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Top mobile payment apps in india (2017)

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This slide displays the most commonly used Mobile Payment Apps in India in 2017.
See more : http://www.npci.org.in/UPI_Background.aspx

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Top mobile payment apps in india (2017)

  1. 1. TOP MOBILE PAYMENT APPS IN INDIA AS OF 2017
  2. 2. CONTENTS  Paytm  PhonePe  BHIM App  Mobikwik  State Bank Buddy  Conclusion
  3. 3. 1.Paytm Paytm has become India's largest mobile commerce platform. The company started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. Paytm Wallet App lets you transfer & request money, securely store money online and do payments on the go. The company has also partnered with premium educational institutions in India and introduced cashless payments for bills, fees, and other expenses. The mobile wallet has a huge user base in the country with more than 1,000,000+ app installs.
  4. 4. 2.PhonePe The PhonePe app was introduced by the eCommerce giant Flipkart to take on PayTM, Mobikwik and other similar apps. PhonePe is easy to use, secure and fast. PhonePe lets users manage several bank accounts at a time. It supports refunds and has the option to transfer wallet balance to the bank account. It enables customers to pay at retail stores.
  5. 5. 3.BHIM App The first UPI app in the list of best UPI apps is BHIM UPI app. This app is developed and released by NPCI. It is perhaps the simplest and fastest UPI app available. BHIM UPI app has all the UPI features. These include sending or requesting money, changing or setting UPI PIN, checking balance and generating QR codes etc. You can send money using VPA, mobile number or QR code of the beneficiary.
  6. 6. 4.Mobikwik Mobikwik is the top competitor of PayTM. It provides cash back when you buy products from leading sites. Mobikwik allows you to pay electricity, gas, Internet, landline, and various other bills. Mobikwik lets you complete transaction on the IRCTC website. If you have loaded your wallet with a lot of money and you don’t like traveling by train, you can book a bus ticket on a supported site and check out with the Mobikwik app.
  7. 7. 5. State Bank Buddy State Bank of India launched mobile wallet application to let users pay bills, recharge, transfer money to other bank accounts and users, book for hotels, movies, shopping as well as travel. This semi-closed prepaid wallet serves in 13 languages and is made available for non-SBI customers too. SBI buddy app enables you to make online transactions quickly. Registering an account with this app is easy. Once your account is ready, you can send money to the numbers in your contact list easily.
  8. 8. CONCLUSION In today’s day and age Mobile Payment has become of paramount importance especially in our country where the PM’s initiative since the past couple of years has been to promote Digital India and it has shown a lot of changes in our society within this timeframe. These mobile payment/ E-wallet applications have successfully promoted this cause and their upsurge in popularity is clearly evident. Various shopping sites in our country have already added these apps in their payment gateway and now even offline vendors and shopkeepers have started implementing these apps as their source of transaction medium. This initiative needs to go on to ensure that our country’s mission of Digital India is facilitated.

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