Syndicate Bank UPI

How To Use Syndicate Bank UPI to Contribution Army Battle Casualties Welfare Fund ?

Syndicate Bank, a public sector bank in India has provided the facility to contribute the Indian Army Battle Casualties Welfare Fund using UPI (Unified Payment Interface) i.e. SyndUPI. The donation can be made using any of the UPI supported application like SyndUPI, BHIM, PhonePe, PayTm etc. Payment can be made to the UPI VPA [armywelfare(at)syndicate]. […]

Banking News Digital Banking UPI

Whatsapp Pay – Really A Big Threat for eWallets & Banks

Whatsapp Pay, A new entrant in the UPI based payment interface – What would be the earning for a Payment company with more than 200 million users ? Non imaginable, but ewallet companies are going to face a tough competition ever with newly upcoming UPI interface by Facebook owned Whatsapp. Whatsapp, a P2P messaging platform […]

Banking News UPI

Soon Pay Through BHIM UPI on Google, Amazon, Uber and Facebook

Popular messaging platform Whatsapp, Facebook, Google , Amazon and Uber are sooner launching the UPI payment system through its platform. National Payment Corporation of India (NCPI) has already permitted the Facebook-owned WhatsApp to incorporate mobile payment service within the app using Unified Payment Interface (UPI). Whatsapp already in talk with State Bank of India (SBI), Axis […]

Banking News UPI

Whatsapp To Launch UPI Enabled Payment System ?

New Era Digital Banking – WhatsApp is planning to launch UPI based payment system. Existing Unified Payment Interface (UPI) of NPCI will be acted as the interface for Whatsapp banking. This will start the boom of social Media Banking. Read : What is Unified Payment Interface ? WhatsApp’s founder Brian Acton recently stated that WhatsApp payment […]

Banking News Mobile Banking

What is Unified Payment Interface ?

Reserve Bank of India have just launched a Unified Payments Interface (UPI), a Mobile Application enabled payment system for making transaction online to any bank 24X7 without using the account number.Customer of any bank may transact through UPI apps any transaction below Rs 1 lakh,  even something as low as Rs 10.  Unified payment Interface, UPI services are currently launched by State Bank of India, Punjab National Bank, Canara Bank, Bank of Baroda, Union Bank of India, Bank of India, ICICI Bank, HDFC Bank, Citibank and HSBC Read : How Does RBI Rate Cut Impact EMI of Loan ? How Does Unified payments Interface (UPI) system work ? National Payments Corporation of India (NPCI) who is the controlling authority for Mobile Based Unified Payments Interface has provided the Rupay Based platform for making transaction.  It will be as like the existing Visa and MasterCard transaction application which will allows different  banks to interconnect and transfer funds through Mobile Banking. In order to send or receive the money through Unified payments Interface (UPI) one need not to have  the account number or any MICR or IFSC code. Even Aadhar enable is also not required.  Money will be send using the unique virtual ID. The virtual ID could be anything varies as per the requirement of different banks. Click : Bank EMI Calculator – Compare Loan Installment The common process of sending money through UPI, Unified Payments System will be as like below. 1. […]