10 Best Payment Apps in India 2024
Digital payment apps have emerged as a game-changer in India’s financial ecosystem. With over 75% of Indians adopting digital wallets and UPI-based apps, the days of carrying bulky wallets are long gone. The unprecedented surge in cashless transactions has been fueled by factors like government policies supporting digitization, increased internet penetration, and the rise of smartphone usage.
But here’s the million-dollar question: Which app deserves your attention in 2025? Whether you’re a tech-savvy millennial, a business owner, or someone simply looking for convenience, the right payment app can save you time, boost your financial health, and even offer rewards.
Let’s explore the best payment apps in India 2024, starting with a quick overview to help you pick the perfect one.
10 Best Payment Apps in India 2024
| App Name | USP | Key Features | Best For |
|---|---|---|---|
| PhonePe | UPI + Wallet Integration | Utility Payments, Split Bills, Gold Buy | Everyday Payments |
| Google Pay | Secure UPI Transactions | Rewards Program, Bank-Level Security | Seamless Bank Transfers |
| Paytm | All-in-One Payment Solution | Wallet, UPI, Loans, Cashback Offers | Versatile Use Cases |
| BHIM | Government-backed UPI App | Simplicity, Wide Acceptance | First-Time Users |
| CRED | Rewards for Credit Card Payments | Bill Analysis, Cashback, Premium Offers | Credit Card Users |
| PayZapp | Hassle-Free UPI Payments | Prepaid Cards, Instant Loans | Quick Transfers |
| Pockets by ICICI | Smart Banking Wallet | Instant Digital Banking | ICICI Customers |
| iMobile by ICICI | Banking + Payments | Advanced Banking Features | ICICI Account Holders |
| BHIM Axis Pay | Secure Axis Bank UPI Transactions | Multi-account Support | Axis Bank Users |
| Airtel Thanks | Bundled Telecom & Payments | Mobile Recharges, Bank Features | Airtel Users |
| YONO SBI | Digital Banking App by SBI | Account Management, Quick Transfers | SBI Customers |
10 Best Payment Apps in India 2024
1. PhonePe: Your Go-To App for Everyday Payments
PhonePe has been a trailblazer in the UPI and digital wallet space. Launched in 2016, this app combines convenience, security, and versatility, making it one of India’s most preferred payment platforms.
What Makes PhonePe Unique?
- Comprehensive UPI Solution: From bill payments to money transfers, PhonePe offers seamless integration with over 140 banks.
- Innovative Features: Users can invest in mutual funds, buy insurance, and even purchase gold via the app.
- Multi-language Support: The app caters to regional audiences by supporting over 11 Indian languages.
Real-Life Example
Imagine splitting dinner bills with friends. With PhonePe’s split bill feature, you can request exact amounts from each person in seconds.
Why We Recommend It
If you’re someone who relies on all-in-one apps for daily financial transactions, PhonePe is your perfect companion.
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2. Google Pay: Security Meets Simplicity
Google Pay, often called GPay, is known for its bank-level security and minimalistic interface. Built on Google’s secure ecosystem, the app ensures your transactions are fast and safe.
Why Choose Google Pay?
- Rewards Galore: Every transaction offers a chance to win scratch cards and cashbacks.
- Global Reach: Beyond India, GPay is accepted in 42+ countries.
- QR Code Convenience: Pay at local stores by simply scanning a QR code.
A Unique Study
A report by Nielsen India reveals that Google Pay accounts for 40% of UPI transactions in India. Its reliability and ease of use are key drivers of its popularity.
Pro Tip
For users seeking a highly secure UPI app with added perks like cashback, Google Pay is unbeatable.
3. Paytm: The Versatile Payment Giant
Paytm is synonymous with digital payments in India. Its all-encompassing ecosystem supports everything from mobile recharges to booking flights.
Key Highlights of Paytm
- Diverse Offerings: UPI, wallet, and even credit card management in one app.
- Cashback Heaven: Enjoy deals on every transaction.
- Merchant-Friendly: Over 17 million merchants use Paytm for business payments.
Interesting Fact
Did you know? Paytm was the official sponsor for IPL 2021, solidifying its dominance in Indian fintech.
Why Paytm Stands Out
Whether you’re shopping online or paying at a street vendor, Paytm is your go-to app.
4. BHIM: A Government-Backed Solution for Secure UPI Payments
BHIM (Bharat Interface for Money) is a straightforward UPI-based payment app developed by NPCI. As a government initiative, it ensures trust and reliability.
Standout Features
- No Frills Design: Perfect for those new to digital payments.
- Wide Acceptance: Accepted across major platforms and local shops.
- Direct Bank Transfers: Eliminates intermediaries, offering direct-to-bank payments.
Why Use BHIM?
If you prefer a no-nonsense approach to digital payments, BHIM delivers exactly what you need.
5. CRED: Rewards for Credit Card Payments
CRED is more than just a payment app; it’s a platform that rewards you for being financially responsible. Tailored for credit card users, it offers a seamless way to manage bills while earning exciting rewards.
Key Features of CRED
- Reward Points: Get exclusive rewards for paying credit card bills on time.
- Bill Analysis: Provides insights into your spending habits.
- Premium Benefits: Access to curated offers, travel perks, and brand discounts.
A Unique Insight
According to a study by Business Insider, CRED users have reported a 25% improvement in timely bill payments, thanks to its intuitive reminders and rewards system.
Real-Life Example
Imagine earning cashback and exclusive dining offers just for paying your credit card bill. CRED makes this possible while ensuring a secure payment gateway.
Why CRED is Ideal?
If you’re a credit card user looking to make payments hassle-free and rewarding, CRED is your go-to app.
6. PayZapp: Hassle-Free UPI Payments by HDFC Bank
PayZapp, developed by HDFC Bank, is a one-stop solution for UPI transactions, bill payments, and shopping. It’s known for its seamless integration with multiple services.
Unique Features of PayZapp
- One-Click Payments: Link your debit/credit card for instant transactions.
- Prepaid Cards: Create a virtual card for secure online payments.
- Exclusive Discounts: Avail cashback and deals on partnered platforms.
Did You Know?
PayZapp processed over 10 million transactions in 2023, making it one of the fastest-growing payment platforms in India.
Why Choose PayZapp?
Whether it’s utility bills or online shopping, PayZapp offers the convenience of a digital wallet backed by a trusted bank.
7. Pockets by ICICI Bank: The Smart Banking Wallet
Pockets is ICICI Bank’s innovative wallet app designed to cater to the youth. With its trendy design and ease of use, it stands out in the crowded payment app space.
What Makes Pockets Unique?
- Digital Wallet: Load money and pay anywhere, even without a bank account.
- Instant Banking: Transfer money to any bank account effortlessly.
- Customizable Prepaid Cards: Personalize your card for added flair.
Real-Life Usage
A college student can use Pockets to split bills, shop online, or even recharge their mobile. Its ease of use makes it a favorite among young users.
Personal Recommendation
If you’re a student or young professional, Pockets offers a blend of style and functionality for managing everyday finances.
8. iMobile by ICICI Bank: Advanced Banking Meets Convenience
iMobile, another offering by ICICI Bank, is a comprehensive app that integrates banking and payment solutions. It’s perfect for ICICI account holders who want a feature-rich app.
Standout Features
- Banking at Your Fingertips: Manage accounts, investments, and loans.
- Pay Anyone, Anytime: UPI, IMPS, and NEFT support.
- Voice Commands: Use voice to check balances or make payments.
User Insight
According to ICICI Bank’s data, over 20 million users rely on iMobile for their daily banking and payment needs.
Why We Recommend It
If you’re an ICICI customer, iMobile simplifies both banking and payments in one sleek app.
9. BHIM Axis Pay: UPI Simplified for Axis Bank Users
BHIM Axis Pay is designed to provide Axis Bank customers with a streamlined UPI experience. With multi-account support and an easy-to-use interface, it caters to both tech-savvy and traditional users.
Features of BHIM Axis Pay
- Multi-Account Linking: Manage multiple bank accounts from a single app.
- Secure Transactions: Two-factor authentication for every payment.
- Customized UPI IDs: Create memorable UPI IDs for easier transactions.
Did You Know?
Axis Bank was among the first private banks to integrate UPI features, making BHIM Axis Pay a trusted choice.
Best Use Case
For Axis Bank customers, this app offers unparalleled convenience and security.
10. Airtel Thanks: More Than Just Payments
Airtel Thanks combines telecom and payment services, offering a unique platform for Airtel users. From mobile recharges to financial services, it’s a versatile app for managing daily transactions.
What Airtel Thanks Offers
- Banking Features: Open a savings account or apply for loans.
- Telecom Bundles: Pay your Airtel bills and enjoy exclusive rewards.
- Investment Options: Start SIPs and buy mutual funds.
Why It Stands Out?
As a telecom giant, Airtel leverages its network to provide a robust payment solution that integrates with its telecom services.
Ideal User
Airtel customers can enjoy added benefits like discounts and cashback, making this app a smart choice.
11. YONO SBI: Your Only Need One App by State Bank of India
YONO SBI redefines banking with its powerful mix of banking and payment features. Designed for SBI account holders, it’s a must-have app for managing finances on the go.
Why Choose YONO SBI?
- All-in-One Banking: Access accounts, investments, and loans.
- Secure Payments: Supports UPI, NEFT, and bill payments.
- Shopping Discounts: Enjoy exclusive offers from partnered merchants.
User Experience
With over 50 million downloads, YONO SBI is one of India’s most trusted apps for banking and payments.
Pro Tip
If you’re an SBI customer, YONO is an indispensable tool for both personal and business financial management.
FAQs about the 10 Best Payment Apps in India
1. What is the best payment app in India?
The best payment app depends on your preferences and requirements. For a comprehensive experience, apps like PhonePe, Google Pay, and Paytm are excellent choices. However, if you’re looking for rewards or credit card management, apps like CRED or iMobile by ICICI might suit your needs better.
2. Are payment apps safe to use in India?
Yes, most payment apps in India are safe to use as they employ strong security measures like two-factor authentication (2FA), encryption, and biometric login to protect user data and transactions.
3. How do UPI-based apps like PhonePe and Google Pay work?
UPI-based apps work by linking your bank account to the app using a unique UPI ID. These apps allow instant transfer of funds to any bank account without needing a debit or credit card.
4. Can I use these payment apps to pay bills?
Yes, most payment apps like PhonePe, Google Pay, and Paytm allow you to pay utility bills such as electricity, water, DTH, mobile recharges, and more, directly through the app.
5. Is there any fee for using payment apps in India?
In general, most payment apps do not charge for regular transactions like money transfers and bill payments. However, some apps may charge a small fee for specific services such as instant money transfers or credit card payments.
6. Can I transfer money internationally using Indian payment apps?
Some payment apps like Paytm and Google Pay offer international money transfer options, but generally, apps like PhonePe and CRED focus on domestic payments. For international transfers, specialized apps like Wise (formerly TransferWise) or Western Union might be needed.
7. How do I earn rewards on apps like CRED?
CRED allows you to earn reward points by making timely credit card payments. These points can be redeemed for discounts, deals, and offers across a variety of partner brands and services.
8. Are there any payment apps that provide instant loans?
Yes, apps like Airtel Thanks and YONO SBI offer users the option to apply for small loans directly through the app, along with other banking services like savings accounts, bill payments, and investments.
9. Can I use these apps without a bank account?
Most payment apps require you to link your bank account for transactions. However, apps like Pockets by ICICI Bank offer features that let you use the app for payments and transfers without needing a linked account, by using a digital wallet.
10. Are there any special offers available on these payment apps?
Yes, several apps like Paytm, Google Pay, and PhonePe offer exclusive cashback, discounts, and deals when you use them for payments or transactions at partner merchants. Always check for the latest offers in the app’s “Offers” section.
Conclusion: Choosing the Right Payment App for You
In conclusion, payment apps in India offer a wide range of features catering to different needs—from quick bill payments and money transfers to rewards and financial management. Whether you’re looking for seamless UPI transfers with PhonePe or seeking rewards with CRED, there’s an app for every user.
Each app comes with its own unique features that cater to specific customer needs, such as bill payments, loans, or online shopping. So, choosing the best payment app depends on your specific preferences, whether it’s ease of use, security, rewards, or banking integration.