Paytm, the fintech company led by Vijay Shekhar Sharma, had a disastrous 2024. Although the company stopped accepting new customers a few years ago, it was directed by the Reserve Bank of India to stop all wallet-related services. . While it was recently allowed to operate as a third-party UPI provider, Paytm users have been looking for alternatives. So, if you are among them, check out the top 5 payment apps to make secure and simple payments like Google Pay, PhonePe, etc.
Top 5 apps to make secure and simplified payments
1. Google Pay – Google Pay simplifies digital transactions by allowing users to securely send money, pay bills, and shop online. With Google Wallet, it provides secure access to your daily essentials. Users can store payment methods and manage transactions easily. A recent feature that sets Google Pay apart is its instant loan offering. Users can now avail instant loans from $10,000 to max $8 thousand. This feature, combined with ease of use, security, and rewarding cashback offers, makes Google Pay a comprehensive and user-friendly payment app.
2. Amazon Payments – Amazon Pay offers a comprehensive suite of services for seamless financial transactions. With its integration across the Amazon ecosystem, users can easily shop, pay bills and recharge their mobile phones with just a few clicks. Amazon Wallet provides a convenient way to securely store payment methods and manage transactions. They even partner with services like Uber, where Amazon Prime subscribers can get 5% cashback on every trip – 4% on Uber Cash balances and the rest 1% cashback again from Amazon. Therefore, users can save money on their daily commute.
3. PhonePe – PhonePe provides a seamless and secure way to make payments, money transfers and mobile recharges. Manage daily bills with ease, charge your mobile phone, pay utility bills and even order gas cylinders conveniently – all with the convenience of the app. Planning a trip? PhonePe also has your back. Recharge your FASTag for seamless toll payments, plan your commute at Delhi Metro by recharging your smart card or book tickets on the Airport Express route directly in the app.
4. MobiKwik – MobiKwik offers a comprehensive suite of digital financial solutions including MobiKwik Wallet, which enables a wide range of transactions from recharging to bill payments and online shopping. The app’s all-new Pocket UPI allows you to make highly secure UPI transactions through your MobiKwik Wallet balance without exposing your bank account. Pocket UPI is not only convenient but also helps organize bank statements by eliminating small and recurring expenses. Users can then keep their official bank statements clear and organized, making it easier to track larger financial goals.
5. BharatPe – While BharatPe primarily serves merchants and small businesses to process UPI payments, consumers can also benefit from its convenience. BharatPe has ventured into the ‘Buy Now Pay Later’ (BNPL) space with the launch of PostPe, offering lending options not only for large purchases but also for small-ticket transactions.
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