Long gone are the days when people actually used to pay with cash. With the accessibility, security and easiness that come with UPI (Unified Payment Interface), it is one of the most adapted payment methods in the current era. Whether ordering food from your favourite restaurant or paying a tea vendor, you just have to scan a QR code for a UPI payment, and you are good to go.
As technology has evolved, many things around us have become much more accessible and effortless. Around seven years ago, a network technology company drastically changed the entire scenario of the internet by first offering a 4G network for almost free.
What is UPI?
A UPI is a real-time payment platform that supports online money transfers between bank accounts via one single application. It is produced by the National Payments Corporation of India (NPCI). With a single tap, you can easily pay your electricity or mobile bills and transact money with your friends online. Furthermore, it is free of charge, instantaneous and can be made 24/7 throughout the year.
Which is the best mobile app to make a UPI payment?
Personally speaking, I use the Bajaj Finserv application, which can be easily downloaded from the Play Store (Android) or App Store (iOS). Now, believe me, when it comes to online payments, this is one of the most accessible applications to use.
It was recommended by my friend who only believes in digital payments. At first, I only downloaded this application to make digital payments for groceries. But, when I downloaded this application, I saw that it offers a lot more than that. So, basically, not promoting or anything but this application has sorted my life.
From online payments while grocery shopping to paying mobile, DTH, electricity etc., and bills to even Municipal tax payments, I do many things via this most used UPI payment app.
In some cases, individuals tend to run out of funds. But the scheme of UPI pay later helps one to spend over and above the bank balance easily. Moreover, one can conveniently clear all the dues within a fixed period and at a reasonable interest rate.
How to use this application to make secure payments online?
- Download the ‘Bajaj Finserv: UPI, Pay, Loans’ app.
- Enter your mobile number.
- After receiving the One Time Password (OTP), you’ll enter the home page.
- Here, you can see all the offerings.
Undoubtedly, it is factually right to say that adopting technology for banking has made several tasks hassle-free, and it has helped individuals save a lot of time, money, fuel, and energy. Since its launch in 2016, UPI has been a major success. Not only big businesses or individuals, but it has also helped small-time business owners accept digital payments free of cost and easily.