Top 5 best UPI app in 2019
After demonetization the number of online transactions increased rapidly, here we are listing down top 5 best UPI app in 2019. These all app which are listed down supports UPI payments and are approved by NPCI. These UPI app have options of sending money from your bank account to other’s bank account without any charges. It is easy , fast and secure way of doing online transactions.
An important thing to note is that all UPI apps transactions speed are the same and the speed of transaction doesn’t depend at all on the particular UPI app but depends on the sender bank server speed and receiver bank server. The UPI speed is same in all apps as NPCI acts as the middle man in all these apps. All these UPI apps ultimately submit their transactions to NCPI and after NCPI approval all transactions gets processed. But offers in different apps are different and at different times.
So , you should choose the apps with
Top 5 best UPI apps in 2019
It is an app of flipkart.com. It is now the most popular UPI app. Phonepe is said to have the 40% of total UPI transactions which is the largest market share by any UPI app. This growth in online transactions of UPI was started soon after demonetization. Phonepe was one of the earliest app which was launched with UPI feature after Bhim UPI.
Today Phonepe has more than 100 million active users. The large users of phonepe is largely due to great number of offers which phonepe right from the beginning is running to attract its users.
Currently phonepe has offers in send money transactions, recharges and other services. Paytm , freecharge and many other apps soon launched UPI functions in their app following the success of Bhim UPI.
This app is clean , smooth and user friendly. The customer service is also quite good.
Paytm bussiness grew many fold after demonitization. However the UPI feature came quite late.
Paytm also offers UPI transactions to any UPI address and directly to bank account. Following the large number of UPI transactions of Bhim UPI and Phonepe, paytm is also now running promotional offers in send money transactions to attract users towards its UPI feature. However as paytm app offers a bulk of services along with shopping, the apps semms crowded and is little less user friendly. But still paytm has users in million who does UPI transactions and is closely competing Phonepe.
3. Google Pay
It is an UPI based app from google. Soon after its launched it attracted millions of users because of its trust which comes by its name as it’s a google product and great offers. It is now offering many many features like mobile and dth recharge and payment on other website.
It has good customer support and user friendly app. Like all other UPI apps it also offers to check bank account balance online.
This app is owned by Snapdeal and is one of the newest app to launch UPI feature. This app also offers services to recharge mobile ,dth and payments to other website. The UPI feature is same as other apps. It is also quite old app and has option of storing balance in its wallet. It is also quite simple , smooth and user friendly app. Although it has less number of UPI users as compared to top three UPI apps.
The customer service is good and generally queries are responded within 24 hrs.
5. Icici Pockets
This app is an UPI app of ICICI bank and now has UPI feature and offers recharge and many other digital services. There is an extra feature is that it has online credit card feature by which you can use their online card in online payments across website and other apps. This sets this app apart from others. However paytm also has online debit card option but for that you must have paytm payments bank account which is now on hold from more than 6 months. But ICICI pockets offers this feature without any trouble. Only you have to aubmit an ID proof and that’s all.
The ID proof is now necessary in all UPI apps as it is made mandatory by RBI for opening an online wallet in any UPI app.
Tell us what do you think about the top 5 best UPI app in 2019
And which is your favourite UPI app.