Do you want to know about UPI’s and its services? UPI and Its Services in Hindi Do you know about its benefits and how safe it is? Yes, guys! In this article today, we will give you all information about UPI service and app in easy language. Let’s know!
Meaning of UPI’s
This application is used for banking transactions online directly. It is a single-window-based mobile payment system created by the National Payments Corporation of India. This avoids the need to go to the bank and use other security details multiple times for every transaction done by the consumer.
Who operates UPI’s services in India?
UPI starts in India for the purpose of an online transaction. In addition, it reduces the need to go directly to the bank and use cashless for any purpose.
UPI’s Services was started In 2016?
Subsequently, from August 2016 banks from across the country started uploading their interface on this portal. UPI launched in previous years for the use of peoples.
According to the National Payments Corporation of India, as of February 2019, around 134 banks have joined the system. UPI is one of the biggest openers in the online industry.
How to get Money Send and receive money through UPI’s?
When someone of an identity with whom UPI has done any transaction, then you have to pay any kind of credit card or debit card, net banking or any other information related to the account to pay it again.
In short, UPI reduces the payment of money in the form of cash, thus proving to be of immense use for people who never go to the bank.
How to send money through UPI?
To send money, the first user has to log in to the application. After this, he has to choose the option of ‘Send Money / Payment’. In the ID of the person you want to send money and how much money to send, select which account you want to send money to from your account.
After this, the user types his personal identification number code i.e. Personal Identification Number or UPI Pin code and make the desired payment sitting at home easily.
How to Receive money on any UPI’s App?
The time when the user entered the UPI, the transaction will be passed. Then the unique code is given to that person which is used for the transaction. If he would like to pay, he would type his UPI PIN there to complete the transaction.
Is UPI’s Transaction Safe?
UPI is a payment device with an encryption format. In simple language, if I say, after UPI connections, only this connection remains between the receiver and the giver, which means that no one else can interfere in it.