In the last year, apps for financial transactions have proliferated. Here is a look at some of the apps you may want to try.
UPI apps
After National Payments Corp. of India (NPCI) launched the Unified Payments Interface (UPI) platform; government, banks and fintech companies have either launched new apps to use it or they have revamped their existing apps and linked them with UPI. You can use the Bhim app to carry out UPI transactions, and you can also do it using the mobile app from your existing bank, if it is a UPI member bank. Companies such as PhonePe and Mobikwik also allow you to do UPI transactions. Though the exact process may vary, the broad details stay the same: you have to download the app, enter your registered mobile number, verify with a one-time password (OTP), create a virtual ID (such as: name@bankname) and link it to your bank account. Once linked, you can start sending and receiving money from that account.
