Best Money Transfer Apps For Android And IOS Mobiles In India

Best Money Transfer Apps For Android And IOS Mobiles In India

First of all we thanks to Indian government who started “digital initiative” Indians were already moving towards digital payment systems even before the Coronavirus pandemic hit. The pandemic undoubtedly pushed more and more Indians to adopt cashless transactions. No one can imagine that sending money to another place would become so easy and effortless. There was a time when we had to stand in line at the bank or post office to send money or transfer money to someone. But now there are many best money transfer apps in India available that we can send money to anyone sitting at home.

Go Cashless! Is a new trend which is even supported by our current prime minister-Mr. Narendra Modi. In the coming years, our entire economy would hopefully become cashless entirely. The payments industry has undergone a massive transformation in recent years. The implementation of the Unified Payment Interface (UPI) by the National Payments Corporation of India has led several Indian banks and other third-party companies to introduce UPI-enabled mobile payment apps allowing users to send and receive money between UPI-linked bank accounts.

Selecting a payment app or money transfer app in India is not a very hard task today; you might find hundreds of such apps in the Play Store or iOS App store.  There are some popular & best money transfer apps in India easily available both in the Play Store and App Store. With these apps, you can easily transfer or send money from your bank to another bank, your bank to another bank and also load money to your wallet. So let’s take a look at this top 10 best money transfer apps in India 2022 list. Read all the details of these apps and choose the best suitable one for you.

There are the list of the best digital payment apps in India:

Google Pay

Google pay formerly known as Tez but from last year it is known to be as Google pay. At that time it was not very popular. However, when it is taken over by Google, it has become widely known and India’s one of the best digital wallets. It is one of the most downloaded money transfer apps on Android and iOS devices. Google Pay is the most loved and used money transfer apps in India due to many reasons. You can transfer money from all banks. Google Pay also comes with a referral code. If you refer someone and if they join make a UPI money transfer for the first time through your referral link then you will get ₹201 cash back in your Bank. Yes, you heard it right. Google Pay will deposit your cash back directly into your linked bank account. There is no wallet option in this app. The user who will join through your link will also get ₹21 in their bank too.

There are many services provided by the Google pay including:

  • Sending and receiving money instantly in your bank account using Google pay UPI id.
  • Recharge your mobile.
  • Bill payments
  • Cash back in the form of gifts and vouchers.
  • Restaurants bills.
  • Online shopping.

One of the best things about Google Pay is, it works with your existing bank account assuring that your money is safe and secure. India also has similar product offerings in other markets such as various cashback and other rewards including scratch cards, discounts, etc.


Paytm is the most popular & oldest payment app in India. Most of the smartphone users in India have this app and installed on their smartphone. Paytm has also maintained the largest crowd of the QR code-based payment business in India. You can find the Paytm QR Code in almost all retail outlets in India. Paytm is the most loved and easy to use money transfer app in India. Anyone can transfer money from one bank to another easily through Paytm. We can transfer from wallet to bank account and from bank to wallet. Paytm has its own Payments Bank too. It is not only offers you to store your money in its wallet but also allows you to make quick payments, do online shopping, and much more.

Paytm is one of India’s largest mobile payments and e-commerce player. It allows cashless transactions through the Paytm app or Paytm website. Paytm wallet let you store and send money from one wallet to another wallet or pay directly from your bank account using the UPI. You can recharge your mobile phones, metro cards, data cards, DTH cable and make utility bills payments, postpaid payments. Book movies and travel tickets, do online shopping or use at various locations such as taxis, grocery shops, restaurants, malls, etc. You can easily scan your QR code pay your bills in any grocery shops, restaurants etc.


Phonepe was launched and established in 2015. Although it has crossed 100 million of downloads within a short period of time. But now phonepe has been taken over by Flipkart. You can experience one of India’s fastest fund transfer experiences through PhonePe as it has a user-friendly interface. PhonePe allows you to transfer or receive up to 1 lakh INR per transaction. You can link more than one bank account if multiple accounts are linked with the same mobile number.

With Phonepe;

  • You can transfer money
  • Recharge your phone or DTH
  • Pay bills
  • Shop online
  • Book flight tickets and so on.

PhonePe also offers an exclusive feature of assuring data security against cyber-criminals. Moreover, it is a multilingual app available in Hindi, English, Marathi, Tamil, Bengali, and some other languages. Phonepe provides cashback and rewards for each transaction made through the Phonepe App. Thus, this app provides a seamless experience to all kinds of users in any part of India.

Amazon Pay

Amazon launched its digital payments services in 2007 globally. Amazon pay is an online payments services owned by Amazon. There are more than 35 million users who are using Amazon Pay digital wallets to process monetary transactions. It is also available for Android and Apple users.

Amazon pay can be used for doing various types of transactions, including;

  • Transferring and receiving money
  • Bill payments
  • Booking tickets
  • Avail entertainment packages like watching movies and do a lot more things through this App.

The reason many users loves to use this app for online money transfer, recharge, and bill payment is that Amazon has a lot of cashback offers for new and old users. Apart from these services, Amazon Pay also offers several other benefits such as cashback and discounts.

Bhim UPI

BHIM (Bharat Interface for Money) app is launched by The National Payments Corporation of India and is backed by The Reserve Bank of India. BHIM or Bharat Interface of Money is a popular mobile payment app based on the UPI system. This is an official UPI payments app. You can use this app to make an online money transfer through UPI. This app was launched by Narendra Modi in 2016 after the demonetization and is consistently playing a significant role to make our economy cashless.

Apart from this, BHIM App supports QR Code Scan & Pay, create or reset UPI Pin, transfer money through UPI etc. Besides transferring funds, you can also make mobile, or DTH recharges, bill payments, etc. There is no invite and another beneficiary option on this app. So you won’t get any cashback or offer for downloading BHIM UPI App. Through the user’s point of view, I feel BHIM UPI App is a really great app to use. If you are looking for an app that can be used only for making online payments then BHIM UPI App will be a great choice for you.

Airtel Thanks App

Airtel launched its first payment app in India. Airtel money App is an online payment services owned by airtel. You can use this app just like paytm. Users can operate Airtel money without a bank account and even work without an internet connection. It is linked to your mobile number and makes for a hassle-free transaction. 

You can use this app to transfer money from one bank to another, and also gives you offers and deals for shopping online and making payments, recharges, DTH bill, broadband and a lot of types of online payments. You can get extra talk time if you recharge your Airtel prepaid phone through the app. This app can be downloaded through the Android Play Store and App Store.

My Jio App

Jio money is a digital payment app which is launched by Reliance industries. JioMoney is available as a payment option at several e-commerce sites. Jio Money app is not only used to recharge your prepaid or postpaid mobile phones, but it also offers other benefits of using cash. It is a money transfer app that allows its users to transfer the funds in your Jio wallet. The money from your Jio wallet can further be transferred to other Jio customer’s wallets and bank accounts as well.

My Jio has recently added a UPI option on this app. You can transfer from all bank accounts through Jio UPI. We can access a lot of things from the My Jio App. We can recharge our mobile number, check Jio data balance, money transfers and access every Jio Apps in one place. Just like you can make payments of online and physical stores, bills payments and JioMoney also offers discounts, cashback, coupons, and deals. Jio money app can be downloaded through the Android Play Store and App Store.


Mobikwik is one of the largest mobile wallets which are established in 2009. Mobikwik is another digital wallet app for making monetary transactions in India. It is a Gurgaon based company that also helps users to store their money in digital wallet. I feel Mobikwik is also a similar kind of app to Paytm, Airtel Thanks, PhonePe, and Google Pay. Yes, MobiKwik does not have any payments bank but still, it is one of the best money transfer apps that I have ever used in my life.

Though using Mobikwik you can make bank transfer, UPI payments, adding money to mobikwik wallet, scan any QR and a lot more types of online transactions through the MobiKwik App.  Mobikwik also gives offers to its users to earn a huge cashback, and great discount offers and referrals and on making bill payments, recharges, booking tickets, etc. If you will refer your friends then you will earn cashback in your Mobikwik wallet too. You can access this app on iOS, Windows, and Android.


This is an online payment application which is operated by SBI (state bank of India). It is an official application for SBI customers only. Yono by SBI is a multilingual app that is available in 13 languages in India. Through this app, you can carry out fund transfers very smoothly by using your digital wallet option. Yono SBI app is same as Google pay, paytm, phonepe and same facility like booking tickets, paying bills, recharges, transferring money safely and online shopping. This app allows its users to set payment reminders for due dates, and view the mini statement for the transaction. Both Android and Apple users can download this app.

Free Recharge

This is the most popular recharge and bill payment app in India since very long time. FreeCharge is a popular e-commerce website and a digital wallet owned by Axis bank. Free recharge was established in India in 2010. Free recharge made it very smooth and easy task to transact across India through e-wallets. Freecharge allows us to send money through UPI easily. Apart from this we can pay later, buy stocks, buy metro/mobile recharge, bill payments, invest in mutual funds and also make charitable donations online. In this app, you can get many discounts, cashback offers in so many brands and coupons.


Electronic payments are becoming an easy, fast and simple way for making payments. With an electronic payments system, you do not need to go to your banks frequently to deposit your payments. The process of payment made through an electronic medium is called online payment.  The online payment process does not need a cheque or cash. All the payments for goods and services can be made through an electronic medium. The various advantages of online payment make modern-day businesses more sophisticated and advanced. Online payment is also known as electronic payment.

Due to the increasing use of internet-based banking and shopping, online payment systems have become more popular. This will eliminate your accounting errors and help you to keep your records more clear. The market has become more advanced with technology and digitalization. The usage of check and cash transactions decreases day by day with the improvement of online payment methods. Electronic payments are much faster than the traditional methods of payments such as cash or cheque. You can easily make payments at anytime from anywhere across the globe. The transaction is made electronically, involving computer networks, the internet, and digital stored value systems. It is called online payment if you collect the payment over the internet.

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