MyMoney Myway

Tuesday, August 30, 2016

Banking simplified with #Unified payment system #Cashless transaction

What is Unified Payment System #UPI

Cashless transactions in India to become more common with UPI, a recently launched smartphone based #payment system that lets money transfer and remittance service between bank accounts, merchant payments without divulging sensitive information like credit card numbers, #netbanking psswords, #IFSC codes. It can be used for bank transfers, bill payments, #merchant payments online and offline.

  • National Payments Corporation of India (NPCI) officially launched the facility for 19 banks

Source: http://www.mymoneystreets.com/2016/08/banking-simplified-with-unified-payment.html

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