We do remember that when sending money form one place to another place or one account to another account we were standing in a long queue. Not only in the banks, we were wasting our precious time in the post office as well. Today you will learn about the best money transfer apps in India and all other countries as well.
Earlier, money transfer methods had lots of form filling work as well. Digital technologies rescued the people from the long queues and Internet offers reliable, secured and faster way to transfer money through apps and e-Wallets as well.
Today, transferring money to anyone within India or abroad can be done in a minute or in few seconds. We do not need to go to the bank to transfer the money. You can do money transfer from your home or office using the simple money transfer apps.
This article is for you to know the best money transfer apps in India to send money quickly.
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What are the Best Money Transfer Apps in India?
It’s true that 100+ e-Wallets are available in India. Although below are the top money transfer apps for India to do fast transfer.
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1. Paytm Money Transfer App
Paytm has now become a part of everyday life of people. Ever since demonetization took place in India, Paytm has started being used from vegetable to grocery stores.
But in the meantime, very few people are aware of how the shopkeepers take money from Paytm and transfer it to a bank account.
Obviously, if you also want to make a transaction using Paytm, then this method can be very useful for you.
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How to send and receive money through Paytm?
To send money from Paytm to a bank account, you must have the name, account number and IFSC code of the bank account holder. If you have not got KYC done, then through this you can send 25 thousand rupees as well as businessman transfer limit is 50 thousand rupees. If you want to send more money then you have to get KYC done.
Using the Paytm app, transfer money to such bank, first of all open the Paytm app on your smartphone and click on the passbook icon.
Now Click Send Money to Bank option here.
Now click on Transfer. Enter the amount, type the account holder name and IFSC code. Click on Send button.
As soon as you complete this process, money will be transferred to the bank account.
Transfer money from a desktop or laptop to such bank account. First open Paytm.com and log in to your account. Click on Paytm Wallet.
Click on Transfer to Bank and fill in the required information. After this, click on Send Money button and in this way the money will be transferred.
If you have not got KYC done, then it will take 3 days to transfer from your Paytm account to the bank account. At the same time, those who have got KYC can start bank transfer immediately.
However, for transfer from Paytm to a bank account, a fee of 2 per cent will have to be paid. Paytm allows you to send even Rs. 100.
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2. Google Pay App for Money Transfer
Google Pay App is Payment App created by the giant company called Google based on UPI (Unified Payment Interface) which is operated by NPCI which manages India’s banking system.
Multiple layer security use in this app, which is completely safe, with Google Pay App, you can make many types of digital payments like-
1. Payment can be received and sent.
2. You can request to take money.
3. History of money transactions can be viewed easily.
4. You can get reward for sending money.
5. You can choose offers of your choice for digital payment.
6. It’s very easy to send Google Adwords bill with Google Pay.
7. Use Google Pay app to all products of Google.
8. Electricity, Gas, Water, DTH, Mobile etc. can be paid by Google Pay.
9. You can easily transfer money from GPay to the people without giving any information about your details.
Also, you can send money to anyone near you, without anyone telling them your details, it works just like a data transfer app like SHAREit
You are given cashback and Reward like if you send Rs 500 or more, then you There is a chance to get up to 1 lakh rupees. There are many offers and rewards available in Google Pay App.
MobiKwik App is a Mobile Wallet with the help of which you can make online payment . This app provides you features like PayTM, FreeCharge, you can also use these features with the help of this app.
We will give you complete information about how to transfer money from MobiKwik through this post , with MobiKwik you can transfer money to anyone and also take advantage of other types of facilities offered.
4. PhonePe Money Transfer App in India
You can do many types of online money transfers from PhonePe money transfer app in India. Starting from UPI payments to mobile, TV recharge, bill payments and all types of money transfers can be done through PhonePe money transfer app.
The best part of PhonePe is you can transfer up Rs. 1 Lakh / transaction, 27X7 anywhere and anytime through PhonePe e-Wallet.
5. PayPal Money Transfer App
Just like you use your credit card and Debit card to pay & pay online for something. Similarly , to convert money of out of country currency Dollars (USD), Euro (EUR), Hong Kong Dollar (HKD), Japanese yen (JPY), Chinese Yuan (CNY), Australian Dollar (AUD), All country and Helps to get him in his bank. Also, you can send money from the bank.
Mostly used to send and receive payments. PayPal is an Online Money Transaction Service with Security & Safe . If you are from India, you can use it to receive payment from abroad.
Why is PayPal required? Why Use PayPal For Business?
People who are working on online business, affiliate marketing then you must need PayPal account to send and receive money.
You can then get payment from the customer or company ( AdSense , Amazon , Flipkart & More ). Or you can also get the payment credit card from the customer. Which can be received in your PayPal Account.
Bank Account ADD will be required to Verify PayPal Account. With which we receive money from any company or customer, then within of days your money will be transferred your bank account .
If you do not have a Bank Account. Only then you can open PayPal Account. But PayPal Account will give you an alert “unverified PayPal Account until you don’t add Bank details on it”.
Secondly, there is a limit for sending and receiving money on having an unverified bank account.
That is, you will not be able to make large amount of money.
Let’s start, how to open PayPal Account!
Requirements to Open Create PayPal Account.
PayPal Open Account Requirement (What is required to open PayPal Account)
Debit / Credit Card
Your communication address
We have listed the ultimate money transfer apps to send and receive money. It’s your turn to use your favorite money transfer apps based on your need.