
- Instantaneous mobile recharge and bill payments
- Vouchers are available for purchases
- Transfer funds online and instantly.
22. PayUMoney
Key features and benefits
- Easy recurring payment setup via subscription feature
- Same-day settlements can be done
- International payments
- Same-day settlements are available
- Easy payouts
- PayU Assist customer service which is easy and quick.
23. Ola Money
Key features and benefits
- Hassle-free money transfer
- You can pay for everything online
- Secure transactions.
24. Western Union
Key features and benefits
- Supports international transactions
- Online registration is quick and easy
- Money can be sent online instantly
25. Jupiter
Key features and benefits
- Insights providing real-time expenditure analysis
- Networth to track the growth of your wealth
- Has a portfolio analyzer to track your mutual funds
- Online payment methods like NEFT/RTGS/UPI are free of charge
- International money transfer is supported
Disclaimer: The key features, benefits, and play store ratings of the money transfer apps specified above are as of 01/04/2024 and are subject to change. For exact features and benefits, refer the website of the money transfer app.
Conclusion
Money transfer apps help in transmitting money anytime anywhere. With the digital era at its best speed, you no longer have to stand in long queues at banks for money transfers. Money transfer apps are built with advanced technology to enable easy use and functioning.
FAQs on Money Transferring Apps
1. Are money transfer apps safe?
Most money transfer apps are safe and have preventive measures attachedto them. It is your responsibility to be able to identify a potential scammer and protect yourself from falling a prey to their schemes. Here are some guidelines to keep your money transfer safe.
- Ensure that you are transferring money to the correct individual. Check for spelling errors, additional letters, etc.
- Only send money to friends, family, individuals, or sellers you know are trustworthy.
- Add protection features to the app through pins, fingerprint identification, two-factor authentication, and more.
- Be cautious when shopping at online marketplaces. Check for errors such as grammar mistakes, “only shipping” options, incapability to confirm who the seller is, etc.
- Ensure that you have social media safety practices in place especially when building a relationship with someone that is strictly through the online platform.
2.Is Google Pay Safe?
When you pay with your Android phone, Google Pay does not divulge your real credit card number to the business. So, your payment info stays protected.
