Making payments with cash is no more a cool thing, as you can simply do it through your smartphone with just a few clicks. Finance and Banking sector have been completely revolutionized with the introduction of internet and smartphones. Not only you can pay for something with your mobile, you can actually do it with almost no delay. Instant transactions are the latest big thing happening now. Today, almost everyone owns a smartphone whether it’s android, iPhone, or any other. Once you link your bank account or credit card to these mobile payment apps, you can then start sending and receiving money from anywhere in the world.
Top 10 Mobile Payment Apps
These apps let you to deal with person-to-person payments along with merchant transactions as well. Everything is secure and safe, so you don’t have to worry about the security of your money, even though you shouldn’t be careless. Here’s a look at these amazing apps:
You must have probably heard about this digital payment giant. Paypal’s smartphone app is being used by over 170 million people across the world. This app supports 26 major currencies and it’s available in 203 countries. Paying through Paypal is extremely easy. Paypal doesn’t charge you any fee, if you’re sending money from your bank account or paypal balance.Read Also: Best App Lockers For Android
Paypal has recently acquired this app, but it’s still is a different experience of operating this mobile app. Venmo is primarily an app that’s intended for sending money to friends and family members. You can send money for fee through your debit card, with this app. Furthermore, you can also use this app to pay at many merchants.
This app is a bit similar to Venmo, but it still has its own and unique features. With this app, you can send and receive money very easily, as long as the other party also has a Square Cash account. This app also offers a wallet option. Recently, Square Cash has added the feature that allows you to buy and sell Bitcoin.
Smartphone manufacturing giant, Samsung has developed its own payments app called Samsung Pay. It supports a wide range of Samsung smartphones, but not any others. But it makes up for this issue, by offering merchant transactions through NFC technology. Almost all credit cards are compatible with it, so you can pay for your purchases, even though the business owner is not using this app.
One more smartphone behemoth, Apple has introduced their efficient mobile payment solutions called Apple Pay. Actually, you don’t have to download any app to use this service. As long as you have an iPhone, it’s all good. You can send money through iMessage or you can simply pay for your purchases to the merchants with this.
The card processing company, MasterCard has launched their mobile payment service named Qkr. This app saves you a lot of time and effort, as you don’t have to enter your card details to make a payment at merchants. Qkr is compatible with many businesses, and they’re aiming to expand the list soon.
This app uses QR codes to process your payments. Just by scanning QR code, you can make payments seamlessly. Once you add a debit or credit card, you’re ready to make payments from that instant. Furthermore, this also allows your earn rewards for your usage.
Finally, this list concludes with one of the fastest growing mobile payment apps, Android Pay. This app uses NFC technology to process payments. You need to add a debit or credit card to be able to use this app. Just by tapping your phone, you can pay through this app at compatible merchant terminals. It can also be used on desktops via chrome browser.
This is a great app for people who want to send money to almost anywhere in the world. You can also hold money on your TransferWise account and only exchange it to your local currency when the rate is good enough for you. Free Multi-Currency accounts are available with this app. Additionally, you can also make payments such as bills, mortgages, and similar others. You can also receive money from your friends or family members. This app currently supports 28 major currencies.
TransferGo is a payment app that supports a whopping list of 22 currencies and 47 countries. They offer special services to business owners as well. They offer money transfers for incredibly lower prices, which makes it one of the best payment apps out there. This app is currently being used by over half a million users across the world. You can send money within seconds through TransferGo.
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The age of information has completely changed the way we make transactions. This phenomenon is expected to receive more disruptions, with future addition of Machine learning and Artificial Intelligence. For now, you can download any of the above-mentioned mobile payment apps and enjoy making transactions with just a couple of taps.