Online recharge and bill payment apps have become increasingly popular in recent years, particularly since demonetisation. There are many advantages to paying your account online. It not only saves you time, but it is also convenient because it uses a fast payment gateway.
Mobile wallets, also known as payment and recharge applications, are payment services supervised by financial regulations and done on a mobile device. Paying using cash, check, debit, or credit card is no longer an option, especially since demonetization in 2016. The modern payment option of paying for a product with a mobile wallet or mobile money transfer is gaining popularity. Cashless and contactless payments have gained a lot of traction since the outbreak. Around the world, the concept of mobile payment is progressively being embraced and utilised in a number of formats.
How do online recharge and bill payments through a mobile app work?
It’s critical that you gain a thorough understanding of how payment apps work. Most payment applications allow you to send and receive payments for free if you use a bank account or an in-app balance. If you use a credit card, you will be charged a fee to send or receive money.
If you’re still searching through your luggage for the proper card to pay with, these applications can make buying at the store a lot easier. You can usually link your credit cards or bank accounts to payment apps. You may then make payments instantly from the app without needing to dig out your credit card, debit card, or cash.
You may be able to pay at a point of sale by touching your phone instead of swiping your credit card, depending on the programme you download and your computer. You might be able to pay for other payment applications or phones by displaying a code to the cashier. Apps will charge you extra fees if you wish to transfer money from your app account to your bank account. The quantity of money you can send each day, week, or month may be limited depending on the app.
Why should I consider paying through a recharge app?
- It’s a lot more convenient: With a mobile recharge app, you don’t have to carry many credit cards or other payment methods with you; instead, you can save them all in one app.
- Easy contactless payments: Contactless payments have gained a lot of traction since the outbreak.
- Secure payments: A recharge app, in addition to having a user-friendly design, ensures that you don’t have to worry about cancelling a bunch of cards if you lose your card.
- No more waiting in lines: Using a recharge app eliminates the stress of waiting in large lines for your payment. You are now the first in line, thanks to a digital interface! It also ensures that your bill payments are processed quickly for increased convenience.
Some of the best bill payment apps in India include:
The internet is flooded with apps that can be useful for paying utility bills, making payments etc. But we must carefully choose our options as it involves monetary transactions and we must be mindful of the security & user experience of the app. Below are a few options that you can look for if you want an app for online payment of utility bills
Paytm: Both Android and iOS users can utilise it. You can effortlessly pay your bills and recharge your phone using the Paytm app and Paytm wallet from the comfort of your own home. Paytm offers a variety of payment alternatives at home, including UPI, pre-saved wallets, credit and debit cards, online banking, and more.
Google Pay: Compatible with both Android and iOS devices. Google Pay is a digital payment, recharging app, and online payment system developed by Google to enable in-app, online, and in-person contactless transactions on mobile devices using Android phones, tablets, and watches. Google Pay makes it simple to make UPI payments and recharge mobile phones.
Read Also – Advantages of online Mobile Recharge
Bajaj Finserv: Bajaj Finserv, a renowned NBFC, now offers a mobile app that makes transactions quick and easy. With the Bajaj Finserv app, you can now pay for your power, DTH, mobile recharge, FASTag, water bills, and more. You can also use the app to pay your credit card payments, loan EMIs, and other bills. Payments can be made via credit and debit cards, UPI, Bajaj Pay wallet, and net banking using the Bajaj Finserv app. Bajaj Finserv app is available with both android and IOS users.
PhonePe: PhonePe is another excellent payment software that you can use to recharge your phone, pay your energy bills, and make rapid purchases at your favourite offline and online retailers using BHIM UPI, your credit card, debit card, or wallet. PhonePe works on both Apple and Android devices.
Recharge apps for bill payments are becoming increasingly popular. They are practical and make transactions go more quickly and smoothly. Also recharge apps have made recharges simpler for you.