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