Best Digital Payment Apps benefits in 2020

Top 6 online digital payment apps and their benefits

Nowadays there is such an era of digital payment where many people can easily pay all their bills sitting at home. whether you have to pay the bill or mobile recharge, you can do it in just minutes.

 Even more special things let me tell you that there are many attractive offers and discounts available in the digital payment app for you, due to which you can be attracted to it and take full advantage of this digital payment app.

This is the reason that the number of users of these apps has increased drastically in the last few years, so today we are going to tell you some such interesting things which are very easy to use for you and it also gives great benefits.

1. What are the top 6 payment apps

2. Benefits of having cashless payment

3. What are the disadvantages of cashless payment?

What are the top 6 digital payment apps

 PhonePe payment app

Phone Pe digital payment
Phone Pe Digital Payment

It is considered to be one of the most talked-about and easy apps through which you can easily pay any bill. Let me tell you that it is a UPI supported app that can be linked to your bank account.  You can easily transfer money to anyone in friends and family through mobile recharge over the phone.

                Where this app gives you a mobile wallet and more than one type of payment option.  sometimes you get the benefit of a cashback discount on some kind of payment which attracts a lot of customers.

Review- This is a completely great app according to the customers, but credit card wallets cannot be top-up in it.

Read this also Exercise Has Many Health Benefits. Weight Loss Isn’t Really One Of Them

Digital Payment app Google Tez

This application has been introduced by Google.  To become completely popular this payment app took some time. which has been delayed for a while, now it has become completely popular. The biggest reason behind it is the scratchcard reward system introduced by the application which attracts a lot of users. Let us tell you that the interface of this application is so simple that anyone can easily use it

                 Initially, it was seen that it used to support only four to five banks but now it supports almost all bank accounts where you can recharge as well as payment.

Review – Attracted attention from the river system, but the wallet feature is not available here.

Digital Payment by Amazon pay

Amazon pay

Another payment application that is linked to your Amazon account, with the help of this, you can send money to your wallet by card and pay to buy anything, here too, like other applications, you will get cashback and discount.

Here you can add up to ₹ 10000 in your wallet and pay for the food bill, movie tickets or Kindle eBooks from it. you can easily add your money to the wallet with the help of this application.

Review– This offer enticed the audience with attractive offers but this application does not have a money transfer facility.

Read this also: The 10 best healthy vacation destination to add to your 2020 calendar

Paytm is also very famous payment app

Paytm digital payment app

On hearing the name of Paytm, the image in our mind becomes of the best and a popular application. Paytm application brings a lot of services to the people, where you have the facility of UPI or the payment app, you will get the bill payment shopping. Money transfer, recharge, provides movie tickets, bus, and train ticket booking facilities.

This is the reason that due to these services, today there are more than 300 million users on Paytm, which has taken great advantage of this application.

Review– It is established as no more trust among the audience but cashback and deals are limited here.

Icici Pockets

This may seem a bit different to you as ICICI Pocket is a Visa-powered e-wallet app that allows customers of any bank to make mobile recharge money transfers to pay any bills.

Apart from this, the most special thing that you can tell is that through this facility, you can send money to anyone using this mobile number and email id. This is the feature that you can instantly use any bank debit card or internet banking. You can easily add money.

Review– Where people are availing both e-wallet and UPI facility but there is the limited option of bill payment

6. Free charge

This is an application that is slowly in its declining stage but still usually keeps informing the user about new offers and seeds through email id. Let us tell you that under its simple process you will receive your offers and coupons. You can use discount coupons made at any partner store only.

This application has also started supporting merchant payments.

Review– Its process is quite easy with peers gives special third but it has some limited features.

Read this also: Top 5 Business Loan Giving Apps in India in the year ‘2020’

2. Benefits of having cashless payment

Just like you know, how cashless payment makes any of our work in a pinch and all the work becomes easy for us, that is why today everyone prefers to pay online so that they do not have any kind of trouble. Let me tell you today about the benefits of having a cashless payment.

Get convenience on payment

On digital payment, you can take advantage of various facilities. On Cashless payment platform, you can easily avoid a long time at ATMs with a tested plastic card bank, especially when you are on a journey, it is the easiest to spend. And is considered a safe alternative

At the same time, one information was given that if you leave low income people, then all the other people benefit from this, all the people of the rest of the country are fiercely using diesel payment today, where you do not have any kind of hassle.

2.  Special discount

You will also know that the government has recently made announcements of exemption. After this, there has been a flood of payment of service tax up to 2000.

It completely boosts your savings where you can tell that the benefits can be estimated by looking at the government issued rebate scheme and cashback offer of e-wallet companies, reward points, and loyalty benefits.

Pay Digital, Get Discounts

  • Service Tax: Savings of 15% service tax on digital transactions less than Rs 2000.
  • Fuel: 0.75% off on payment with the help of credit/debit cards, e-wallet or mobile wallet
  • Rail tickets: 0.5% discount on monthly and season tickets from 1st January. Free insurance of Rs 10 lakhs on taking online train tickets.
  • Rail Catering: 5% discount on digital payment for rail catering, stay, retiring room etc.
  • Highway toll: 10% discount on paying on the national highway through RFID or fast tag in 2016-17
  • Insurance: 10% discount on the purchase of general insurance or payment of premium through the portal
  • 8% discount on taking LIC policy online
  • POS: Public sector banks can charge rent up to Rs 100 only for POS terminals.
  • RuPay: People with Kisan Credit Card will get RuPay Kisan Cards

3. What are the disadvantages of having a cashless payment?

1. On Missing Of mobile, it can be ultimate trouble for you

Due to almost all financial transactions being digital, the importance of mobile will increase greatly and its loss means double loss.

 With no other payment option and no cash, the problem may deepen.

If you are traveling, in a small village or city where there is no banking facility, the problem may increase further. Another problem is that your phone should be always charged. If your phone is switched off or it is discharged in the middle of a transaction your transaction will fail.

2. Over Spending or Expenditure

Transaction with the card and mobile wallet is convenient, but it will make people addicted to spending more. According to Behavioral Finance Theorist in spending cash

People are hesitant to spend instead of cards.

 This will increase the trouble of those who are unable to control expenses due to the card.

  If this happens, many people will prefer to use cash only because they will find it difficult to break their habit.

Please follow and like us:

22 thoughts on “Best Digital Payment Apps benefits in 2020”

  1. Thanks for your tips on this blog. One thing I want to say is always that purchasing electronic products items on the Internet is certainly not new. In truth, in the past few years alone, the marketplace for online electronics has grown noticeably. Today, you could find practically just about any electronic system and tools on the Internet, which include cameras and camcorders to computer pieces and gambling consoles.

  2. I do enjoy the way you have presented this specific matter and it really does offer me personally a lot of fodder for consideration. On the other hand, because of what I have experienced, I just simply hope when the opinions stack on that people keep on point and in no way embark upon a tirade associated with some other news of the day. All the same, thank you for this superb point and even though I can not go along with this in totality, I respect your perspective.

  3. Today, I went to the beach front with my kids. I found a sea shell and gave it to my 4 year old daughter and said “You can hear the ocean if you put this to your ear.” She put the shell to her ear and screamed. There was a hermit crab inside and it pinched her ear. She never wants to go back! LoL I know this is completely off topic but I had to tell someone!

  4. You really make it seem so easy with your presentation but I find this matter to be actually something that I think I would never understand. It seems too complicated and extremely broad for me. I’m looking forward for your next post, I抣l try to get the hang of it!

  5. Most of what you claim is astonishingly appropriate and it makes me wonder the reason why I hadn’t looked at this in this light previously. This piece truly did turn the light on for me as far as this specific topic goes. Nonetheless there is one factor I am not necessarily too comfortable with and while I try to reconcile that with the actual core theme of your issue, permit me see what all the rest of your visitors have to say.Well done.

  6. Pretty element of content. I simply stumbled upon your weblog and in accession capital to claim that I acquire in fact loved account your weblog posts. Anyway I抣l be subscribing on your feeds and even I fulfillment you get entry to consistently fast.

  7. Information on this webpage is very good and organized. I have no prior knowledge on this topic so feeling good to go to other pages also.So many option for digital payment its easy and convinient.Safe and secure payment gateway

  8. Digital payments are technically defined as any payments made using digital instruments. In digital payment, the payer and the payee, both use electronic modes to send and receive money. No hard cash is used.

  9. Cashless India. The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India.

  10. The Digital India programme is a flagship programme of the Government of India with a vision to transform India into a digitally empowered society and knowledge economy. “Faceless, Paperless, Cashless” is one of professed role of Digital India.


Leave a Comment