Payment methods have drastically changed and improved over the past few decades, following advanced technology and digitalization. Nowadays, more and more people are preferring to transfer funds virtually than do it physically, at a certain bank or in person with other people.

Every reputable payment option has optimized its platform for the use of any mobile device and they've developed its own mobile app. With advanced payment apps, users can do all kinds of things. In this article, we will analyze the top 5 payment apps in 2023 that people use.

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Apple Pay

We begin with the Apple Pay app, is it is one of the most used payment mobile payment apps on the market. It allows you to replace your physical credit and debit cards, as well as your cash, with an easier and safer alternative.

You can use it to transfer funds to your friends and family, shop at local stores or online, and much more. It is accepted on millions of websites and apps, and it conducts transactions instantly.

All you need to do is set up your credit or debit cards to the Wallet app on your iPhone and you are set to make a transaction. You can even use this amazing payment app on your Apple Watch, Mac, and iPad. All payments done with this app generate a 2% cash back.

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PayPal

Next up, we have PayPal, which is one of the biggest and most popular payments in the world that conducts instant transactions. There are no fees included, apart from credit card and international transfers.

It features over 200 million users from around 200 countries, and many of them are using the PayPal app to conduct transactions. You should also know that many betting sites accept PayPal as a payment method.

The app is very easy to navigate and you can use it to send money, shop online or at a physical store, manage your bills, and much more. You are even allowed to use the app to buy and check out using crypto, which is a very sophisticated feature.

PayPal doesn't require any money for installing its app on your Android or iOS mobile device. To use the app you will need to add your credit or debit cards or your bank account information into the app.

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Google Pay

Google Pay is another top payment app that is widely accepted in the world. The transactions using this app are instant, but, some may take between 3 to 5 days to transfer. You will only pay fees if you decide to withdraw funds onto your debit card.

You are allowed to use Google Pay for payments on websites or in apps, or in physical stores with secure contactless purchases. It uses the latest security technology to protect each transaction as well as the users' data. 

Apart from Apple Pay, which only works on Apple devices, Google Pay is supported on all Android and iOS devices. All you need is a Google account and a card that you can add.

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Cash App

Another great payment app that you can use in your day-to-day life is the Cash App. It provides one of the easiest and quickest ways to send and receive money online. It is super easy to use, as it only requires you to link your debit card, select an amount, and type in the cashtag or mobile number.

The instant transactions come with certain fees, while the ones that take between 1 and 3 days are free of charge. Cash App has limited the debit cards only to direct access. It also uses Plaid for accessing your bank account, which adds another layer of security.

This app can also be used for instantly purchasing and selling Bitcoin, which is an amazing feature. However, you are allowed to transfer funds only in the UK and the USA.

Samsung Pay App

Last but not least, we have the Samsung Pay App, also known as the Samsung Wallet, which enables a more convenient way of conducting payments. It uses the same banking backends as Google Pay and it requires your mobile number to complete the installation process.

You are required to add your cards on the app so you can pay in person, online, or in an app. It also offers cashback opportunities, which can be used to earn rewards for additional shopping.

Samsung Pay supports over 1,000 banks from all over the world and it is expected to grow even further. The only downside is the fact that it is only supported on Samsung devices.