UPI also allows P2P transaction in real time, i.e. transfer of funds between the receiver’s bank account and the sender’s bank account or vice-versa.
Features & Benefits of UPI
Immediate money transfer through mobile device round the clock 24*7 and 365 days.
Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines.
Merchant Payment with Single Application or In-App Payments.
Raising Complaint or dispute from Mobile App directly
Payment initiation modes – UPI
QR Code Scanning – Now customers can pay for their purchases at merchant outlets by simply scanning QR code using PSP app. QR code enables seamless transactions across banks for all cardholders and UPI users.
Mobile Number – Customer can make a payment or transfer funds by simply typing or keyed beneficiary’s mobile number and without inputting beneficiary’s whole bank account details like account number, IFSC, Payee Name, etc.*
* Beneficiary’s mobile number should be registered and linked with his/her bank’s account number and his/her bank must be lived on UPI channel.
