What is UPI and How it works?

UPI expanded as Unified Payments Interface, is a payment system that works in real-time. It is developed by the National Payment Corporation of India and facilitates transactions amongst banks. is becoming very popular and preferable of the methods of digital transactions in India. RBI regulates the interface and the funds can be transferred instantly between the banks. The process works through any UPI client App, which can be used to link multiple bank accounts. The funds can be received or sent using various methods such as UPI ID, Mobile Number, Account Number, and IFSC Code, and QR code. A major portion of digital transactions in India is through UPI.

Safety of UPI payment apps

Off late, there have been many frauds while making payments via the UPI payment app. To avoid UPI payment-related frauds, one should clearly distinguish between sending and receiving the transactions. You must carefully read the instructions that reflect whether the amount is getting or debited. You should also keep in mind that no UPI app asks for OTP or any password while receiving the money. Sometimes, UPI apps show the SPAM warning in cases where the user has been reported before. You should not make any payment with users having a SPAM alert on the UPI window. In this case, you can block the user and even report the account as SPAM.

Further, you must not share details like debit card number or credit card number, or the OTP which you receive on your phone. There any fake UPI payment apps, which may try to lure you the attractive offers and deals. You should trust only the recognised UPI payment apps There are many UPI payment app that provides UPI feature. The UPI payment can be made by downloading the UPI payment app on the phone, and bank account can be linked, and funds can be transferred using the virtual identity. Payments can be made to merchants or any other UPI id and transfer can be made on a 24/7 basis.

What is LazyPay? In what way does it help?

Like other payment methods such as net banking, credit card, and debit card, LazyPay is also a payment method. It is very convenient and assures us to hassle-free transactions guarantees hassle-free transactions. LazyPay is one of the safest methods of making UPI payments and you can be assured of its integrity. The utility and other bills can be paid online using the payment partner- Lazypay.

Lazy pay UPI payments

You make multiple purchases at your favourite site or app. The Lazypay pay id can be used to make UPI payments. The LazyPay Id must be entered, which can be found in the scan and pay the tab on the UPI payment app on the merchant site. After that, you can choose a repayment option which can be either one time or through EMI.

Despite being one of the safest methods of receiving and paying funds, UPI is also prone to fraud. You should trust only the popular and recognized apps for making UPI payments to ensure that payment is going only to the intended recipient. LazyPay is one of the safest methods of transacting through UPI.

So, don’t wait further, immediately create a LazyPay Id and shop at your favourite website apps. You may pay immediately and if you are eligible, you can pay using the ‘Shop Now, Pay Later Plan.’

Download the LazyPay app, get your credit limit and enjoy making those purchases like you never have!!!

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