Best UPI Apps in India – Let us find the best UPI apps in India that offer value along with digital payment solutions. However, in the wake of the fraud Chinese UPI APP, we need to understand if the UPI APP is registered with SEBI. Get ready to explore with us.
In the ever-evolving landscape of digital payments, UPI (Unified Payments Interface) apps have emerged as a game-changer in India. With a surge in their popularity, selecting the best UPI app to streamline your financial transactions can be a daunting task. With the increasing cybercrimes and fraudulent Chinese Apps, market regulator SEBI has decided to give a list of UPI APPs (SEBI approved UPI list) to be operational in India.
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The Importance of the UPI App
The UPI revolution has brought convenience to our fingertips. You can now transfer money, pay bills, and shop online effortlessly. This transformation is driven by user-friendly UPI apps that make digital payments a breeze.
In a rapidly evolving digital landscape, UPI apps have become indispensable. They offer secure, convenient, and cashless transactions, revolutionizing the way we handle our finances. Let’s take a closer look at the key players in this game-changing market.
We are here to guide you through the process and help you discover the best UPI apps in India that are in SEBI approved UPI list.
The Best UPI Apps in India
Now, let’s dive into the heart of our discussion – the best UPI apps in India. We’ll explore their unique features and benefits, and why you should consider them.
Also, read SEBI registered research analyst: is it good to take their stock picks?
Paytm: The Pioneer
Paytm, with its intuitive interface and widespread acceptance, is a pioneer in the UPI app landscape. It offers a range of services, from mobile recharges to booking tickets to IPO applications. It is a seamless journey using the PayTM UPI App.
Paytm is not only a digital payments app but also an entire ecosystem for various financial services. It offers a digital wallet, UPI payments, and options for booking flights and hotels, Fast Tag, handles IPO applications and other financial market-related activities, etc. This is a kind of small bank.
The best part is, that Paytm UPI handle users can invest in capital markets across any stockbroker through the UPI APP. This is one of the best UPI apps in India.
- Feature-rich, offering a variety of services
- Multiple layers of security
- A wide array of services beyond payments
PhonePe: The All-Rounder
PhonePe is known for its simplicity and comprehensive services. It allows users to pay bills, book flights, and even invest in mutual funds. Its user-centric approach has made it a fan favorite.
PhonePe is another leading UPI app that has garnered a massive user base. It provides a wide range of services, including mobile recharges, bill payments, and investments. The user experience and reliability make it a go-to choice for many. This is one of the best SEBI approved UPI list Apps in India.
- Intuitive design with a focus on user experience
- Strong encryption and security measures
- Extensive services, including recharges and investments
Also read How to Become a SEBI Registered Research Analyst?
Google Pay: The Versatile Option
Google Pay (GPay), with its seamless integration into your Google account, provides a versatile and easy-to-use platform. It offers a myriad of features, including rewards and cashback.
Google Pay, formerly known as Tez, has established itself as one of the most popular UPI apps in India. It offers a user-friendly interface, quick transactions, and strong security measures. With features like Google Pay Protect, this app ensures the safety of your transactions. However, when compared with PayTM and PhonePe, GPay does not have many features that can attract users.
- User-friendly and visually appealing
- Advanced security features like Google Pay Protect
- Mainly focused on payments
Amazon Pay (with ICICI bank): Shopping Made Easy
For avid online shoppers, Amazon Pay is a game-changer. This UPI app offers a hassle-free shopping experience on the Amazon platform. It also includes features like mobile recharges and bill payments.
Amazon Pay, associated with the e-commerce giant, is a secure and convenient UPI app. It allows users to make payments at various online and offline stores. With the trust of Amazon behind it, this app ensures reliability.
- Seamlessly integrates with the Amazon ecosystem
- Backed by the security standards of Amazon
- Convenient for online and offline transactions
BHIM: Government-Backed Convenience
BHIM (Bharat Interface for Money) is a government-backed UPI app that prioritizes security and simplicity. It’s an excellent choice for those who value trust and reliability.
BHIM is an initiative by the Government of India to promote digital payments. It’s known for its simplicity and ease of use. BHIM is directly linked to your bank account, ensuring the utmost security.
- Simple and straightforward
- Government-endorsed security
- Simplicity with essential features
SEBI approved UPI list for Using in Public Issue
Market regulator SEBI has a major role in selecting the best UPI App for you while banning fraudulent Chinese App. Here is the SEBI Approved UPI list.
List of mobile applications for using UPI in Public Issues as on Jul 07, 2022
SEBI Approved UPI Apps For using UPI in Public Issues
| UPI APP Names | Validity |
|---|---|
| BHIM Axis Pay (only android) | Perpetual |
| BHIM (android & iOS) | Perpetual |
| BHIM SBIPay (only android) | Perpetual |
| HSBC Simply Pay (android & iOS) | Perpetual |
| iMobile by ICICI Bank (android users) | Perpetual |
| Citi Mobile (android & iOS) | Perpetual |
| Google Pay (android & iOS) | Perpetual |
| SIB Mirror+ (only Android) | Perpetual |
| BHIM IndusPay (only Android) | Perpetual |
| BHIM Lotza UPI (only Android) | Perpetual |
BHIM Baroda Pay (only Android) | Perpetual |
BHIM RBL Pay (Android & iOS) | Perpetual |
| Kotak Mobile Banking App (Android) | Perpetual |
| DigiBank - DBS (Android & iOS) | Perpetual |
| BHIM AUPay (Android & iOS) | Perpetual |
| Freecharge (Android & iOS) | Perpetual |
| BHIM BANDHAN UPI (Android & iOS) | Perpetual |
| BHIM KBL UPI (Android) | Perpetual |
| Phone-Pe (Android & iOS) | Perpetual |
| DhanSmart (Android & iOS) | Perpetual |
| BHIM UCO UPI (Android and iOS both) | Perpetual |
| BHIM PayWiz ( Android ) | Perpetual |
| IDBI Bank GO Mobile+ ( Android & iOS) | Perpetual |
| IndOASIS (Android and iOS both) | Perpetual |
| MobiK wik ( Android & iOS) | Perpetual |
| BHIM DLB UPI (Android & iOS) | Perpetual |
| Nxt – Union Bank of India ( iOS and Android ) | Perpetual |
| Groww Pay (Android & iOS) | Perpetual |
| YES Pay Next (android & iOS) | Perpetual |
| Paytm (Android & IOS) | Perpetual |
| Paytm (Android & IOS) | Perpetual |
| Paytm (Android & IOS) | Perpetual |
| Paytm (Android & IOS) | Perpetual |
Choosing the Best UPI App in India for You
Selecting the best UPI app ultimately depends on your specific needs and preferences. If you prioritize a seamless, secure, and user-friendly experience, Google Pay or PhonePe might be your top choice. However, if you prefer a one-stop shop for all your financial needs, Paytm and Amazon Pay are excellent options. BHIM is the ideal choice if you value simplicity and government-backed security.
However, while choosing the Best UPI APP in India, you consider a few points such as a User-Friendly Interface, security measures, Integration with Other Apps, and rewards and cashback.
Remember, when choosing the best UPI app in India, prioritize what matters most to you – whether it’s security, simplicity, a wide range of services, or seamless integration with your favorite online platform. Make an informed choice and make your digital transactions swift, secure, and effortless.
FAQs
How does UPI work?
UPI is a real-time payment system that facilitates inter-bank transactions. It allows you to send money directly from your bank account using a UPI ID.
Are UPI apps safe to use?
Yes, UPI apps are secure, provided you follow recommended safety practices. Always keep your UPI PIN confidential and use trusted sources for app downloads.
Can I link multiple bank accounts to a UPI app?
Yes, most UPI apps allow you to link multiple bank accounts, providing flexibility and convenience.
What if I forget my UPI PIN?
If you forget your UPI PIN, you can reset it through the app’s provided options. It usually involves verifying your identity through your linked mobile number.
Are UPI transactions free of cost?
Yes, UPI transactions are generally free, but some banks may impose fees for certain services. Be sure to check with your bank for details.
Can I use UPI for international transactions?
UPI is primarily designed for domestic transactions. For international payments, other methods like NEFT or RTGS are typically used.
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