On This Page, You can easily know about How To Use UPI.
This wikiHow teaches you ways to use the Unified Payment Interface (UPI) to send and request money. If your India-based bank supports UPI, you’ll transfer money between any two accounts using your bank’s UPI app. You’ll also use popular third-party wallet apps that supports UPI, including Samsung Pay and Google Pay (formerly Tez).
How does UPI power payments?
UPI turns your smartphone into a virtual open-end credit . It allows the user to receive and send money.
Using UPI payments system users can link quite one checking account into one smartphone app and transfer funds without providing IFSC code or account number. it’s one among the only ways of transferring money and making payments.
How does UPI work?
The UPI interface allows account holders across banks to send and receive money from their smartphones using just their Aadhaar that’s their unique identity number, mobile number or virtual payments address. there’s no got to enter the checking account details.
Sending and Requesting Money
Open your UPI payment app. this might be your bank’s official app or the other UPI-enabled app that you’ve got a VPA.
Confirm the small print and send the request
The method are going to be a touch different, counting on the app you’re using. You’ll usually need to select Next or an alternative choice to verify that the info is correct, then choose To send, Pay, or Request.
Enter your VPA MPIN
This is often the PIN you created when fixing your VPA. You will be prompted to enter it before any UPI app will send your message.
- Once the payer sends money, the quantity are going to be deducted from their checking account and added to the account of the recipient. counting on the app employed by the recipient, they’ll need to take a further step to transfer the cash into their checking account .
- If you’re using an app like Google Pay or Samsung Pay, you’ll use UPI in stores or other locations that accept either of those payment methods. You’ll usually got to scan a QR code then just follow some on-screen prompts to form the payment.