Safest Payment App in India 2022: Digital age is changing lifestyles. This has also changed the payment industry in India. Now people feel comfortable paying with a secure digital payment app rather than physical money.
UPI (Unified Payments Interface) is working as a backbone in India’s digital payments ecosystem. Launched in 2016, now UPI is working to power almost 2.3 billion transactions worth Rs 4.2 trillion in January 2022 (report by The Economic Times). It’s not over yet.
As the Digital India trends going on, more users are joining UPI transactions. Now almost every offline store has UPI QR sticker in their shop and every eCommerce website is using the UPI option in the payment gateways.
Here you can find the Safest Payment App in India 2022 as well as Best Digital Payments Apps in 2022.
Safest Payment App in India 2022
Paytm is one of the leading platform (website, app) of India’s digital payments. With Paytm wallet, you can pay for almost all offline and online stores in India. Along with this, Paytm UPI will also help you to pay on any BHIM UPI QR Codes offline or online. It provides excellent UX and easy to use UI. Paytm also provides multiple utility services in one single app such as mobile Recharge, Bill Payment, Tickets booking, now add UPI system and much more.
2. Google Pay
The simple way to send or receive money with anyone is Google Pay. With Google Pay, Send or receive money with zero fees, straight from your bank account to almost anyone. You can send or receive money even if your contact is not on Google Pay. Google Pay app also offers a good UX and UI. You can also do utility bill payments like mobile recharge, electricity bill, gas bill, internet bill and many more on Google Pay.
Also Read, Too Many OTP Requests in Google Pay: How to Fix UPI OTP Not Coming Google Pay App?
Started in 2015, now almost all offline store has a Purple UPI sticker of PhonePe on their shop. PhonePe is a payments app that allows you to use BHIM UPI, your credit card and debit card or wallet to recharge your mobile phone, pay all your utility bills and also make instant payments at your favourite offline and online stores. You can also invest in mutual funds and buy insurance products on PhonePe.
Also buying and sending gift cards of various brands is easily available on PhonePe.
Besides these main 3 leaders, there are many UPI and digital payments app by various bank and organization. Some are BHIM UPI (Official UPI App by NPCI), YONO SBI, MobiKwik, Airtel Pay and many more. But still users love to use Paytm for having the most trust. For an alternative, users considered PhonePe as the most safest alternative to Paytm.
However, PhonePe has maintained its lead over Google Pay in terms of UPI transactions volume and value by a decent margin in January.