Looking for Paytm alternative: Here are eight UPI apps you can consider

With all the Paytm news, if you are looking for alternatives or a secondary wallet, then here’s some help. Here are eight UPI payments apps which you can consider. These apps offer robust features for digital payments and financial transactions.

Unified Payment Interface (UPI) is a platform developed by the National Payments Corporation of India (NPCI) under the guidelines of the Reserve Bank of India (RBI). It enables real-time money transfers between bank accounts using a Virtual Payment Address (VPA) instead of traditional IFSC codes. UPI has revolutionized the way we handle financial transactions, making them faster, safer, and more convenient.

Google Pay is known for its user-friendly interface and it offer proximity-based transactions using NFC. Users just need to link their bank accounts to the app to make transactions. The app dominates around 35% share in UPI transactions. You can use the app to make payments and also send and receive money from friends.

PhonePe is India’s first UPI payment platform. Beyond its core function of facilitating seamless payments, PhonePe offers an array of services ranging from bill payments to recharges and even investment options. Boasting a user-friendly interface coupled with robust security features, PhonePe ensures a safe and convenient experience for its users.

Amazon Pay is integrated with the Amazon e-commerce platform and claims to offer a streamlined payment experience on and off Amazon.in. Amazon Pay UPI is said to facilitate a convenient and instant payment experience allowing customers to shop, pay utility bills, pay to online merchants, and send money. The platform offers incentives such as cashback and rewards on Amazon purchases, bill payments, recharges and more.

BHIM (Bharat Interface for Money) is developed by the National Payments Corporation of India (NPCI). This UPI app offers a simple and straightforward interface, making transactions effortless for users. One of its notable features is its support for multiple languages.

WhatsApp Payments is a convenient and secure way to send and receive money directly within the chat interface. You can easily transfer money to your contacts without leaving the app. WhatsApp Payments uses the Unified Payments Interface (UPI) platform, which allows seamless bank-to-bank transfers. Every transaction requires your UPI PIN for authentication and all payments are end-to-end encrypted.

With Airtel Payments Bank UPI, you can access all your bank accounts from a single app. You can pay your bills for utilities, shopping, and more without the need to rifle through your wallet or purse. Airtel Payments Bank UPI facilitates instant fund transfers between two bank accounts on the mobile platform without asking for the beneficiary’s account details.

MobiKwik offers a mobile phone-based payment system and digital wallet. Customers can add money to their online wallet, which can be used for various payments. MobiKwik introduced “Pocket UPI,” allowing users to make UPI payments without linking their bank accounts.

Freecharge is known for offering seamless and swift transactions. With its cashback and discount offers on recharges and bill payments, Freecharge adds value to every transaction. Its user-friendly interface ensures a smooth experience.