What are UPI apps? This is how they are used

Mobile wallet companies got the biggest advantage of Prime Minister Narendra Modi’s decision on demonetisation. In the initial stages, the Unified Payments Interface (UPI) supported by the government was not part of the headlines. But now the government has started marketing this platform. Despite being the best platform, UPI was not liked by many people during demonetisation.

Through UPI, you can pay directly from your bank account, like you pay through debit card, net banking or checkbook. For this, your mobile number should be registered in your bank. It is used to verify the account. Whenever you sign up for the UPI app, the system verification from your mobile number itself. After the mobile number is verified from the UPI app, you can create a virtual payment account (VPA). Empin can be made with it which can be used for transactions.

Today, about 30 banks have joined the UPI platform. Apart from this, more than 20 UPI apps are also available in Google Play and Apple App Store. The beauty of the UPI system is that you can register on the Axis Bank UPI app. And this can link HDFC or Union Bank accounts. Some UPI apps also work as mobile wallets. At the same time, through some apps you will be able to recharge mobile and DTH. These include ICICI Bank’s pocket app and PhonePe app with Flipkart and Yes Bank’s partnership.

On transaction through the UPI app, you levy service tax with a charge of Rs 5. The same charge is also taken by banks for IMPS banking.

Link to download UPI apps

1. SBI Pay: Android

2. HDFC Bank Mobile Banking: Android, iOS

3. ICICI Pockets: Android, iOS

4. Axis Pay UPI App: Android

5. Union Bank UPI App: Android

6. PNB UPI: Android

7. Phonpe: Android

8. Canara Bank UPI-EMPower: Android

9. United UPI: Android

10. Andhra Bank One-UPI App: Android

11. UCO UPI: Android

12. Bank of Maharashtra – Maha UPI: Android

13. Vijaya UPI: Android

14. South Indian Bank- SIB M-Pe (UPI Pay): Android

15. KBL Smartz (UPI): Android

16. OBC UPI PSP: Android

17. UPI Bank Transfer with Friends: Android

18. DCB Bank UPI App: Android

19. Lotza-Yupi: Android

20. Transap – UPI: Android

21. CSB UPI: Android