Airtel Payments Bank launches UPI enabled digital payments

This will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant money transfers to any bank account in India.

Published: 17th September 2017 08:49 PM  |   Last Updated: 17th September 2017 08:49 PM   |  A+A-

Image used for representational purpose.

By IANS

NEW DELHI: Airtel Payments Bank on Sunday said it has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform.

This will add to customer choice and convenience for making secure digital payments to online/offline merchants and making instant money transfers to any bank account in India, a company statement said here.

"This would allow all our 20 million bank customers to create their personalised UPI handles on the Airtel app and enable them to make digital payments in both the offline and online space. Our bank customers would also be able to link their bank accounts on BHIM app and make UPI payments," said Shashi Arora, MD and CEO, Airtel Payments Bank.

"Payments banks are capable of facilitating remittances and payments to a large user base especially to underserved area as per the RBI's vision. We are happy to on-board Airtel Payments Bank on BHIM/UPI platform," said Dilip Asbe, Chief Operating Officer, National Payments Corp of India (NPCI).

"Through this association, we foresee a significant rise in digital transactions at untapped merchant locations and person-to-person payments space," he added.

For UPI-based payments and transfers, the customers are not required to furnish their bank details to enable transactions and can create easy to remember IDs, ensuring optimal data security, the statement said.

Customers can also link their Airtel Payments Bank savings accounts to any of their UPI handles on popular apps such as BHIM or UPI of other banks, it added.
 

Stay up to date on all the latest Business news with The New Indian Express App. Download now

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.