UPI payments play an important role in digital payments. Users can send money to anyone in seconds with their mobile devices.UPI quickly gained popularity among users due to its user-friendly interface and cashback offers. Nowadays users are mostly reliable on their payments using UPi only. They can track, check balances, and pay to any other apps in a single click. One of the best advantages is we do not need to visit a bank or ATM to transfer money. We can transfer at any time anywhere.
Due to competition in the Indian market users are getting more cashback offers daily. The recent upi feature to allow to use of Rupay card is giving an additional boost of cashback to users. All upi transactions are rewardable and all apps are giving cashback to users, so let’s find out who are the top players.
Paytm: The All-Rounder
Paytm and its popularity in payments never fade until its launch year of 2010. It covers from A to Z payments for all categories. But its UPI cashback offers are still the best. If you are a new user they welcome you with a red carpet of rewards. New users mostly get rewards for their first 5 payments. If you have a Rupay credit card and never made payments with Paytm you can get up to 500 for scan and pay. You need to check their cashback section every month to activate the offer. There are two types of cashback present in Paytm. For UPI cashback you directly receive it in the bank. If it’s cashback points we can redeem it to gift cards.
Super.money: The Cashback Champion
Recently launched it’s offering up to 5% off all UPI transactions. Quickly this app gained subscribers because of the cashback rate. All the cashback you earn will be redeemable to your bank account. New users can get a flat 11 rs from the invite link. You can utilize refer and earn the option to earn a maximum of 275 rs. super.money additionally launched their Rupay cashback credit card as well.
Aditya Birla Capital (ABCD): Beyond Traditional Banking
ABCD app is also a quickly growing app, that offers various offers every week. You can convert their cashback points to Amazon Pay Gift cards and upi cashback automatically credited to the bank. Every week they introduce new UPI cashback offers for merchant transactions. If you are a new user you can get 30 cashback on the first scan and pay. The only thing we need to focus on this is limited cashback counts(for example only 7000 people get cashback).
Navi: Simplifying Transactions
Navi app has unique Ui which is very easy to use. Their UPI transactions are very fast and rewardable. You can earn rewards as Navi coins and redeem them once it’s reached 5 rs. You can use these reward points to pay your utility bills. For every Upi transaction, you get up to 1000 Navi coins. Each 10 navi coins is equal to 1 rs. You can create a unique QR code for each bank account you have. They slowly introducing offers for recharge and bill payments, so stay tuned for feature offers.
BHIM: The Government Initiative
BHIM is a payment app introduced by our own government. So payments are secured and trustable. You can use the BHIM app to pay merchants and get cashback on lite, and rupay payments. They run a reward program called ‘Rupay scan and score’.You can earn 1 rs for every 400 rs spent using a Rupay credit card. These coins will be redeemable as gift cards. There are three levels in the rupay scan and score.
- Silver(get 1 coin for 400 spent)
- Gold(get 1 coin for 200 spent)
- Platinum(get 1 coin for 100 spent)
Apart from this cashback offers for credit card bill payments, electricity,swiggy, and zomato discount offers are available in this app.
Mobikwik: Wallet and UPI Combo
Mobikik wallet is known as its popular cashback scheme. After entering into the UPi it gives up to 5% cashback on all upi transactions. the cashback will be credited to your wallet and we can transfer it to the bank without any charges. New users get 20 rs cashback instantly on the first UPI transaction of 25 rs.
Google Pay: Efficiency and Cashback
Google Pay is known for its scratch card rewards. The first app to introduce scratch cards and promising rewards. New users can get 21 instantly on the first transaction. Additionally, if you have a Visa card with a tap-and-pay option you can get flat 200 cashback on the first tap-and-pay transaction.
Amazon Pay UPI & Flipkart UPI: E-Commerce Benefits
The shopping giants also entered the upi market. The cashback you earn will be useful in their shopping sites so they additionally boost their sales as well as giving fruitful cashback. Flipkart mostly gives cashback for shopping(save 25 rs ) like that and scan and pay offers(get 5 rs for each upi transaction). Amazonpay Upi users can get up to 10 on every upi transaction. Most of the users prefer Amazon to pay UPI because of its frequent rewards.
HP pay UPI: New player
The popular HP Petroleum introduced its new app called HP Pay. The new users get 50 reward points instantly on a 100 rs transaction and 10 reward points for each upi payment of 50. Users can earn a maximum of 30 rs per month.
PhonePe: Comprehensive Payment Solutions
Compared to other apps phonepe’s cashback rate is low but payment is fast and secure. They run offers frequently for new users and old users. We need to check the notifications and utilize them at that time.
