Top 5 Best Digital Payment Apps of 2020.

Best digital payment apps of 2020:  Human civilization has come from a long way of transactions and exchange. In olden days, goods were exchanged for goods called barter system, to money exchange via different physical modes like cheque or cash. But with increased digitization many cash based economies has shifted to digital modes transfer like wire transfer or digital payment applications. This article is about top 5 digital payment apps of 2020 and why you should be using one to avoid hassles and frustrations.

Digital payment apps are huge hit in developed as well as developing countries. There is a big list of applications available in Google Play Store or iOS App Store like PayPal, Samsung Pay, Apple Pay, Google Pay etc. all these applications not only give users to transfer money but also provides various other features like cashback, discount coupons, free movie tickets, bill payments, shopping etc. Still confused which one should you pick? Take a look at some features that your digital payment app must have to be the best phone payment app of 2020.

Best digital payment apps of 2020
Best Digital Payment Apps of 2020

Must have features in best digital payment apps of 2020:

Simple User Interface: Of course one of the most important feature to be in list of top 5 digital payment apps of 2020  for any mobile application. An easy user interface not only helps non-tech people to use these applications easily but also give users a reason to switch to these digital payment apps instead of using mobile or internet banking.

Easy to Integrate with your bank accounts: When you are talking about best phone payment apps of 2020 we should keep in mind that people nowadays has multiple bank accounts. So, an application should be able to add and transact between multiple bank accounts of same person.

Security: Well you will never use that application which lacks security and if it is about digital money transactions it’s a no always. High level encryption with all security layers is a must feature in best digital payment apps of 2020.

Transfer Limit: Any good phone payment app should have decent transfer limit, so that users can send or receive money in case of any emergencies at the same time apps must ensure to make big amount transactions as much secure as possible.

Top 5 Digital Payment Apps of 2020

Below I have listed my list of Top 5 digital payment apps of 2020. Hopefully, when you use these digital payment apps they will surely help you to get rid of worrying about your wallet safety.

Best Digital Payment Apps of 2020:

PayPal: One of the oldest and most reliable digital payment app still used widely worldwide. With more than 200 million users worldwide, PayPal is surely number one in our list of top 5 digital payment apps of 2020. It provide its users various features like buyer protection, no surcharge on money transfer to friend or family, instant linking with multiple bank accounts or credit cards, cashback on online shopping or movie ticket transactions. So, you should try PayPal if you are planning to go digital for your money transactions and shopping.

Google Pay: One of the best and most reliable digital payment app of 2020, available in Google Play Store and Apple iOS store. Google Pay is always my personal preference for its simple user interface, instant money transfer with UPI and no need to add any beneficiary. Best part about Google Pay is it does not hold any of your transactions or transaction details which ensure highest level of security to users. Google Pay is the need of 2020 for digital transactions and who knows you will earn some big rewards with Google Pay scratch cards.

Apple Pay: Apple Pay is digital payment interface or application available to apple users only and is currently one of the best digital payment apps of 2020. As per Apple’s claims Apple Pay is one of the most secure digital payment apps available right now. With features like sending and receiving money in messages from friends or family, can be disabled remotely with find my iPhone feature makes this app unique from others. Only limitation is it is currently available to Apple users only.

Best phone Payment Apps of 2020
Best phone Payment Apps of 2020

Venmo: Venmo is a new generation digital payment app available for Android as well as iOS users. Although Venmo is owned by PayPal but it is very much different from PayPal in features and UI which makes it to our list of digital payment apps of 2020. One can transfer money with various options like Credit Card, Debit Card or bank accounts directly. Hassle free link your bank account with Venmo and start transactions in no time. You can also pay restaurant bills, split bills between friends and all these features make Venmo one of the top 5 digital payment apps of 2020

Zelle: Surely the last in our list but very reliable app for digital transactions. Zelle has partnered with leading banks and credit unions across the U.S. to bring you a fast, safe and easy way to send money to friends and family. Zelle is ranked as one of the best phone payment apps of 2020 in terms of services and ease of doing transactions. You should try this app, if you have a bank account in the U.S.

Note: This article on best digital payment apps of 2020 is not sponsored by any application or third party services. It is completely my personal preference that I have mentioned here as Top 5 digital payment apps of 2020. Please read all the terms and conditions before using any of these applications as features and availability may vary from country to country.

I hope now you no longer have to stand in bank queues for any money transactions and services involving cash notes. These are some of the best digital payment apps of 2020 that you can use in your Android or Apple mobiles. If you still have any queries feel free to comment below.

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