In a country with more than 1 billion population, digital payment is going to be a big thing very soon. Right after the currency ban in India, people are moving towards the digital payment systems to transfer money cashlessly. And many big companies are launching their digital wallets and payment … [Read more...]
UPI (Unified Payments Interface): Transfer Funds Instantly
UPI (Unified Payment Interface) is an interoperable payment system which enables quick payment using a VPA (Virtual Payment Address) and is linked to bank account. It allows making payment without knowing a person's account details. Here you will find everything about UPI such as its registration process, UPI PIN Generation, Fund Transfer, Uses of VPA, list of available UPI apps and more.
UPI now is as common as using a debit card for online payments. With apps like BHIM, PhonePe and Google Pay ruling over the UPI functioning app industry, there is a new app in the market called "MI Pay". The beta version of this app was launched back in December 2018. Now, this app is officially … [Read more...]
We are seeing a lot of innovations and features getting added to transaction services in India. And now, Govt of India has introduced a new method to withdraw cash from ATMs. Now, you can withdraw money from ATMs with your mobile phone only. There is no need to carry your cards anymore if you did … [Read more...]
Just from the occurrence of demonetization in India by our honourable Prime Minister Shree Narendra Modi, we have seen a big spike on the graph which shows us India is slowly adopting the digital transactions and going towards a digital economy. But to go digital, we also need reliable technology so … [Read more...]
After the demonetization, digital payments became so much popular, and everyone is using digital payment platforms to make transactions. The Govt of India introduced Unified Payment Interface (UPI) to make it easier and simpler for people to instantly transfer money from their bank account without … [Read more...]
Unified payments interface was introduced back on 11th April 2016 to make inter-bank transfers seamless on mobile devices. It's been a long time, and National Payment Corporation of India (NPCI) was working on the new version of the UPI. And finally, UPI 2.0 is launched officially with a bunch of … [Read more...]