40 crore Future customers will benefit from the new UPI 123PAY service. You can no longer send money without internet access. Users can use this UPI service 24 hours a day, 24 hours a day.
The use of UPI transaction in India has been on the rise for the last few years. In particular, its use in the period of currency devaluation reached astounding growth. We are now in the process of purchasing a 10 rupee item and making digital money transactions.
But, there was a compulsion that a smartphone is essential for digital money transfer. As a result, those who could not afford a smartphone and did not know how to use it were left without the UBI payment facility.
With this in mind, Reserve Bank Governor Shaktikant Das has introduced the UPI Payment Service for Future Phones.
It is estimated that 40 crore Future customers will benefit from the new service UPI 123PAY. These phones can send money through UPI without internet facility. Ordinary phone users can use this UPI service all day, 24 hours a day.
Speaking on the occasion, Das said, “The launch of UPI 123PAY is an attempt to make it easier for the community, which has so far been pushed out of the digital payments platform, to use it. It promotes large-scale financial content in our economy.
Future phones have just three steps to pay via UPI 123PAY.
The transaction is based on four technologies in these phones. Calling an IVR number can also be used as a processor and can be done via Future Phone, Missed Call mode and Proximity Sound based payment.
It can be used to send money to friends, pay bills, pay mobile bills, recharge fast tags for vehicles as well as know the balance of a bank account. Also customers can not only link bank accounts but also change UPI pins.
In addition, the Governor of RBI Bank has launched a 24 × 7 helpline for reciprocal payments. It is set up by the National Payments Corporation of India (NPCI). The helpline system, named ‘Digisaathi’, allows all kinds of users to resolve their queries on the website or via chatbot.
Users can visit http://www.Digisaathi.Info to ask questions or call 14431 and 1800 891 3333 to ask questions.