Modern features makes UPI payments easier

UPI payments

UPI payments

Banks are working towards making payments easier. The three banks Kotak Mahindra Bank, ICICI Bank, and Airtel payment bank have launched new features such as pay your contact or pay to contact. It makes payments more convenient and easier than ever. The sender has to open the bank's app.

And then select the "pay to contact".After they have to select a receiver contact from the list of numbers in the phone book. After selecting they can easily send the money. On doing this, the bank app will automatically detect the contacts UPI  address provided is one. Now the sender has to check the UPI address, then the sender can select or type an amount.

Then enter the password and transfer. In this process, users can also see the receiver app, which receiver is using, in case of Kotak Mahindra Bank. The receiver can hold any app like G pay, phonepe and Paytm. The app tracks the UPI on its own. It makes money transfers more convenient. If an individual and their contacts are using the same app, then one can transfer money based on the receiver's mobile number. So you can enter your Gpay to others Gpay without entering UPI PIN. 



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