Often, many of us look out for generating additional income, in addition to their monthly income. There was a time when one had to take up another job to earn extra money. Today however, things have changed and you don’t need to do so. Instead, there are smartphone apps that can help you to make extra money. These apps are referred to as money-earning apps.
How do money-earning apps work?
Money-making apps can help you in creating a frequent flow of cash. These apps are known for offering cashback reward schemes, affiliate tie-ups, and referral reward programs. To earn money using these apps, you simply need a smartphone and a stable internet connection.
Usually, money earning apps are known for being dependent on something that is referred to as the user loyalty system. With the help of this system, the app’s users are motivated to frequently use the app.
How to sign up for these apps?
You just need to follow a few simple steps to sign up for an app to make money online. The said steps are:
- Downloading the app from the App Store.
- Registering your account after filling in personal details. It is possible for you to sign in with the help of your Gmail, Yahoo ID, Facebook, or social media accounts. Some apps might ask you to enter PAN, address, or bank details. This holds true in case of IDFC FIRST Bank’s MyFIRST Partner App.
- Edit your profile to establish yourself on the platform for better opportunities.
What are some of the money-making apps in India?
Here are some of the money-making smartphone apps that are frequently used in India:
- IDFC FIRST Bank MyFIRST Partner App
This referral app allows you to start earning money through its referral program. You can refer anyone in your network who needs personal loans and get an opportunity to earn money through such referrals. With this app, you can earn ₹50,000 per month or more on every successful loan conversion. You don’t need to specialise in any field or need to have a specific degree to get started.
PhonePe allows you to earn cashback on online transactions such as DTH or mobile recharge, utility bill payments, and many more. You are rewarded with attractive discount coupons, vouchers, customized deals on branded platforms, or cash back for every transaction. Moreover, in case you ever refer people to the app, you even have a chance of winning prize money.
Another popular payment app that’s used by numerous Indians across India is MobiKwik. It is a UPI money transfer app in which you can earn money in the form of cashback. Other than cashback, in case you refer the app to a friend, you might also enjoy ₹20 cashback in your MobiKwik wallet. The more people you refer the app to, the more cashback will be credited to your wallet.
Apart from PhonePe and MobiKwik, Paytm is one of the major payment apps that’s used by smartphone users in India. Initially, it started as a platform for DTH recharge, but nowadays, it is used for all kinds of payments including payment for railway tickets. This app also offers cashback and vouchers for any transaction you make.
Google Pay is another popular mode of UPI payment. It does not have an online wallet and as such, is linked to your bank account. For every transaction, you have the chance to either earn cashback or get a coupon or voucher that you can redeem whenever you want.