UPI Transaction: Adopt 6 ways to avoid cyber fraud, your account will not be breached during transaction

UPI 123Pay: No need of internet to transfer money, you can make UPI payment in these 4 ways including missed call

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new Delhi. A facility like Unified Payments Interface (UPI) for digital payments allows you to transfer money easily sitting at home. For this, you need an app that supports UPI like Paytm, PhonePe, BHIM, Google Pay etc. The special thing is that UPI allows you to transfer money even if you have only one information such as scanner, mobile number, UPI ID. However, to bring thousands of feature phone users to the digital payment system, the Reserve Bank of India (RBI) has recently introduced a new version of UPI called UPI 123Pay. With UPI 123Pay, now even those users who do not have a smartphone with internet will be able to do UPI transactions.

About 400 million feature phone users will be able to make UPI payments
UPI has emerged as the most used digital payment mode in recent years, with the launch of UPI 123Pay, around 400 million feature phone users will also be able to make digital payment systems in a secure manner. Through this service, users can send money to friends and family, pay various utility bills and will also get the facility to recharge fast tags of vehicles and pay mobile bills.

Also read- UPI transactions worth Rs 8.27 lakh crore in February: NPCI

How to Use UPI 123Pay for Feature Phones
According to RBI, feature phone users will be able to transact with the help of 4 technical options.
1.Interactive Voice Response (IVR)- Dial the IVR number 08045163666 on your phone and follow the instructions and complete the payment through UPI PIN.
2.App-Based Functionality
3.Missed call
4.Proximity Sound-Based Payments

Tags: digital payment, Digital Transaction in India, Upi

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