5 Best Online Payment Apps in India 2019

 Best App for Online Payment

Best App for Online Payment: Gone are the days, when people used a crispy currency note to hand over the money for any purpose. Today’s generation believes in less cash and more of the online transaction. The trend of sending money virtually between friends and family is increasing and is more comfortable than handing over cash. There were times when the online purchase got scary as people were used to carrying cash, cheque, and money order. But over time, there have been many changes in the financial transaction and payments. The growing trend is of less cash and more of the online purchase. 

 Best App for Online Payment

About Mobile Wallet

Best App for Online Payment: A mobile wallet is a virtual mobile-based wallet where one can store cash for making mobile, online, or offline payments. There are many ways of online transaction like net banking, credit card or debit card transaction, and different applications. Mobile wallet is also commonly known as mobile money, mobile money transfer, and mobile wallet, which generally refer to payment services for financial transactions through mobile. There are around five conventional models for the mobile payments, and they are Mobile wallets, Card-based payments, Carrier billing (Premium SMS or direct carrier billing), Contactless payments NFC (Near Field Communication) and Direct transfers between the payer and payee bank accounts in near real-time. The standard process for all the mobile wallets is to register and provide the necessary details like phone number, name, and other essential information. This will generate the PIN or the OTP to register and login on the application. The Pin or the OTP is generated to authenticate the user and mobile number. Once the number has been verified, the consumer can now provide the bank account details or card details to begin the payment or transfer the money from bank account to the mobile wallet. Sometimes a consumer will need to enter the PIN twice for the security purpose. 

About Mobile Wallet

Now, with the various mobile wallet application available in the market, It would be undoubtedly difficult to choose which to rely on for payments. Mobile payments are becoming the critical instrument in day to day transactions and slowly replacing the old system of using cash and cheque. This article is an attempt to bring you the top five best applications that are good for the online transactions:-

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It has been more than a decade that the Paypal application has been in the mobile payment business. The app is an American company which operates a global online payment system. It is also in the online financial service, but the popularity is with a mobile area for this application.  A simple bank account, credit or debit card details need to be added whenever using Paypal. The application or online service also allows choosing which card or account to play with and can be set as the default payment option. The app enables paying for items from a vast number of online and brands stores, including restaurants, petrol stations, and traders. In addition to paying for things, the application allows receiving the money too from anyone. The application also allows transferring money from the app to the bank account. It has global reach too with countries like China, Crimea, India, Japan, Pakistan, Turkey, Israel, and Palestinian Territories. It supports online money transfers and serves as an electronic alternative to traditional paper methods like a money order or checks. This app is considered as one of the oldest apps in the world and is also globally accepted. 

 2) Google Pay

Google Pay

It is formerly known as Tez or G pay and is a digital wallet platform and online payment system. This application is developed by google with the primary purpose of the power-in app and tap-to-pay purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. The Google pay service offers a new API that allows suppliers to add the payment service to websites, apps, Stripe, Braintree, and Google Assistant. It is considered as the safest app for the online transaction as the application requires a screen lock be set on the phone, and it has no card limit. The app was initially launched as Android pay in the year 2015. The service was compatible with 70% of Android devices and was accepted around over 700,000 merchants. Currently, the app is available in many countries like United States, Canada, Brazil, UK, Ireland, Spain, Belgium, Poland, Czech Republic, Ukraine, Russia, Singapore, Hong Kong, Taiwan, Japan, Australia, and New Zealand. It was in the year 2018 that the google announced that Google wallet would be merged into Android pay and the service was rebranded as Google Pay. The various networks supported by the application are Visa / Visa Debit / Visa Electron, Mastercard / Debit Mastercard, American Express, Discover, Diners Club, JCB, Maestro, PayPal in the US, Germany, EFTPOS in Australia, Interac in Canada, Monaco stored-value card in Japan, Edy stored-value card in Japan, and Unified Payments Interface in India. Though this is a recent development in the mobile wallet segment but has gained acceptance quickly and millions of consumers are already using it. 

 3) Paytm


It is one of the most significant growing applications and thus needs to no introduction. Almost everyone has used or is using this application for online payments and transactions. This application allows users to pay bills, buy movie tickets, shop online, or transfer money and much more features. It is one of the best apps that enable users to as the one-stop solution for financial transactions. It was founded in the year 2010 as an Indian e-commerce payment system and digital wallet company based out of Noida SEZ, India. The area served by this application is India and Canada. It is available in 11 Indian languages and allows the payment with the Paytm QR code. The products offered by Paytm are Paytm Mall, Paytm Payments Bank, Paytm Money, Paytm Gamepind, and Paytm Smart Retail. The company also uses advertisements and paid promotional content to generate revenues. Another exciting feature added in this application is to introduce cashless payments for fees and other expenses in India’s education market segment. It is the most common app in India as it is readily available with everyone and can be used for cab rides, chemists, shopping malls, markets, and online transactions. 

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 Best App for Online Payment

The application was launched in the year 2007 and is an online payment processing services, which is owned by Amazon. It uses the consumer base of Amazon.com and focuses on giving users the option to pay with their Amazon accounts on external merchant websites. Currently, the service is available in many countries like Germany, Austria, Cyprus, Denmark, Spain, France, Hungary, India, Italy, Japan, Republic of Ireland, Netherlands, Portugal, Sweden, United Kingdom, United States, and Luxembourg. Amazon Pay incorporates a variety of products for buyers and merchants to process online payments. There are other services provided which are Amazon Pay express which uses a Java button code generator to create a button that can be copied and pasted onto a website or added via WordPress.Plug.in. The headquarters of Amazon Pay is Seattle, Washington United States. The safety measure is kept the utmost priority for Amazon Pay application as customers have the right to dispute for all the unauthorized payments. However, the consumer can be sure that their account details will be secure as the app does not share the full credit card, debit card or bank account number with merchants or anyone who accepts the Amazon pay. The only information that is shared is the last four digits of card number and type, which is necessary to complete the transaction.  

 5) MobiKwik

 Best App for Online Payment

Best App for Online Payment: The application was found in April 2009 to provide services like mobile, and online payments, phone, and DTH recharges money transfers, and shopping. The system of this application is to add money to an online wallet to be used for the payments. The company initially started providing small loans to consumers as part of its service from the year 2016. The company especially designed the mobile app to be used with 2G mobile networks and also for the areas with poor internet connectivity. The company was founded by a couple name Bipin Preet Singh and Upasana Taku. The first service was a website with a closed wallet facility and then gradually increased to a mobile app. Currently, the company has over 55 million consumers and 1.5 million merchants. The company bagged the mBillionth Award South Asia in the category of Mobile business in the year 2014 for socially valuable contributions to South Asia’s digital infrastructure. 

 Apart from the above top-rated applications, there are many other similar apps which are PhonePe, Yono by SBI, Citi Masterpass, ICICI pockets, HDFC PayZapp, BHIM Axis Pay, Venmo, Square Cash, Zelle, Facebook messenger and many more. It depends on the person to choose which one application is best for him. However, the more popular the app is, the more it will easy to use it everywhere and securely. The above five mobile wallet mention is the most top-rated and widely used by millions of people.

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3 Comments on “5 Best Online Payment Apps in India 2019”

  1. Today, while I was at work, my sister stole my apple ipad and tested to see if it can survive a forty foot drop, just so she can be a youtube sensation. My apple ipad is now destroyed and she has 83 views. I know this is entirely off topic but I had to share it with someone!

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