Air­tel Pay­ments Bank ac­ti­vates UPI

Banking Frontiers - - Pb-sfb -

Air­tel Pay­ments Bank be­came the first pay­ments bank to in­te­grate the Uni­fied Pay­ments In­ter­face (UPI) on its dig­i­tal plat­form. The bank said 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. Shashi Arora, MD and CEO of the bank, said this would al­low all the 20 mil­lion bank cus­tomers of the bank to cre­ate their per­son­al­ized UPI han­dles on the Air­tel app, and en­able them to make dig­i­tal pay­ments in both the off­line and the on­line space. They would also be able to link their bank ac­counts on BHIM app and make UPI pay­ments. Cus­tomers can also use MyAir­tel app 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.

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