Know how to get started with the UPI- based service

With our knowledge of technology and computers expanding by the minute, the global market is gradually shifting to the digital space. People have started realizing the importance of digitization and have started using e-services, for everything.
From getting groceries to buying plots, everything is done online. Naturally, there has been an increase in the use of mobile banking services, where customers don’t have to visit the banks and can easily carry out the transactions from the comfort of their homes. Banking software integrated in mobile phones, now allows banks to offer a wide range of services such as statements, fund transfers, credit/debit card requests and much more on the software itself. Hence, it is easy to get lost in the maze of the cyberspace.
Finacus, an empaneled as a vendor for customized software development by National Payments Corporation of India (NPCI), an umbrella organization for all retail payment systems in India, has a solution offering for the Unified Payment Interface (UPI) platform which comprises of an API interface with NPCI and a universal mobile interface for the users.
The unified payment interface solution supports scalable architecture and has been developed keeping in mind, present-day security challenges. The UPI solution is to provide a simplified and reliable payment option with the use of virtual addresses to transfer money with the help of UPI payment system.

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