Credit Card v/s UPI v/s Mobile Banking Apps: Which is Better for Contactless Payment?

Contactless payments are becoming popular with each passing year, and the growth will continue to be rapid in the coming years. Online payment started through browsers in 2010 when people could use their credit or debit card to pay online. Soon the market experienced the launch of mobile apps, which made it more convenient to pay online. However, the launch of UPI apps in India brought a revolutionary change. These apps gained popularity in no time, and demonetization and the pandemic added to their wide acceptance. 

These days, consumers and businesses have credit cards, UPI, and mobile banking options to make transactions. But the question that arises is which out of these is the best payment option. Even though most people opt for UPI payment apps, many still use banking apps. 

So let us discuss the advantages and disadvantages of these payment options and find which one would be apt to use.

Credit Card Payment Details:

People make a lot of credit card payments these days. However, it is an option that people mostly use when they want to avail of the card-specific offers or wish to shop on credit! You can find many deals for your credit card, and it is also one way to get special access to airport lounges and other places. 

The only disadvantage of card payments is that they are not entirely contactless. It is excellent to use the mobile banking app to pay with your card. However, getting your card swiped is not an ideal option. There is a third-party contact involved, leading to virus spread. Thus, it rules out the credit card payment option being the best. 

Mobile Banking App Payment:

Another option in the online payment industry is the mobile banking app. Almost every bank has introduced its banking app for consumers to manage their accounts, transfer funds, and make online transactions. They can make payments through NEFT, IMPS, RTGS, and more on the app, which is reliable but not swift enough. 

Though this payment mode offers some convenience, they are not as fast as UPI payment apps. Moreover, registering on the banking apps and using them is not really for everyone! People find it challenging to use these apps; hence, they have not become popular. 

UPI Payment Apps:

Things changed with the launch of UPI apps in India. It brought a revolution in the industry and got readily accepted and adopted by millions of users. It is one of the most convenient, reliable, and fast payment modes that let users shop, pay, and save money online. You need an app that complies with all the data security norms and has excellent market credibility. 

The setting up of the account is straightforward, where you would have to link your bank account. The app offers a UPI ID that you can use for online transactions, and it gives QR codes to the vendors, which a consumer can scan to make payments. These apps are user-friendly and easy to use without training or outside help. 

Cashback with UPI Payment Apps in India:

The only thing you need to be careful about is choosing the app. There are countless options available in the market, but not every app offers the expected level of services. Hence, it is vital to dig deeper and read the customer feedback in detail to figure out which app is best and start using it. 

It is critical to research the UPI apps in India to get multiple benefits. For instance, many applications claim to offer cashback to customers, but only a few have remained true to their word. Hence, it is crucial to keep that in mind while making decisions. 


It is fair to say that UPI payment apps are the best mode of payment, considering the factors listed above. However, the perks that give it an edge over the other payment options are:

  • It is contactless, with no chance of contacting a third person. It means you wouldn’t have to worry about virus spread. 
  • These apps are user-friendly and convenient, ensuring everyone can use them without outside help. 
  • The payment happens within seconds without any delay. You will not have to stand in the queue or worry about payment fraud. 

There are countless perks one can enjoy by adopting the UPI payment apps. However, please read the reviews and feedback, and check the app’s credibility before using it. It is also vital to take a virtual tour of the platform to understand its works before you start making payments through it. So, choose your app now and make the most of this payment mode.

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