Tuesday, June 22, 2021

Best Mobile Payment Apps 2021

Must read

Jhanvi Sharma
I am currently doing my Master's in Economics. I love to read books and learn something new every day and I like to write about trending stuff. Exploring new things around me is what I love. Follow your passion>>>

There is no doubt that many people are switching to digital payments and they are going cashless these days, and I guess they need to know the best mobile payment apps 2021. Younger crowd prefer to use credit cards, and debit cards and they skip cash. And many of them even ditched physical cards, and they store their card information in their wallets on their wearables or smartphones.

Many are changing their payment mode due to Covid-19 pandemic and going to contactless payments such as Google pay and Apple Pay. It’s very convenient to use digital wallets according to me. There is no worry if you lose your wallet at home as you have everything on their device. You may be finding it difficult to choose the best mobile payment apps that provide the security at its best, and you can rely on them.

All these apps are the best pay apps, and you can easily make a mobile payment with these apps. Many business owners also give you the option of paying with your choice of technology. As there are a large number of mobile payment apps I have put the very best on the list and they are Apple Pay, Google Pay, PayPal, Venmo, Square Cash App, Samsung Pay, and Walmart pay.

These are the best options for you to pick up a few best mobile payment apps to priortize. You can have a look at all of them and get more details about these apps and decide which mobile payment apps suits you best for different situations.

Best Mobile Payment Apps 2021 with Compatibility and Requirements.

All these apps are the best mobile payment apps because of their feature sets, as everyone accepts them, their user base, and they are integrating with your existing payment system. Some apps may not be there in the list but you consider them the best, but let me tell you you must try these apps and then consider them the best mobile payment apps 2021

Apple Pay

Best Mobile Pyament Apps 2021
source- BBVA

It is one of the best mobile payment apps with all the full and best featured NFC payment in the market today. Its services is available in more than 55 countries. Users can also store their credit card, prepaid card or debit card in the app and then later they can make purchases with these cards at any physical store, inside an app or online. There is also a portion of storing electronic cash in apple cash to lend some money from a credit card, debit card or a bank account.

Features of Apple Pay

  • You can store your tokenized cards here.
  • There is also an electronic cash store.
  • You can use the cash account using iMessage or Siri.
  • It is a password-protected app with face recognition or fingerprint scan.
  • There is in-store payments.
  • You can make P2P payments.
  • There is eCommerece and In-App payments.

Compatibility

It is compatible with iOS devices.

Requirements for merchants to accept

It can be accepted through NFC compatible credit card reader or terminal for in-Store purchases and developer for eCommerce.

Google Pay

best mobile payment apps 2021
source- GSMArena.com

Just like the Apple Pay Google Pay is also one of the best mobile payment apps with Full-featured NFC payment along with a formidable user base. You can store prepaid, debit card or credit card and loyalty cards in Google Pay and use the card through a browser or a phone or inside an app. You can quickly transfer money using Goggle Pay. It requires a phone number or email of a person. It can even be linked with your PayPal account.

Features of Google Pay

  • It is available for both iOS and Android
  • You can link your PayPal account to Google Pay for some additional layer of convenience.
  • Your card information is highly secured.
  • Encryption, password and biometrics protect your information.
  • There is in-store payments.
  • You can make P2P payments.
  • There is eCommerece and in-app payments.

Compatibility

It is compatible with iOS as well as Android

Requirements for merchants to accept

There is NFC compatible credit card reader or terminal for store purchases and developer for eCommerce.

PayPal

best mobile payment apps 2021
source- Forbes

When it comes to best mobile payment apps, Paypal remains the king there as it started in the early days of internet payments. A lot many users have signed up here from that time. It has a total of 361 million active users and makes it challenging to ignore online payments. You can use a PayPal account by linking its credit card or bank account to PayPal. If you receive your money into PayPal account, then the funds will be kept there indefinitely, and it can be transferred to a bank account, and you can also use PayPal debit MasterCard.

Features of PayPal

  • It has a million active users so you can easily rely on the app.
  • It has a web dashboard and a mobile app that is compatible with iOS and Android device.
  • Users can use a fast checkout option called one-touch used for login and auto-filling of billing information.
  • It can also be linked to your Google Pay and Samsung pay.
  • There is In-Store Payments available via Google Play.
  • There is eCommerece and In-app Payments.
  • You can make P2P payments.

Compatibility

It is compatible with Web, iOS, and Android.

Requirements for merchants to accept

They need a PayPal Business account developer for eCommerce and in-app.

Venmo

Best mobile payemnt apps 2021
source- WOUB

It is one of the most popular and best mobile payment apps for younger users. It is known more the social networking element where you can broadcast your purchases with your friends and family. It is owned by PayPal and often used to send money to family members and split a bill among the friends.

Features of Venmo

  • You can broadcast your latest purchases here.
  • A user can make direct purchases in three ways using Venmo.
  • There is a feature of the Business Profile.
  • It is easy to set up, and you will get a QR code unique to your business.
  • There is In-store Payments
  • You can make P2P payments.

Compatibility

It is compatible with Web, Android and iOS.

Requirements for merchants to accept

They need Venmo and PayPal or Braintree business accounts. A developer for integrating code to the web store and app. Alos NFC enabled reader and terminal for in-store debit charges.

Square Cash App

best mobile payment apps 2021
source- The Verge

This cash app is owned by square. Here users can fund the account by linking their account to bank account or debit card. That cash card is also used like any debit card that includes ATM withdrawals and even added to Google Pay or Apple Pay.

Features of Square Cash app

  • Users can send money or request money from other users through a hashtag.
  • Users can visit and scan a QR code to send money.
  • Services based businesses can use the cash app to get paid.
  • There is in-store payments.
  • You can make P2P payments.
  • There is eCommerce and In-App payments.

Compatibility

It is compatible with Web, Android and iOS.

Requirements for merchants to accept

There requires a square cash account dedicated for business use; they need NFC compatible reader and terminal for in-store purchases through Google Pay or Apple Pay.

Have a look at Best Educational Apps for iOS

Samsung Pay

best mobile payment apps 2021
source- Samsung Global Newsroom

It is quite similar to Google pay and Apple Pay. It is also one of the best mobile payment apps for Samsung users. But it is not the best for all users as it is only available for Samsung users.

Features of Samsung Pay

  • It is only available for Android OS.
  • It has a unique feature called secure magnetic transmission.
  • It allows users to send their payment information to a non-NFC capable card reader.

Compatibility

It is compatible with only Samsung devices so only available for Android.

Requirements for merchants to accept

If they accept apple pay and google pay, then they can also use Samsung pay.

Walmart Pay

Best mobile payment apps 2021
source- Appleinsider

It is one of the best retailers in the market. It is one of the known retailers in the world that is known for contactless payments. This app has a vast user base. This app is known for the use in Walmart only, and if you want to use it any other place, then you can’t use it even if you want to use.

Features of Walmart Pay

  • It is one of the biggest retailers in the world.
  • It uses QR codes for in-store contactless payments.
  • The users can scan their code using a phone’s camera to make the payment.

Compatibility

It can only be used in Walmart stores.

Conclusion

All these apps were the best mobile payment apps that you can use in 2021 for your everyday purchases, and you can go quickly go cashless. These apps are highly secured, and your money is safe with these apps.

Featured Image Credits- MobileAppDaily

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article