10 Best Online Money Transfer Apps/ e-Wallets in India for 2023

Discover the best online money transfer apps for making payments quickly and securely. Learn about the features that make these e wallets or online payment apps stand out from the rest. Pick the best payment app in India for secure transactions!
money transfer apps

There was a time when sending money from one place to another involved standing in long bank/post office queues, patiently awaiting your turn till you finally reached the counter, only to be faced with a mountain of forms to fill.

Until technology and the internet came to our rescue and presented us with a much faster, more reliable, and more secure option – money transfer apps or simply e-wallets.

Now sending money to anyone in India (and abroad) can be done in a matter of minutes from the comfort of your home/office using these apps.

Best Online Money Transfer Apps

This article will share information on the ten best money transfer apps in India that you can use to send money to your near and dear ones in times of need with the minimum hassle.

List of Best Money Transfer Apps in India

Though there are hundreds of best e-wallets in India, these 10 are the most used digital wallets in India.

1. Paytm


With 150mn-plus users pan-India, Paytm is easily the country's largest digital payments gateway and arguably one of India's best money transfer apps.

It offers a comprehensive list of payment services for customers and merchants to make seamless payments using the App from banks, credit/debit cards, and digital credit.

Paytm is one of the top 10 online shopping sites.

The Paytm App also allows users to transfer money from their digital wallet to a bank account (and vice-versa) and make online payments for various services like paying utility bills, buying mobile/DTH recharge, and shopping online.

2. Mobikwik


Available for use at more than 2,50,000 online and offline avenues, Mobikwik is another free digital wallet app for money transfers in India.

Super-secure, with every penny in your e-wallet accounted for always. The MobiKwik App is operational on Android, Windows, and iOS.

In addition to money transfers, this App can also be used to make your EMI payments, buy a mobile recharge, book rail/bus tickets, and pay your gas/electricity/DTH bills online.

It also provides the best cashbacks and discounts that help us save money.

3. Phone Pe

Phone Pe

From UPI payments to mobile/DTH recharges and money transfers to online bill payments, you can do all this and more using the PhonePe App.

Registered users can send and receive money from their friends and family and transact up to INR 1 lakh per transaction (24*7) – anytime, anywhere – using this cash transfer app.

You also get to check your account balance, save beneficiaries, and manage multiple bank accounts and get refunds and cashbacks to your bank account instantly.

4. FreeCharge


Another online money transfer app that is made available in India is Freecharge.

FreeCharge users make utility bill payments, buy metro/mobile recharges, do Google Play recharges, invest in mutual funds, and make charitable donations online.

They can also send & receive money in an instant, create BHIM UPI ID, and link their bank account to engage in the convenience of instant funds transfer.

As a bonus, this App also allows you to buy fantastic discount coupons from all your favorite brands starting at just ₹1.

5. Airtel Money

Airtel Money

By being the first payments bank in India to integrate UPI on its digital platform, Airtel Money can facilitate instant fund transfers between two bank accounts on its mobile platform.

You will need a Virtual Payment Address (VPA) and MPIN to complete the transactions. There is no need to share the beneficiary's account details.

You can also create a VPA and link your bank accounts to it using the My Airtel App and further personalize this with your name and/or number.

6. Jio Money

Jio Money

Jio Money is a smart money app that allows users all the benefits of using cash without any of its limitations.

It is an easy money transfer app that will empower you to make payments anywhere and anytime.

Using this App, you can also transfer the funds in your Jio Money wallet to other Jio Money users and bank accounts.

Plus, you get to enjoy great offers, deals, and coupons from leading brands, pay your bills, recharge mobile/DTH, and indulge in shopping from your neighborhood stores.

7. Ola Money

Ola Money

Touted to be India's easiest, safest, and fastest money transfer app, Ola Money claims to offer users an all-new user experience and one-tap access to all their daily needs.

This includes sending money to your loved ones anytime, anywhere, with just a tap on the App. You can even transfer your Ola Money from your mobile wallet to your bank account.

With Ola Money, you are just one click away from paying for your prepaid mobile recharges, postpaid mobile/power/gas bills, and the fare for the Ola cab you just hired.

8. PayPal India

PayPal India

The Indian subsidiary of one of the world's most popular and widely used digital payments platforms, PayPal India, allows registered users to receive and make payments anywhere in India and abroad.

All you need to do is register on the site and link your PayPal account to your designated bank account, and you're good to go. You can also transfer money from your PayPal India account to your bank account in the blink of an eye.

All monetary transactions made through PayPal are safe and protected by advanced encryption and 24-hour fraud monitoring without exposing your personal financial information.

9. Yono Lite (By SBI)

Yono Lite (By SBI)

It is the first Indian mobile digital wallet supported in 13 languages.

And it comes loaded with several unique features like – Sending money to registered and new users, Asking for money, and Sending reminders to settle dues.

You can also transfer additional cash into an account of your choice absolutely free of cost.

This is in addition to regular benefits, including recharging and paying your bills instantly, booking movie/flight tickets, and shopping for your favorite products online.

10. PayZapp


It's been launched by HDFC Bank, one of the largest private sector banks in the country.

With PayZapp, you can send money to anyone in your contacts list or credit the amount directly to your bank account.

You can also link your Debit and Credit Cards (from any bank) to this App to make instant and secure payments for your data plan/DTH, buy movie tickets, pay for your groceries, and book flight tickets and hotel rooms.

Plus, you also get to shop online and enjoy massive discounts at SmartBuy – HDFC bank's e-commerce platform, which offers an extensive range of digital and physical products.

In Conclusion

With so many reliable app options at hand, transferring your hard-earned money should be a breeze for you now.

And mind you, all of the above online money transfer apps come with state-of-the-art security protocols at every step of every monetary transaction you make. So you can rest easy with the confidence that your money is safe at all times.

So go ahead and take your pick. And don't forget to let us know how it went.

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