To move to a cashless era and to maintain liquidity in the current situation, it’s good to make payments through online gateways. The National...
You may have come across a number of jargons revolving around money transfers such as IMPS, NPCI, and UPI. Among all these, UPI is one of t…
The last six months has been quite the turn for the Indian citizen. Prime Minister Modi’s sudden implementation of demonetisation, the rush to get old notes exchanged, and the subsequent high propensity marketing of digital apps.
Ever since the government scrapped INR 500 and 1000 notes, the use of the internet for financial transactions has grown at the rate of knots. A special mention has to be made of digital wallets such as PayTm and Freecharge who have made a killing with their services. However, there’s a new payment model in…
The Unified Payment Interface (UPI) is one of the revolutionary measures taken by the Indian Government to ease the system of making payments. In the burgeoning digital space, the National Payments Corporation of India launched UPI with the support of Indian Banks Association and Reserve Bank of India. UPI is an app that is accessible from smartphones for the purpose of receiving or sending money. You can simply download it either on your android phone or iphone. It is an instant online system for bank payments and is like a virtual debit card. Most of the banks such as Axis Bank, ICICI Bank, Yes Bank, United Bank of India, Andhra Bank, and many others are providing UPI services.
Soon after the Government of India stated that INR 500 and INR 1000 notes were no longer legal tender, an acute shortage of notes has took place and all of us are facing the crunch. Until the gap is met by fresh supply of notes, mobile wallets and Unified Payments Interface have found many takers.…
Making payments is no longer a hassle with the recently introduced UPI system by the National Payments Corporation of India with the founder, Reserve Bank of India. It came into operations on 11 April, 2016. This is a single payment platform which powers a number of banks together in order to provide services to customers.…
As the name suggests, Unified Payment Interface is a payment system that allows money transfer between any two bank accounts through a smart phone. The interface aims to provide accessible, efficient, safe, and interoperable payment system for the country. In simple words, this is a system...
Just a little more than a year old now, Unified Payment Interface (UPI) is witnessing a surge of popularity among the Indian masses, by an...
UPI App - AXIS Pay is Unified Payment Interface by AXIS Bank to help you send & receive money between any two bank accounts quickly & safely. Download UPI app today! Transfer funds 24/7 just using a Virtual Payment Address (VPA).
