WhatsApp Payments vs Google Tez vs PhonePe vs Paytm vs BHIM – Who’s The Winner?

We conducted a thorough investigation of various mobile wallets in India to find out which one is best for you.

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Which mobile wallet is the best in India?
Which mobile wallet is the best in India?

Facebook-owned WhatsApp has started rolling out its in-app UPI payments recently, and the WhatsApp Payments feature is now available to the masses. The Indian e-payments place is already overcrowded with multiple players, and the number of operators are growing day by day.

Currently, with over a dozen of them operating in the Indian digital space, WhatsApp has a huge advantage over the others with its massive user base. WhatsApp Payments will be going against some of the top-performing digital payments carriers like Google Tez, Flipkart backed PhonePe, Paytm, BHIM and more.

With so many options available in the market, which one offers the best features, or which one suits you the most? Here is a complete analysis.

Google Tez
Google Tez

Google Tez

Powered by internet giant Google, Tez is a digital payments app based on NPCI’s UPI platform. Unlike other UPI-based payment wallets, Google Tez is not a wallet and allows the money to be directly transferred to bank accounts and not to any wallet.

Availability

iOS & Android

Daily Limit

More Than 20 Times a Day

Maximum Limit

More Than Rs 1 Lakh

Extra Features

Electricity, Phone Bills, DTH & More

UPI Transactions

Available

Bank Transfer Charges

Nil

BHIM
BHIM

BHIM

The first UPI based app, Bharat Interface for Money or BHIM lets users send and receive money directly to their bank accounts using Unified Payments Interface (UPI). BHIM uses UPI and also has a QR code available with the BHIM app to make and receive payments.

Daily Limit

Rs 20,000 per transaction

Maximum Limit

Rs 20,000 per day

Extra Features

Scan & Pay, Request Money & More

UPI Transactions

Available

Bank Transfer Charges

Nil

Whatsapp Payments
Whatsapp Payments

WhatsApp Payments

WhatsApp has partnered with four leading Indian banks to support its Payments feature in the country. Already joined by HDFC, ICICI and Axis, SBI will join the platform later when necessary systems are in place. Backed by Facebook, one can directly send and receive money via WhatsApp to and from their bank accounts.

Daily Limit

Rs 5,000 per transaction

Maximum Limit

20 Times a Day

Extra Features

Send Money, Request Money & More

UPI Transactions

Available

Bank Transfer Charges

Nil

Flipkart PhonePe

Backed by India’s largest e-commerce company Flipkart, PhonePe was initially launched as a digital payments-only platform. With UPI under its cap, one can send and receive money directly to and from bank accounts at zero charges. They a wallet available as well, and also allows DTH, Electricity, Phone bill payments.

Daily Limit

20 Times a Day (UPI)

Maximum Limit

Rs 10,000 (Wallet)

Rs 1 Lakh (UPI)

Extra Features

Electricity, Phone Bills, DTH & More

UPI Transactions

Available

Bank Transfer Charges

Nil

Paytm
Paytm

Paytm

India’s current number one digital payments player is Paytm. Launched in 2010, Paytm has a complete ecosystem available on its app. From a normal wallet to UPI based transfers to a Payments Bank to options to book movie tickets, pay electric bill or book a flight or even text with your friend. Paytm hall all the features available on a payments app you will ever need.

Daily Limit

20 Times a Day (UPI)

No Limit (Wallet)

Maximum Limit

Rs 1 Lakh (Wallet)

More Than Rs 1 Lakh (UPI Bank Transfer)

Extra Features

Payments Bank, UPI Payments, Movie Tickets, Flight Booking, Bus Tickets & More.

UPI Transactions

Available

Bank Transfer Charges

Nil

So, Who’s The Best?

In terms of ease and availability, Paytm is most suitable digital payments app to be used in India. With literally every feature Paytm has, there’s no alternative available in the market in terms of versatility. From bus, flights, movie bookings to a digital bank, Paytm is the best suit. Google Tez also features multiple options with no hassle of a wallet.

If you want a platform with all the features at one place, Paytm is a definite choice, but if you don’t want the hassle of an extra e-wallet, Google Tez is the best choice for you.

"WhatsApp Payments vs Google Tez vs PhonePe vs Paytm vs BHIM – Who’s The Winner?", 4 out of 5 based on 7 ratings.
  1. Arun says

    Paytm is good app but as per UI convenience Phonepe is the best. Google Tez became popular due to rewards and the brand effect of Google there is nothing more in that app. Phonepe got the most unique feature like self bank transfer. None of the other app got this feature. As per me Phonepe app is flexible and Winner of all.

  2. Bhawna says

    Great Article

  3. Richa says

    nice post

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