New App Lava Pay facilitates transactions without internet!
Posted on: 17/Mar/2020 1:45:44 PM
The time when a visit to the bank was a necessity for financial transactions is long since past!
In the current day-to-day lifestyle, we transact and send money in a second through our smartphones as well as received money from others!
Though we have shifted to digital financial transactions, internet connection facility is essential to accomplish this!
The fact is that there is a steeply increasing trend of digital financial transaction by the day!
As per the information furnished by the National Payments Corporation of India, UPI financial transactions have been carried out to the extent of Rs. 132.32 Crores in the month of February alone in the current financial year 2019-29!
Indian Mobile Company Lava has launched a new digital payment Application. This App has been named ‘Lava Pay’.
The special feature of this App is that Internet connectivity is not required to carry out the required digital financial transaction!
The Lava Mobile Company has explained regarding this that the App Lava Pay has been developed with an ultra-high security level. I will enable the users to carry out the digital transactions in the simplest and easiest mode!
Lave has further informed that Lava Pay will come pre-loaded in all Lava smartphones and the customers who already have Lava smartphones can visit the Lava Service Centres and get the Lava Pay App loaded!
Lava Pay simplifies the peer-to-peer payments. In other words, without the need for a 3rd Party intervention, 2 users get in touch with each other.
A detailed explanation has been given regarding how to use the Lava Pay App.
Please note that the user needs to have UPI ID to use this App!
In case money is to be transacted, the receiver’s cell number has to be furnished in Lava Pay. After this, the amount of transaction can be registered and done and send the money using the transaction passcode given!
Once the transaction is successfully done, the transaction message will be conveyed to both sender and receiver as a confirmation message on Lava phones.
It is observed that Lava Pay would be an ideal solution for digital transactions without internet requirement.
Further, the customers can also monitor the balance in their savings bank account withth Lava Pay!
Thus, with this latest facility, Lava has targeted around 500 million Indiana who cannot get internet facility!
