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How to make quick and easy money transaction?

Author: Sonal Deo
by Sonal Deo
Posted: Apr 26, 2017

Mobile wallets have successfully capitalized the demonetization drive and emerged as one of the biggest gainers. And now the government-backed Unified Payment Interface is transforming to age old banking operations into new advanced and simple process that could be carried at the touch of the button on your smartphones while on the go. UPI app is a platform that will solve customers and merchants concerns of everyday tedious transactions. It has made the money transfer so hassle-free that your money gets transferred to desired place, merchant or bank in a couple of minutes. So, while you don’t have to miss your important yoga therapy or favourite movie show yet need to make an urgent money transaction, Upi App will be an ideal solution for it. UPI allows you to make payments directly from your bank account, just like you make payments through debit card, net banking or cheque. The service could be used for hosts of payments such as shopping online, pay utility bills, order food, booking tickets, purchasing equity stocks, make donations, school fees, or do counter payments as well. You need to have a registered mobile number with your bank that will be used to verify your account details. You can sign up on UPI app on any bank by visiting the play store option. While signing up the system takes the requisites information courtesy as your cell phone number. Once your number is verified with the UPI app, you will be able to create your Virtual Payment Account (VPA) and an m-PIN is generated to start making a transaction using the service. Around 25 to 30 banks have joined the UPI platform, with their apps being already available on google and apple play stores. The beautify of these apps is that you can register with one UPI app and link any of your bank accounts to it. Some UPI apps could be utilized as mobile wallets, make a purchase, do mobile or DTH recharges, using the Upi App. They have tie-ups with various shopping portals like snap deal, Flipkart, amazon, shop clues that give lucrative cashback offers and discounts when making payments through Unified Payment Interface.

In any part of the day or night, you can make payment transactions as low as 50 bucks to one lakh. Payments can be done within friends circle, merchants, shopping portals, ticket bookings, delivery boys instead of Cash on Delivery, etc. So, you need to have is the unique ID of the e-commerce firm, merchants, friends, etc and transfer the amount instantly. You can enjoy money transactions 24 X 7 and even on bank holidays or Sundays. Thus, whether it’s a booking flight to your dream destination or grabbing your favorite smartphone on the midnight sale, UPI app makes transaction makes transaction quick, easy and exciting. UPI app is an open payment platform, where money can directly be transferred from one bank account to another it without any switching charges. It also removes the fuss of pulling money from bank account to mobile wallets or vice versa and then do your regular transactions. Today, Upi Apphas come to rescue for customers from the hassle of entering credit or debit card details, mobile wallet passwords, IFSC code or net banking passwords. Get, Set and go for easier payments, now!

About the Author

Make instant and secure payments from any of your linked accounts with Vpa process using Axis Upi App. No need to remember your bank account number & Ifsc.

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Author: Sonal Deo

Sonal Deo

Member since: Feb 06, 2017
Published articles: 1

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