Although PayTM has launched an eCommerce site through which you can buy products online, the company hasn’t separated the eCommerce business from the app entirely. This may irk users who prefer offline shopping and use wallet apps only for recharging phone number or paying bills. For such users, we’ve shortlisted the best apps like PayTM.
All apps we’ve covered in this article support UPI payments i.e real-time money transfers. They are secure and widely used.
Best apps like PayTM
SBI buddy app enables you to make online transactions quickly. Registering an account with this app is easy. Once your account is ready, you can send money to the numbers in your contact list easily.
SBI buddy enables users to book flight tickets, pay due bills, book hotels, reserve a seat in a movie theater, etc. The app supports 13 regional languages.
Download SBI Buddy
The PhonePe app was introduced by the e-commerce giant Flipkart to take on PayTM, Mobikwik and other similar apps. PhonePe is easy to use, secure and fast. It provides Rs 50 cash back to the users who transfer money to another account. It also lets you buy products on Flipkart for a great price.
Like other apps like PayPal, PhonePe enables you to recharge your phone number, pay power bills, etc.
PhonePe lets users manage several bank accounts at a time. It supports refunds and has the option to transfer wallet balance to the bank account. It enables customers to pay at retail stores. You can transfer up to 100000 INR with PhonePe.
BHIM is a powerful app that lets you send or receive money in real-time. It doesn’t have wallet feature. Frankly speaking, you don’t have to install a wallet application app as millions of offline stores accept payment with the BHIM app.
Although BHIM was launched by the Government of India last year, the app has several million users. BHIM is a lightweight app with several features. You can see the bank balance and transfer up to 10000 INR on a given day with this app.
BHIM supports money transfers to/from all leading banks in India. To link your bank with BHIM, you must select a SIM (phone number) which you’ve linked to your bank account.
Once you enter your number, BHIM app will perform a lookup operation to check whether the number you’ve provided is registered with a bank number or not.
Also see: PayTM vs BHIM: Which app is better?
ICICI Pockets is a feature-rich app launched by India’s leading ICICI bank. The Best DTH service in India (Tata Sky) provides cash back when you recharge with this ICICI bank app. ICICI Pockets enables you to make payments by scanning QR codes.
The app has a offers section where you’ll find cash back offers and discounts you can avail on leading sites. Hence, you can save money in online shopping with the ICICI Pockets app.
If you’ve dined at a restaurant, you can split bills with friends. This app enables you to pay postpaid, gas, electricity, landline, and DTH bills. You can also book a movie ticket with it. The app remembers your transactions so that you can repeat the same transaction next time you use this app.
ICICI Pockets supports NFC payments. It lets you link multi wallet cards with your wallet.
Must check: Best free recharge app like MCent
Mobikwik is the top competitor of PayTM. It provides cash back when you buy products from leading sites. Mobikwik allows you to pay electricity, gas, Internet, landline, and various other bills.
This app lets users redeem their PayBack points i.e. you can convert PayBack points into cash with the Mobikwik app. Once the app converts the cash, you can transfer the wallet amount to your bank a/c.
Mobikwik lets you complete transaction on the IRCTC website. If you have loaded your wallet with a lot of money and you don’t like traveling by train, you can book a bus ticket on a supported site and check out with the Mobikwik app.
MK is one of the best apps like PayTM.
Google Tez is the latest app like PayTM on our list. It is secure, fast and user-friendly. It lets you transfer your wallet cash to the bank account and find merchants that are accepting payments via Google Tez.
The Tez app has a unique feature called cash mode with which you can make payment to a person nearby you without entering any personal information. When you’re using the Tez app, you don’t have to remember due dates for bills. Google’s app supports all major banks in India. It also supports UPI and various Indian languages.
The Tez app allows users to participate in contests wherein they can earn up to 1 lakh Rupees. It works on non-rooted phones only.
Conclusion: After demonetization, the popularity of mobile wallet apps increased two-fold. PayTM is the most popular app. If you don’t enjoy using it, you must switch to one of the apps we’ve mentioned above.