Best upi app with cashback 2021 in India
After the ban on currency notes in 2016, India wanted a cashless way of making transactions and UPI helped to do so.
UPI has revolutionized the way digital transactions are conducted in India. Unlike credit and debit cards, you do not need a physical or plastic card, just your phone.
What is UPI?
The Unified Payment Interface (UPI) is a system that strengthens multiple bank accounts into a single mobile application (of any participating bank) and integrates multiple banking features, seamless fund routing and merchant payments into a single app.
It was developed by the National Payments Corporation of India (NPCI) to facilitate inter-banking transactions. The interface is managed by the Reserve Bank and works by transferring funds instantly between two bank accounts on one mobile platform.
Many of you use UPI on a daily basis. But with so many apps available, which one is best for you? Which offers the most offers and cashbacks?
Read more below.
Take a look at the best UPI apps currently available in India
1. Amazon Pay
Online shopping giant Amazon has launched a new venture Amazon pay and UPI. They also have UPI facility in their shopping app. No need to install any other app for this. It can be used for recharges, bill payments and shopping.
AmazonPay is the UPI app that gets the most cashback for me. Unlike other Upi apps, it offers guaranteed cash back instead of Scratch Card.
You will get cash back up to Rs.100 for the first fund transfer per day. You will get 100% cashback on the first recharge of each month (maximum of Rs.50) and 100% cashback on the first bill payment and LPG booking for each month (Rs.50 maximum).
Cashbacks will be on the amazon pay balance. With this, we can recharge and shop on Amazon.
2. Phone Pe
PhonePay is one of the leading UPI applications in India. It is an Indian-made app. It uses the UPI payment system to send money and make payments for various services. It also gives you the convenience of a wallet. You can keep money in your phonepe wallet for faster transactions.
PhonePay is a subsidiary of Flipkart. Walmart recently became the owner of Flipkart. That's why Flipkart was one of the first websites to support phonePay transactions. PhonePay can be used to make transactions very quickly.
Cash back and Offers:
PhonePe also offers scratch cards for transactions. These scratch cards offer customers cash, offers and coupons.
Install From Play Store
3. PayTM
Paytm is the most popular digital wallet and UPI application in India and is widely accepted by merchants. With it you can deposit and book movie tickets along with fund transfer, mobile recharge and bill payment.
PDM was initially launched as a mobile wallet platform. But over time, they added many services. From school fees to toll charges, you can pay for everything through Paytm. It also provides mutual funds and gold deposits.Paytm QR codes are everywhere. Paytm is accepted everywhere, from retailers to large product stores. Paytm offers a number of cash back offers for transactions.
Payment Bank:
Paytm Payment Bank helps you to earn interest on money kept in your wallet. Paytm postpaid is another feature that works similarly to credit cards. Like credit cards, users can buy goods and pay later.
Install From Play Store
4. Google Pay (formerly Google Tez)
Unlike Google Pay in other countries, Google Pay for India has many features. This is just a UPI application and has no wallet. But you can pay for almost all transactions that support UPI.
Google Pay is the most secure UPI transaction application. It requires a PIN to open the application. Sometimes it takes a while to make a transaction.
Cash back and Offers:
Google also offers scratch cards for transactions. Available for transactions starting at Rs 150. These scratch cards reward users in the form of cash.
Install From Play Store
Other major UPI apps
Mobi kwik
Airtel Payments
● Bhim SBI
● Kotak 811