Worried about your Data while paying online
In today’s world of digital transactions, it’s better to be safe than sorry
We all are now more or less habitual of doing our day to day financial transactions digitally through various ways like internet banking, Card Payments, online transfer of funds, etc. Whenever we buy something online or pay our bills we use convenient ways to make payments online. We also use NEFT, RTGS & IMPS to transfer payments from one account to another. All of these payment methods are easy & convenient. But they carry a threat of fishing or data stolen that can lead to a heavy loss to us.
The govt of India has come up with a new way of payment, thanks to the cashless initiative which is at present the safest way to pay online or to transfer payment from one account to other without sharing our banking details or filling our account details or passwords on any site.
This revolutionary payment method is called the Unified Payments Interface (UPI)
Or the other popular name is the Bharat Interface for Money (BHIM)
Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.
In other words you can make payment straight from your bank account without sharing your account details & passwords with the help of this mobile app. All you need is a bank account linked with your Mobile Number. Each Bank provides its own UPI App for Android, Windows and iOS mobile platform(s).
This app will have you to set up a virtual id from which you can send and receive the money. You can also do the balance enquiry or check the transaction History on this app. This service helps you to do a transaction of upto 1 lac per transaction. Most of the banks don’t even charge any cost for this service.
How is it unique?
Immediate money transfer through mobile device round the clock 24*7 and 365 days.
Single mobile application for accessing different bank accounts.
Single Click 2 Factor Authentication – Aligned with the Regulatory guidelines, yet provides for a very strong feature of seamless single click payment.
Virtual address of the customer for Pull & Push provides for incremental security with the customer not required to enter the details such as Card no, Account number; IFSC etc.
Bill Sharing with friends.
Best answer to Cash on Delivery hassle, running to an ATM or rendering exact amount.
Merchant Payment with Single Application or In-App Payments.
Utility Bill Payments, Over the Counter Payments, Barcode (Scan and Pay) based payments.
Donations, Collections, Disbursements Scalable.
Raising Complaint from Mobile App directly.
Most of the online shopping websites like HomeShop16.in, etc are promoting this service to give their customers a secure way to make payments.
So what are you waiting for download the BHIM app & get started.
Have a secure & happy shopping.
See you online.