Indian Bank launches UPI app
Posted on: 04/Jan/2017 11:33:19 AM
Indian Bank has introduced UPI (Unified Payment Interface) app on Tuesday. The app will enable Indian Bank customers to send and receive money using their smartphones. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments.
It introduced USSD banking, under which customers and merchants can register their details through their mobile phone by calling *99*58#.
This unique platform will empower the customers to make payment directly to, among others, a mobile number and virtual public address without internet connection.
