It has been observed that after demonetization, there has been an increasing dependency on digital wallet as well as card based payments. Most of the people have become aware of the popular mobile transfer apps like Paytm app, PayPal, PhonePe, Mobikwik, Venmo, Azimo, etc. There has been an increasing use of these apps for sending or receiving money to or from one’s loved ones. It is said that the prime aim behind the development of a money transfer app is to promote cashless and secured money transfer in a few seconds.

Money Transfer App 3Paytm App

These apps can be used with any bank with a single app popularly known as the BHIM, i.e. Bharat interface for money. This is also a money transfer app which works on Android phones. It is believed that one can save his/her time as well as money on making use of a reliable money transfer app. These apps have made the process of money transfer very convenient and hassle free.

Benefits of using money transfer app:

There are several benefits that can be enjoyed by a person on making use of money transfer applications. Some of these benefits are listed below:

  • Online purchases: These apps enable their users to make purchases without bringing cash with them, as these apps have mobile e-wallet associated with them. This has made it easier for the users to do shopping.
  • Cashback offers: The users can enjoy exclusive deals and special cashback offers on making use of these apps for making a transaction like a mobile recharge, purchases, movie tickets booking, cab booking, etc. These offers are provided to the users, so as to increase the number of users.
  • Instant: One can make use of these apps, in order to send or receive money from his/her family or friends within a few seconds.
  • No processing fee: It is said that a user is not required to pay any processing fee on making money transfer using these apps.
  • Secured: The money transfer apps are the secured and safest method of making a money transfer, as one gets a refund on failure or rejection of his/her transaction.
  • Available anytime and anywhere: These apps are remotely available; hence they can be used on holidays and weekends as well.

The money transfer apps are basically the e-commerce apps that work for facilitating services in both prepaid as well as postpaid phones. These apps have been partnered with a number of companies as well as networks. These apps have a fingerprint sensor as well that works for authentication and identification of a user. These apps are being used in different parts of the world. These apps are bringing transformation in the life of their users as well as to the small businesses across the globe. These apps act as a traditional method of managing and saving one’s time and money. These apps have facilitated their users with an ease and convenience. In order to enjoy the best quality services, one is required to make choice for the best one according to his/her needs.