This article compares popular UPI apps in India based on cashback offers, revealing which apps provide the most benefits for users.
Apps with No or Limited Cashback
•Google Pay and PhonePe: No cashback received when sending money to individuals.•Super Money: No cashback for peer-to-peer transfers; cashback only available for merchant payments.•BP: No cashback offered, and the app reportedly lags, making it unreliable.•Slice UPI: No cashback provided for transactions.Apps with Cashback Offers
•BHIM UPI: Provided ₹5 cashback on a ₹100 transaction, consistently offers cashback, though the app may lag occasionally.•CRED: Offered ₹4 cashback on a ₹100 transaction, available only to users with a credit score above 750, and includes additional features.•Pop UPI: No cashback for peer-to-peer transfers; cashback available only for merchant payments, with Pop Coins as an alternative reward.•Navi UPI: No immediate cashback found; offers rewards like Navi Coins for referrals (e.g., 100 coins = ₹1).Key Takeaways
•BHIM UPI is the top performer for cashback, offering consistent rewards on transactions, though it may have occasional app performance issues.•CRED provides competitive cashback and features but is restricted to users with a credit score above 750, making it less accessible.•Popular apps like Google Pay and PhonePe offer no cashback for peer-to-peer transfers, highlighting the importance of choosing apps based on cashback benefits.Conclusion
For maximum cashback, BHIM UPI is the best choice, while CRED is a strong alternative for eligible users, emphasizing the need to select apps based on individual needs and transaction types.
