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How can you contribute for a cashless Society

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Upi App had helped India move towards a cashless economy. Unified payment interface application is developed by the national payment corporation of India (NPCI) which is the umbrella organization for all the retail payment system in India. According to the experts it is said that in the long run the Upi App can replace the NEFT, RTGS and IMPS system because of the high potential of the payment interface app.
A unique ID is created which is linked to your bank account , the ID will be just like any other email ID. So while making transaction all the individual has to do is, open the banking app installed in the smart phone click on send money and carry out the transaction. The money gets transferred quickly to the bank account of the recipient once the transaction is confirmed by the sender. Unified payment interface app is the safest app which can make instant payment with your linked bank accounts. You don’t need to share your bank details with anyone just share the VPA ( virtual payment address). With UPI you don’t need to remember your bank account number, your passwords etc. Cut down on the long queues with just a smart phone and the unified payment interface payment system.
Here are five things about the payment interface app that has made customers easy with vis-à-vis payments:
Now you don’t have to wait in the long queue for hours or struggling process of NEFT. You can simply send money on one push for your mobile button.
You can turn your smart phone into a payment bank. All you need is a smart phone with a banking app installed in it to send and receive money across various bank accounts.
When you send or receive money across NEFT, RTGS or IMPS you need to send across your bank account number, the IFSC code. With UPI you can carry out the transaction anytime by just sharing your mobile number or the VPA code.
You can not only send and receive money across but also use integrated payment system to make merchant payments. Money will be sent to the merchant’s bank account instantly.
You can make transaction 24\7 for 365 days with the help of Upi App. Once you download the payment interface you just need to select the amount to be paid , add the details of the recipient and send the money across. After the confirmation is received by you on your phone the funds gets transferred easily to the recipient’s bank account.
The unified payment interface is secure as net banking or mobile banking. While sending money from the UPI you have a verification which is carried out twice. The app has revolutionized banking as it has made the non-cash payments very easy, secure and instant. Adapting UPI system helps you reduce the black money in economy too. To enjoy cashless transaction you can simply download this app and carry out the transaction from your phone 24\7 for 365 days.
Added 9 days ago
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