Unified Payments Interface innovation is the end to payment wallets?
With the most awaited launch of Unified Payments Interface platform today on Google Play Store.
Unified Payments Interface allows users to transfer cashless virtual money across banks simply by using a unique identification name that looks like more of an email address — firstname.lastname@example.org or email@example.com.
The main USP of this innovation again is competition to existing wallets platforms. This platform of UPI claims to be 24/7 available in India even on public holidays.
This platform uses push notifications to send communication status of their payments or transfers.
How to get your hands on this platform of UPI in your daily life?
If you are using an android phone you are lucky to get started download the UPI app of their respective banks on Google Play Store, iOS users have to wait for a while.
Many banks have come forward to welcome this innovation some of them include — Andhra Bank, Axis Bank, ICICI Bank, Yes Bank and more.