UPI is the most popular payment system in India. There have been 733 million UPI transactions in May 2019. Today, a UPI user makes 22 transactions in a year through this mode. However, most of the users are not fully aware of this convenient and useful system. This article would tell you all the important […]
UPI - Unified Payment Interface
UPI is a digital Payment system. This System works on mobile. By using this system a mobile app can send money instantly. It works 24 hours a day and never stops.
It has revolutionized the payments in India. Today most of you use one of the UPI apps such as BHIM, Tez, Phonepe, Paytm, SBI Pay, iMobile, chillr etc. These apps use UPI platform to transfer fund.
Main Features of UPI
- It transfers money instantly, anytime.
- You can request money from someone using this platform.
- You can link any of your bank accounts. It is not necessary to use app of the same bank. You can link multiple bank account to the single app.
- The bank account number is not necessary to send money through it. The virtual Payment address (VPA), Aadhaar, and mobile number can be also used to pay.
- You can send money immediately to anyone. There is no mandatory wait period.
- This system is free. Banks also do not charge anything to use their app. Thus, It does not cost anything to you.
You can also enjoy the various features of UPI in feature phone thanks to the *99# banking. By using this new age service you can send money, request money and check balance without using a smartphone or internet. Everyone must learn this type of fund transfer as data might finish anytime. This feature is also […]
UPI Transaction charges are no longer free. Some of the banks started to charge after a fixed number of transaction. However, the government and NPCI has persuaded most of the banks to keep this service free. But it does not mean that UPI transaction would always remain free. The app developers, Banks and NPCI are […]
UPI is the coolest thing in the last few years. It has made a huge impact on the payment ecosystem. Because of the UPI, everyone, big or small, is making cashless payments. You, me and crores of people are now using the Paytm, Phonepe, Google Pay, SBI Pay and so on. All these mobile payment […]
You would have to deal with the UPI pin if you are using the UPI Apps. Often, you forget the UPI PIN and want to know the process of Reset. Even you may need to change the existing UPI PIN as someone has known it. So In this post, I would tell you method of […]
While using the UPI App you may have seen the term UPI ID. You can use this ID instead of the bank account number for making a payment. That is why you see this option as well for sending the money. The UPI ID is a must if you want to request money from someone. […]
यूपीआई एड्रेस का इस्तेमाल पैसे भेजने में किया जाता है। इसका प्रयोग करके आप अपने बैंक खाते की जानकारी देने से बच सकते हैं। यह ईमेल एड्रेस की तरह आसान है और आप एक खाते के लिए कई यूपीआई आईडी सेट कर सकते हैं
Your UPI PIN Should be safe and secure so that no one can misuse it. As your mobile phone can go into the hands of other people. In that case, it is the UPI PIN which protects your account balance. Therefore your UPI PIN should be strong so that no one can hack it. In […]
UPI or Unified Payment Interface is the easiest fund transfer method but It has some terms and conditions. You must know these limitations while using this payment platform. In this post, I have listed 9 most important terms and condition of UPI. These are applicable to every UPI app be it Google Pay, Phonepe, Paytm, […]
डिजिटल ट्रांजेक्शन में BHIM APP की एंट्री के बाद एक नए तरह के PIN नंबर से हम रूबरू होते हैं। वह है UPI PIN। इस लेख में हम इसी पिन के बारे में चर्चा करेंगे। तो आइए जानते हैं कि यह UPI PIN है क्या? इसका उपयोग क्या है? यह MPIN या ATM PIN से […]
The UPI or Unified Payment Interface has added One-time mandate and some other new features. The NPCI has launched the UPI 2.0. This version has given more facilities to the merchants and business community. After this version, the UPI Add would have 5 new features. Recommended- What is UPI Payments System 1- One-Time Mandate Through […]
Today UPI is the best way to digital payments. But many of us still not fully aware of its use. People want to know the use of UPI in SBI Pay, Paytm, Phonepe, Tez and other apps. In fact, all these apps are riding on UPI wave. After the launch of UPI, the mobile app […]