Wednesday, 17 July 2024
Airtel Payments Bank launches UPI enabled digital payments
Sunil Mittal-driven Airtel Payments Bank integrated the Unified Payments Interface (UPI) on its digital platform, allowing customer choice and convenience to facilitate secure digital payments.
Airtel Payments Bank has become the first payments bank in India to integrate the UPI on its digital platform, the company said in a statement, adding that it would secure digital payments to online/offline merchants and instant money transfers to any bank account in India. In January, Bharti Airtel launched Payments Bank in India to enable transactions on digital platforms.
The initiative will allow bank customers to link their bank accounts on Bhim app and make UPI payments.
“We are pleased to announce UPI integration with Airtel Payments Bank. 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 the online space,” Airtel Payments Bank chief executive Shashi Arora said. For UPI-based payments and transfers,customers are not required to furnish their bank details to enable transactions.
Customers can also use MyAirtel app (bank section) to scan any UPI QR code for making merchant payments. Online and offline merchants can leverage Airtel Payments Bank as a payment mode to accept payments seamlessly from their customers, the Gurgaon-based company added.
Re-disseminated by The Asian Banker from The Economic Times
