10 Best Online Payment Apps

Online payment now has become a part of our daily life. But there is a lot of scams also going on when it comes to online payment using mobile applications. As time is changing so fast and with this digital era the use of applications for online payment is also increasing. With risk there are also some major benefits of choosing digital payment option such as carry less cash, reducing additional charges, cashback, special discounts and many more. Hence, online payment has been a preference by millions of users and is a quick and easy method to use.

As of 2016-17 the number of location for digital payment acceptance is close to 1.5 million as the number of merchants adopting digital payments is increasing significantly. In India, the digital payment era is in boom and according to sources, the compound annual growth rate (CAGR) of Digital payments in India is 12.7 per cent.

The best payments app should include Internet security, reliability, flexibility, easy of convertibility as their qualities. Based on these qualities, we've listed some of the best online payment apps to choose from.

Also check out our list of top Fintech Startups in India.

Best Mobile Applications for Online Payment

Google Pay

Total Installs: 100,000,000+

Google Pay Logo
Google Pay Logo

Google Pay is a very popular app for payment. It is a digital wallet platform and an online system developed by Google. Google Pay allows the users to make payments with Android phones, tablets or any devices. It has no card limit and is compatible with both iOS and Android. It takes advantage of physical authentications like fingerprint ID, for the security of the payments. Google Pay supports major Debit cards like Visa, Visa Debit, Visa Electron, MasterCard, etc.

PayPal

Total Installs: 100,000,000+

PayPal Logo
PayPal Logo

PayPal is considered as the safest platform for the online transaction. It is also compatible with Android, iOS and Windows too. PayPal is a commonly used platform for online payment transfer worldwide. Cofounded by Elon Musk, it is a very popular financial platform, especially for a secured transaction. As of 2019, it has over 286 million users worldwide. PayPal allows the users to send, receive and hold funds in 25 currencies worldwide and can be used in more than 200 countries, that is what makes it a very versatile app for payment. The company allows the users to make financial transactions online by granting the ability to transfer funds online between the individuals and the businesses.

Paytm

Total Installs: 100,000,000+

Paytm Logo
Paytm Logo

Paytm one of the biggest platform for online transaction in India. Users love Paytm because the app is super easy to use and extremely convenient. Paytm is a product of Paytm - One97 Communications Ltd. which is based in Noida and the application was launched in 2010. As per sources, Paytm has around 120 million monthly active users. It is available in 11 Indian languages and offers online payments for bill payments, travel, movies, events bookings,in-store payments at grocery stores, fruits and vegetable shops, restaurants, parking, toll, pharmacies, etc. Over 7 million merchants in India uses the QR codes feature of Paytm for online payment by the user.


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Venmo

Total Installs: 10,000,000+

Venmo Logo
Venmo Logo

Venmo is a mobile payment app which is owned by PayPal. The app was founded by Andrew Kortina and Iqram Magdon-Ismail, in 2009. Venmo allows its users to transfer money and funds, to other users using a mobile device. The only restriction it has that both the users and receiver have to live in the USA. It is available for iOS, Windows, and Android. It has an instant transfer feature, which allows users to deposit funds to their debits cards within 30 minutes and for each transfer 1% fee is deducted from the account of transferer.

Samsung Pay

Total Installs: 100,000,000+

Samsung Pay Logo
Samsung Pay Logo

Samsung Pay is specially designed for Samsung users, are a mobile payment and digital wallet services. It allows contactless payments using near-field communications, and in countries like India, it also supports bill payments. Users can use this app on Samsung Galaxy Smartphones and Gear Smart Watches. It supports both NFC-based mobile payment systems as well as magnetic stripes. Samsung Pay supports all major credit, debit and loyalty cards. The app is secured to use as the payment security is ensured by authentication using a fingerprints scan or passcode.

PhonePe

Total Installs: 100,000,000+

PhonePe Logo
PhonePe Logo

PhonePe is an Indian ecommerce payment system and digital wallet company. Launched in 2015, it has its headquarter in Bangalore, India and is one of the most popular payment apps. PhonePe is a multi-lingual app, available in more than 11 Indian languages. Founded by Sameer Nigam and Rahul Chari, it allows users to send and receive money, DTH, recharge mobile, data cards, make utility payments, shop offline and online and other online payments services. Not only this, but it also allows travel bookings like OLA rides, Redbus tickets, book Goibibo flights, and book hotels.

PhonePe is now has been accepted by more than 5 million offline and online merchant outlets including food, travel, shopping, groceries, etc. As of 2019, it has crossed over 2 billion transactions and has been licensed by RBI for issuance and operation of a semi-closed Prepaid payments system.


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Apple Pay

Total Installs: 30,300,000+

Apple Pay Logo
Apple Pay Logo

Apple Pay is designed only for Apple users, it is a mobile payment and digital wallet service. It allows the users to transfer and receive funds and is supported by iPhone, Apple Watch, iPad, and Mac. Apple Pay has two-factor authentication via Touch ID, Face ID, PIN or Passcode for the security of the payments. It supports all the major credit and debit cards. The app also can digitize and can replace a credit or debit card chip and PIN transaction at a contactless-capable credit card terminal.

MobiKwik

Total Installs: 10,000,000+

MobiKwik Logo
MobiKwik Logo

MobiKwik is another Indian payment app, which is known for its mobile-based payment system which can be used as a digital wallet. MobiKwik was launched in 2009 and was founded by Bipin Preet Singh and Upasana Taku, with its headquarters in Gurgaon. The services include mobile and online payments, phone and DTH recharges, money transfers and shopping, as it features. It has partnered with Uber in July 2015, allowing UBER and its drivers to utilize MobiKwik to process debit and credit card payments.

Zelle

Total Installs: 5,000,000+

Zelle Logo
Zelle Logo

Zelle is a USA based digital payments network. It allows the users to electronically transfer money from their bank account to another user's bank account, with the condition that both parties have to be in the USA. Zelle was launched in 2017. The fund's transfer is limited to $2500 per day and $4,000 in 30 days. Zelle has partnered with over 100 participants including Visa, Mastercard, etc.

Cash App

Total Installs: 10,000,000+

Cash App Logo
Cash App Logo

Cash App is also a good and convenient app for online payments. The app is available in two languages English and French. Cash App has many features that the users love and you can use this app for many reasons, you can use it as a digital wallet to store your money or to transfer and receive funds with no additional charges. This app also offers rewards that can help you to make some extra money. You can sign up with your existing bank card however Cash App offers a debit card to use with the app. All the features of this app are 100% free, the only time you get charged is when you withdraw money from an ATM or want to transfer money instantly to your bank account. Moreover, the app is user-friendly and trusted.


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Conclusion

This is our list of the best online payment apps. We will try to update this list with some more popular digital payment apps. If you are using any other app for online payment let us know in the comment below. Hope you liked this post. Share this with your friends. Thank you!!

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About Niku Mandal

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