The payments platform of Bharti Airtel, Airtel Payments Bank, has now incorporated Unified Payments Interface (UPI) in a bid to help its customers with transactions. With the addition of UPI feature, Airtel Payments Bank has become the foremost bank to do this in India. Airtel, with the integration of UPI, is intending to make digital payments safe as well as instant money transfers easier for its customers.
Talking about the drive, the CEO and MD of Airtel Payments Bank, Shashi Arora, said, “We are happy to pronounce the integration of UPI within Airtel Payments Bank. This move will enable all our 20 Million customers of the bank to generate, on the Airtel app, their personalized UPI handles as well as allow them to execute digital payments in the online and the offline space.” Further, Arora also mentioned that the users will be capable of linking their bank accounts to the BHIM application and make UPI payments through the Airtel Payment Bank.
Through the Airtel Payments Bank, the users will be allowed to make safe digital payments to offline as well as online businesses. It will also enable the users to make instant transfers of money to any bank account across India. To avail the service, all that customers need to do is update their Airtel app and then from the Bank tab, opt for UPI.
Once the customer creates the Airtel Payments Bank UPI account, they will be permitted to connect their savings account of Airtel Payments Bank to their UPI handles on famous applications such as other banks’ UPI apps or BHIM. Using the Bank section of the My Airtel app, the users will also be allowed to scan any QR code of UPI for making merchant payments. Also offline & online merchants will be able to utilize Airtel Payments Bank as a mode of payment to receive payments seamlessly.
The Chief Operating Officer of NPCI (National Payments Corporation of India), Dilip Asbe, talking about the UPI integration to the platform of Airtel Payments Bank, said, “Payments banks have the potential to facilitate payments & remittances to a huge user base, particularly, to underserved area in line with the vision of RBI. We are delighted to aboard Airtel Payments Bank on UPI/BHIM platform. With this relationship, we predict a noteworthy surge in digital transactions at unexploited merchant areas and person-to-person payments space.”
They also mentioned that, for UPI-based transfers & payments, the customers are not needed to provide their bank details to make transactions and can generate IDs that are simple to be remembered, ascertaining optimal data security.