Top 5 Online Money Transfer Apps 2017

In this post however understanding this issue we have prepared a list of top 5 Money Transfer Apps In India.

1. paytm:

PayTM is one of the largest mobile commerce platforms in India, offering its customers a digital wallet to store money and make quick payments.

Paytm is an Indian electronic commerce and payment system company headquartered in Noida, Uttar Pradesh. It was launched in 2010. It is owned by One97 Communications. The firm started by offering mobile recharging, adding bill payment and e-commerce, with products similar to businesses such as Flipkart, Amazon, Snapdeal. In 2015, it further added booking bus travel. Paytm also launched movie ticket booking by partnering with Cinépolis in the year 2016.

2. BHIM:

BHIM (Bharat Interface for Money) is a Mobile App developed by National Payments Corporation of India (NPCI), based on the Unified Payment Interface (UPI). It was launched by Narendra Modi, the Prime Minister of India, at a Digi Dhan programme at Talkatora Stadium in New Delhi on 30 December 2016.

This UPI app supports all Indian banks which use that platform, which is built over the Immediate Payment Service infrastructure and allows the user to instantly transfer money between the bank accounts of any two parties. It can be used on all mobile devices.

3. PayUmoney:

PayU India is the flagship company of Naspers group which is a $25 Billion internet and media conglomerate listed on London and Johannesburg stock exchanges respectively. PayU provides state-of-the-art payment gateway solutions to online businesses through its cutting-edge and award winning technology.

In order to differentiate themselves from other players, they provide a wide range of benefits that include one-touch check out and discounts  cashback offers on every transaction made. This e-wallet also provides instant refunds on order cancellations and buyer protect to ensure the right purchase and customer satisfaction.

4. Mobikwik:

MobiKwik is a mobile wallet and online payment system where a user can store money in an online "wallet" to make mobile and DTH recharge, pay utility bills, and shop at listed merchants. The MobiKwik wallet has to be loaded with money once before it can be used across functions. MobiKwik provides users the option to add money using their debit or credit card, net banking, and "cash pay" a doorstep cash collection service. MobiKwik wallet is a semi closed wallet authorized by Reserve Bank of India.The app is now available in Bengali,English, Gujarati, Hindi, Odia, Punjabi, Tamil and Telugu.

5. Free Charge:

FreeCharge is an e-commerce website headquartered in Mumbai, Maharashtra. It provides online facility to recharge any prepaid mobile phone, postpaid mobile, DTH & Data Cards in India. On 8 April 2015, Snapdeal acquired Freecharge what is being referred as the second biggest take over in Indian e-commerce sector so far, after the buy out of Ibibo by rival MakeMyTrip, and the biggest Venture Capital exit in India to date. According to The Economic Times, the deal is expected to be anything around US$400 to US$450 million.