UPI Payment December 12, 2017January 11, 2018 by admin UPI Payments: Making Life Easier & Happier For Everybody UPI is an instant real-time payments system developed by NPCI (National Payments Corporation of India) which lets you transfer funds between two bank accounts on a mobile platform. Its origins lies in the attempt to create an initiative to let India step forward into the digital age. And, it’s also a boon for eliminating corruption and black money problems by introducing payments with cashless methods like UPI payment apps. However, the users are the one who are actually going to be benefitted from it. Here’s how UPI is making life easier and happier for everyone: 1. No Need for Cash Anymore: Send payments online with no cash, no cards or cheques required anymore for making payments, this digital India initiative is specially made in order to create a lightning fast and seamless payments medium. This way you will never run out of funds while shopping or buying medicines next time. 2. Cheapest Way of Money Transfer: UPI is the cheapest method by far for making payments with charges less than INR 0.50 per transaction whereas for NEFT and RTGS you have at least Rs 2.50 per transaction charges. 3. Instant Money Transfer: With UPI, Payments are credited instantly in bank accounts. With other payment methods, the beneficiary needs to be added as a Payee with your bank account which may take 24 hours. 4. One UPI ID for all Payments: With VPA (Virtual Payment Address), a unique UPI ID for every user. No need to remember several bank account information to do payments. Simply remember your VPA and PIN to make payments. 5. Money Request Facility: Request money whenever you want from any of your friends or family no matter where you are with CUApp. Users can request money from anyone they want, given that, the money is being requested from either another CU user or through VPA’s. 6. Check Bank Balance- Anytime, Anywhere No need to go ATM to check bank balance. Everyone can check his/her bank balance within 1 sec within CUApp. 7. No Public & Bank Holidays: Make transactions any day, anytime! Payments never suffer by any public & bank holidays. CUApp serves its users 24×7, 365 days a year. This digital India initiative is specially made in order to create a lightning fast and seamless payments medium. All you need to do to make a payment is to select a contact in UPI app, enter amount, press ok and enter your MPIN. The amount will get transferred directly from your bank account to the receiver’s bank account. Moreover, you can choose from multiple bank accounts to make payments. This is very helpful when you are low on funds in one particular account and one has to make an immediate payment. Also, one can send payment to somebody not having a CU account as well by filling up their bank details and IFSC code. This will make sure no one is out on funds while keeping a digital trail of the money occupied in transactions for the government. This way both the User and the Government can benefit from it. Made by taking into consideration that it is payment solution of everybody in India and not some selected few, UPI Payment option is bound to be the most integral part of our country’s economy and boosting it. Download CUApp to make your life more easy and happy!