23 Best Online Money Transfer Apps for 2023

10 Dec 20  

Reading Time: 14 minutes

Fazmeena Faisal


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A few years ago, would we have imagined going out for dinner or shopping without enough cash stacked in our wallet? Or doing an international transfer without hours of waiting at an agency? But today, it will be among the last of our concerns, thanks to cashless transactions. Online money transfer makes financial transactions easy, simple, and convenient.

As the world is moving towards a digital future, a cashless economy will become inevitable. Money transfer apps make the transition to this cashless economy easy. Money transfer app development is booming and there are several best money transfer apps that support secure and instant cash transactions. In this article, we will take a look at the top 23 online money transfer apps. But before that, let’s see what money transfer apps are and how they work.

What Are Money Transfer Apps?

Money transfer apps are mobile applications that allow people to transfer money through them. Whether you are splitting a bill with a friend or paying for a purchase, online money sending apps can come of service. It makes money sharing easy, quick, and accessible at all times. Owing to their security, convenience, and transparency, people all over the world have embraced money transfer apps into their daily lives.

Be it writing a cheque or depositing/withdrawing money, banks have aided our cash transfers since the beginning. But during the initial period, when money transfers were going digital, banks have been slow in integrating this change. That gave rise to several third-party money transfer apps. By connecting our bank account with these apps, money transfer became something we could do at the touch of a fingertip, literally. Today, the banks have also entered the game, and the market is saturated with money transfer apps, some good and some bad.

Are Money Transfer Apps Safe?

When dealing with financial data, security is crucial. We are talking about hard-earned money, so there will always be a question, “is it safe?”

The best money transfer apps are the ones that are safe and ensure the protection of users’ data. Several safety methods are integrated by most apps for transferring money. But there is always a risk of scams. Since it is difficult to recover the funds once a transfer is made online, it is essential to choose apps that are safe and be vigilant while performing transactions.

Some measures you can take to increase the protection of your transfers are:

  • Increase the security of the app from settings. Most money transfer apps generally resort to low-security settings by default.
  • Recheck recipient details to make sure it’s the right person you are transferring money to.
  • Ensure the credibility of the other party when transferring money to unknown contacts or businesses.

Before downloading an online payment transfer app and linking your bank account details, make sure to research. Ensure that it is safe and authentic. Although there is a potential risk associated with the online transfer, choosing the best money transfer apps can eliminate that and simplify our lives to a great extent.

How to Choose the Best Money Transfer App For Your Needs?

A single search on your device’s app store for money transfer apps will give you thousands of results. To choose the best money transfer app from them, which is most suited for your needs, is not an easy decision. So what are the factors you need to consider when choosing a money transfer app?

1. Geographic Location

Some money transfer apps are only available in particular countries. So before you download an app, it is crucial to ensure that the app is available in your location and your receivers’ locations. Look into whether the app supports the currencies you wish to deal with, whether it has any restrictions in the countries you want to transfer funds to, etc. 

2. Transfer Speed

The speed at which a money transfer is completed varies from app to app. While some apps may transfer money instantly or within the same day, some take a day or two to complete a transaction. Depending on how fast you want your money transfer to be, you should choose a suitable app. 

3. Transfer Cost

Transfer cost is a vital factor to consider when you are looking to perform an international money transfer. Different online money transfer apps have different transfer rates. Some apps charge only a minimum, while others charge exorbitant fees. It’s best to choose a money transfer app that has the lowest fees and gives a reasonable exchange rate.

4. Transfer Limit

Most money transfer apps have limits on the amount of money that it allows you to transfer. Some apps may have daily limits, while some have weekly or monthly limits. If you are looking to transfer large amounts of money, this can be a disadvantage. So depending on your transfer needs, choose the best money transfer app you can use without any restrictions.

5. Reliability

Since the market is saturated with money transfer apps, you should be careful in choosing one that is reliable. Money transfer apps that are developed by banks, financial institutions, or well-known companies can be trusted without any doubt. So even if their setup or transfer process is a little complicated, it’s ideal to choose them over money transfer apps from unknown developers. Also, apps from reliable companies provide better customer service. 

How Does Payment Transfer Apps Work?

The best thing about money transfer apps is they are super simple to use. The steps are pretty basic- you download an app from the app store, link your bank or card details, and voila, you are ready to go!

Most times, to send money to someone through an app, they also need to have it installed. But some apps allow receivers to collect money in cash, mostly for international transfers. You can either keep the money directly in a bank account or keep it as app cash, using which you can do transfers, purchases, etc. Many apps provide associated discounts or cashback for using their app balance, a great boon of online money transfer apps.

The best money transfer apps have the simplest interface. They are intuitive and guide even a first time user very efficiently to perform a transaction successfully.

Top 23 Online Money Transfer Apps for Safe Payment

Due to the tremendous popularity of mobile app development, the number of online money transfer apps in the app store and play store is vast. It is challenging to figure out which app you should go for. Some apps might not be safe, while some may have a complicated interface making it difficult to use. In this section, we will see the 23 best money transfer apps are for 2022 and what their features are.

1. Google Pay

A product of Google, Google pay is among the most trusted money transfer apps. It is available on both the play store and app store and is very easy to set up.  Using Google pay, you can send money to your friends, family, and even people who are not on your contact list. It has provisions for recharges, bill payments and also supports e-commerce transactions.


  • Excellent reward system that credits the rewards directly to the bank account
  • No transaction fees
  • World-class security and protection from hacking and frauds

Download App : Android, iOS

2. CashApp

Built by Square, a company known for providing payments for millions of businesses worldwide, CashApp is one of the best money transfer apps. With CashApp, it is easy to send and receive through phone numbers, QR codes, or a unique cashtag. A cash card is an excellent feature of this app, which acts as a debit card that you can use to pay online or in stores. Available on the app store and play store, the app supports free transactions for personal services, but for the business version, there is a small fee. The service of CashApp is available only in the US and UK.


  • Encryption certified and excellent security protection
  • Supports investment in stock markets
  • Push notification system to alert you of any actions

Download App : Android, iOS

3. PayPal

One of the oldest online money transfer app, Paypal is a trusted finance service available globally. You can transfer funds to your contacts through a bank account, PayPal cash, or through credit/debit cards. For transfers through credit/debit cards, Paypal charges a small fee. It is available on the App Store and play store and can be used to transfer funds internationally. PayPal Business can be used to conduct business transactions with this app.


  • Tight security measures
  • Spend notifications to keep track of your transactions
  • Interest-free instalment solution with Pay in 4 feature

Download App : Android, iOS

4. Western Union

With its presence in 200+ countries and territories, Western Union is the most popular money transfer service worldwide. Trusted by over 150 million customers and performing transactions for 145 years, it is an established service that can be used to transfer money in a quick and easy way. Features such as starting a transfer through touch ID and scanning credit/debit card instead of entering all card information make it a convenient app to set up and use.


  • Easy tracking of transfers using the unique tracking number
  • Supports payment of bills for thousands of companies
  • Options to pay/receive using credit/debit cards, from bank accounts, or with cash

Download App : Android, iOS

5. Venmo

Venmo is a online money sending app with added social features designed keeping the young audience in mind. It is a child company of PayPal. But unlike PayPal, which focuses on business contacts, Venmo focuses on peer to peer transfers. It is an app focused on the youngsters, keeping the best mobile app development trends in mind. With more than 60 million people using the Venmo app, it is proving to be a quick and easy solution for money transfer. Venmo works only in the USA.


  • Personalize payments with emojis, stickers, or sweet notes
  • No hidden charges for sending money through ways other than using a linked credit card
  • Pay businesses using Venmo cash

Download App : Android, iOS

6. Zelle

What makes Zelle the best money transfer app is that it offers a way to transfer money directly from the bank. Zelle is associated with several big banks, and people who have accounts in those participating banks can use Zelle to perform same-day transfers. If you don’t want to download the Zelle app, you can use Zelle straight from your banking app, meaning transfer without any additional download! Zelle is available only in the United States.


  • Fast transfer within minutes
  • Money travels straight from one bank to another, so assured safety
  • Totally free service

Download App : Android, iOS

7. ApplePay

ApplePay is a secure digital money transfer app that works with all Apple devices. It is a simple and safe method to perform purchases in apps, stores, or the web. It can also be used to subscribe to Apple News, Apple Music, upgrading iCloud, or other Apple services. There is no need to create an account or fill out forms; you can make purchases with just your touch ID. The most enticing feature of Apple Pay is that you can transfer money directly through messages; no app download is required!


  • Transfer money using voice assistant, Siri
  • Integration with Apple card makes it easy to use Apple cash through Apple pay
  • Purchases are safe and private.

Download App : iOS

8. Paytm

Paytm is a leading financial service company that supports payments, banking, commerce, and investments. Paytm users can do recharges, mobile wallet services, bill payments, and ticket bookings for movies and travel online. Also, through Paytm mall, users can buy and sell and conduct marketplace transactions.  It also offers a Paytm money feature for Paytm users to invest in stocks and mutual funds.


  • Amazing cashback and discounts
  • No extra charge to transfer money to wallet or bank
  • It has UPI support

Download App : Android, iOS

9. WorldRemit

WorldRemit is the greatest online money transfer app for international transfers. It supports transfer to more than 150 countries in 90 currencies entirely online without the need of any agents. The transactions are authorized very fast, in a matter of minutes, and are 100% safe. It offers a variety of ways to perform transactions, through bank transfers, cash, mobile money, or airtime top-up. It utilizes industry-leading technologies to guarantee the safety of your money transfer. It levies a transfer fee, which varies depending upon the sum and location, but the fee is lesser than other international transfer apps.


  • Track transfers from the app
  • Completion notification to senders and receivers when a transfer is done
  • First three transactions are free of the transfer fee

Download App : Android, iOS

10. Azimo

Trusted by over 1 million customers, Azimo is a fast and cheap way to do money transfers globally. Its customer service is excellent, with over 200,000 pick-up points worldwide. It provides excellent conversion rates and has a low transfer fee compared to traditional money transfer providers. It has 24*7 delivery, even on weekends, and it assures transfer within one hour in 80+ countries. It has customer support in 8 languages and provides email, chat, and in-app phone support.


  • Assured safety for your card details and transactions
  • Currency alerts notify of the best rates
  • Supported by anti-fraud and encryption technology

Download App : Android, iOS

11. Facebook Messenger

The social media giant Facebook is always coming up with innovative mobile app ideas and has integrated money transfer features in their messenger. Currently, it is available only in the USA. Since most people have a Facebook account, it is a very convenient way to transfer money to your contacts. All it requires is the debit card details of sender and receiver to do transactions. It keeps all payment information private, and the payment is reflected in the bank account in 1-5 business days.


  • No sign-up or app download required
  • The service is free to use
  • Industry leading security with PIN protection and anti fraud team

Download App : Android, iOS

12. Moneygram

With millions of customers around the globe, Moneygram is a global leader in P2P payments and money transfers. Its service is available in more than 200 countries. Customers can connect online, in-app, or at a kiosk to avail the affordable and reliable service of Moneygram. Besides money transfer, it supports bill payment, money orders, banking, etc. It is one of the finest money transfer apps that utilize the industry’s latest digital capabilities.


  • Exclusive rewards for repeat customers
  • Available in 380,000 locations worldwide
  • Offers business solutions to expand business portfolio with least efforts

Download App : Android, iOS

13. TransferWise

TransferWise claims to be up to 8x cheaper than banks and has a community of over 9 million people. What makes it a unique app in international money transfer is that it uses real-time exchange rates. It offers reasonable exchange rates, has a low transfer charge, and does not contain any hidden fees. TrasnferWise states that they save people and businesses from $3 million in hidden fees every day.


  • International transfers are fast, efficient, and transparent
  • Great customer support in multiple languages
  • FCA regulated

Download App : Android, iOS

14. Freecharge

Freecharge is an easy and quick money transfer platform that is loved by people for its simple interface. Besides money transfer, it supports bill payments, bookings, shopping, and recharges. It supports integration with UPI, making transactions with Freecharge simple. Secure and protected transactions make it a reliable service. Freecharge is available only in India.


  • Cashbacks, coupons, and exciting rewards
  • Facility for investment in mutual funds
  • Simple and easy to set up

Download App : Android, iOS

15. Mobikwik

Mobikwik is an independent financial service that promotes simple, fast, and hassle-free payments. With a network of over 3 million merchants and 107 million users, it is among the fastest-growing mobile transfer apps. Users can perform money transfers, recharges, billing, and local shopping using the Mobikwik app. It also has a facility to give loans in a mobile wallet with many benefits such as no collateral, simple and easy process, etc.


  • Loan disbursal within minutes
  • Supports UPI payment
  • Amazing cashback and discounts

Download App : Android, iOS

16. AmazonPay

An initiative by the e-commerce giant Amazon, AmazonPay aims to serve customers better by making payments easy and delightful. It can be used to send money to friends and family, recharge, pay bills, and pay for delivery using one-click easy payments. It assures 100% buyers protection and is of world-class security. It also supports EMI payments.


  • Easy payments and fast refunds
  • Unlimited rewards and attractive offers
  • Easy setup for merchants to accept in-store payments using QR code

Download App : Android, iOS

17. PhonePe

PhonePe is one of the best money transfer apps in India that is partnered with 11 million+ stores, apps, and websites. Using PhonePe, you can recharge, pay bills, and send money. A feature called PhonePe Switch lets users order food, groceries, medicine, and book travel tickets without downloading any separate apps. Another feature called PhonePe for businesses can be used to integrate digital payment solutions for business needs.


  • Best-in-class security system with 100% fraud prevention
  • Excellent reward and cashback system
  • Simple and easy user interface

Download App : Android, iOS

18. Samsung Pay

Samsung Pay is a mobile payment service offered by Samsung Galaxy smartphones using which users can perform all purchases by adding their credit/debit card details to the phone. It uses the MST and NFC technologies to carry out contactless payments. For Samsung Galaxy users, it is a secure and convenient option to make online payments without installing any other apps. It supports mobile wallet transfers, bill payments, and in-store payments. However, it is not available on all Samsung Galaxy models.


  • Samsung Pay supports UPI
  • Has a 3 level security setting- iris scanner, fingerprint, pin authentication
  • An exciting reward system with discounts, vouchers, and more

Download App : Android

19. OFX Money Transfer

It is an international money transfer that helps to make fast and secure mobile money transfers. It can be used to send money to 190+ countries in 55+ currencies. OFX Money Transfer app gives live rates and updated currency market trends, so it is a trusted money transfer partner of over 1 million people. The registration to the app is easy, and money transfer can be performed in simple steps. The transfer is quick, has reasonable exchange rates, and low transaction fees.


  • Supports rapid transfer where you can lock in a great exchange rate
  • 24/7 customer support over call
  • Includes features for currency conversion and transfer tracking

Download App : Android, iOS

20. Payoneer

With an idea to empower businesses in India to perform cross border payments, Payoneer started out as a free payment platform. Today, it has more than 4 million customers and is present in 200+ countries. Payoneer is a trusted payment solution for freelancers, e-commerce sellers, and digital marketers. It has helped many companies expand their business beyond borders. To date, it has processed over 20 billion cross-border payments and is providing endless opportunities for businesses.


  • Manage multiple store payments from one location
  • Pay VAT for zero fees
  • Receive digital FIRC to your Payoneer account for free

Download App : Android, iOS

21. BHIM

Bharat Interface for Money (BHIM) is a money transfer app that integrates UPI to make transactions simple, easy, and quick. Available on both Android and iOS, BHIM was launched in 2016. It has a provision for users to customize their profile and check transaction history. Through BHIM, users can send money through VPA, using bank details, or through QR code scanning. It has an easy setup process and supports safe and secure transactions. 


  • UPI Autopay for recurring payments
  • Great UPI offers in partnership with almost all major Indian e-commerce stores
  • Supports 20 Indian languages

Download App : Android, iOS

22. Ola Money

Ola Cabs, an established online taxi service, introduced Ola Money with an aim to provide world-class financial services for the new generation of India. It is available as a standalone app as well as an added feature in the Ola app. It has several features such as postpaid, credit card, wallet, and hospicash (an innovative hospital cash plan feature). It can be used on Ola rides, hotel bookings, flight bookings, food, movies, shopping and on 300+ apps as of now. It makes money transfer fast, safe, and provides a seamless experience to users.


  • Can pay for all payments once in every 15 days
  • No hidden charges or terms and conditions
  • Amazing cashback and rewards on all spendings

Download App : Android, iOS

23. WhatsApp Money

In November 2020, WhatsApp, a popular messaging app, partnered with National Payments Corporation of India to roll out a feature called WhatsApp Money enabling people across India to send money through WhatsApp. They work with five leading banks in India- ICICI, HDFC, State Bank of India, Axis, and Jio Payments Bank- to enable money transfer via UPI support. By integrating UPI with Whatsapp, the company aims to make online money transfer accessible for all. It is currently available for people who are on the latest update of Android and iPhone. 


  • Powerfully designed security and privacy
  • Can perform transactions with 160+ supported banks
  • No additional download required

Download App : Android, iOS

These are the 23 best online money transfer apps for 2022 that will offer you convenience and safety and help make cashless transfer your go-to payment method.

If you want to create a mobile app for facilitating online money transfers, the best option is to contact a mobile app development company with experience in developing safe and user-friendly applications. Mindster is a leader in providing mobile app development solutions with exceptional knowledge in the area of developing an e-wallet app. We help you create the best mobile app to bring your ideas into reality.

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