Benefits Of Downloading The UPI App

Posted by sonal deo on March 23rd, 2017

UPI is the abbreviation of unified payment interface app. Unified payment interface app is a payment system which can be integrated on any banking system.  Download UPI app and carry out the money as well as fund transfer with a mobile app. While using the Unified payment interface app you don’t need to reveal your bank account details like the bank account number, the IFSC code, the debit card number and the passwords. UPI is an app which has multiple operability you can link any bank account to the app irrespective of the bank.

UPI is formulated by the national payments corporation of India. It allows you to make payments directly from your bank account. You can just pay like you are using your credit card  , debit card or a cheque. You just need to register you mobile number with the bank, as this is done for the verification and security purpose. Once you have registered your mobile number with the UPI app you can create your own virtual payment address (VPA) and M-pin to start the service to carry out the transaction. Hence Download UPI App which will cater as a virtual debit card over which you can send and receive money in a secured manner and even instantly.

What are the benefits of downloading the unified payment interface app?  Firstly download UPI app on Google play store.  Earlier to make any payments you need the bank beneficiary details like the bank account number, the IFSC CODE. But with Unified payment interface app you don’t need all this. You only need a unique ID to carry out the monetary transaction.  Open the UPI app enter the amount you need to send add your unique identity code and click on send. You will get a SMS confirmation and will ask you for the mobile pin to authenticate the payment after it is done.

If you have two bank accounts you don’t need to download UPI app for separately for two different banks.  The UPI interface will network all your bank accounts together. This makes it possible to use one single app for carrying out the transaction. The two factor authentication makes the UPI app very secure. It is loosely based on IMPS but when you use UPI app you can carry out the transactions throughout the year 24*7 days even on Sundays and holidays.

How can any customer use UPI ? What are the essentials for using the unified payment interface app:

  • The customer needs to have a bank account, a smart phone and an active internet data pack.
  • Then the next thing he/she can do is Download Upi App from the Google play store. ‘
  • Now link or connect your bank accounts. You can link multiple bank accounts.
  • Create an unique identity code by the valid input of the information required.
  • Generate an M Pin or mobile pin which will be used as the password for all the transactions that will be carried out.

You can cut down on long queues and contribute towards a cashless society by just downloading the unified payment interface app.

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sonal deo

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sonal deo
Joined: January 6th, 2017
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