Airtel Payments Bank integrates UPI on its digital platform

By : |September 18, 2017 0

Airtel Payments Bank has become the first payments bank in India to integrate the Unified Payments Interface (UPI) on its digital platform adding to the customer choice and convenience for making secure digital payments to online/offline merchants and making instant money transfers to any bank account in India.

“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. Our bank customers would also be able to link their bank accounts on Bhim app and make UPI payments,” Airtel Payments Bank MD and CEO Shashi Arora said in a statement.

“Payments banks are capable of facilitating remittances and payments to a large user base especially to the underserved area as per the RBI’s vision. We are happy to on-board Airtel Payments Bank on BHIM/UPI platform,” said Dilip Asbe, chief operating officer, National Payments Corp of India (NPCI).

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For UPI based payments and transfers, customers are not required to furnish their bank details to enable transactions and can create an identity like email id which is easy to remember. The UPI system will allow Airtel Payments Bank customers to pay merchants by scanning any UPI QR code when they shop.

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