Can you make UPI payments with banking apps?

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UPI or Unified Payment Interface is a fund transfer interface that uses a bank account-linked mobile number as an identifier to transfer money. You can also transfer funds directly by scanning the QR code instead of entering the UPI ID. Several banks have collaborated and developed mobile applications for UPI payments, but can you directly make UPI payments through your mobile banking application?

The article below acquaints you with the process of UPI payments through mobile banking applications.

Do banks offer UPI payment facilities through mobile banking applications?

Yes. You can make online payments using your mobile banking app by scanning the UPI QR code anywhere and anytime. However, you need to ensure that the facility is provided in your mobile banking app since a few banks may not allow UPI payments through their mobile banking application. In addition, you also need to have an active net banking facility and an active UPI ID.

IDFC FIRST Bank’s mobile application offers a comprehensive range of banking services, including UPI payments, all in one place. You can make P2P fund transfers, pay credit card bills, purchase insurance plans, and much more.

How to make UPI payments through mobile banking applications?

Making UPI payments through a mobile banking application is streamlined and hassle-free. Steps for making UPI payments through mobile banking applications may vary depending on the user interface of the banking application. However, here are the common steps to make UPI payments through a mobile banking application.

  • Open your bank’s mobile banking application
  • Navigate to the payment or funds transfer section
  • You can find various payment options such as IMPS, NEFT, RTGS and UPI.
  • Choose the UPI payment option from various payment methods
  • You will be prompted to enter the UPI ID of the beneficiary or scan the QR code.
  • Once you have entered either of them, you can proceed with the amount and enter the UPI pin to complete the payment.

Using UPI payments through a mobile banking application, you can pay utility bills, mobile bills, credit card bills and EMIs. In addition, if you are an IDFC FIRST Bank account holder, you can purchase health and car insurance using your banking application and pay through the UPI QR scanner.

Unified Payment Interface (UPI) has revolutionised the transfer of funds between bank accounts. Almost all the banks provide UPI payments through their mobile banking accounts. However, you need to activate your UPI ID before you can perform UPI payments. Also, you need to ensure that your bank provides UPI payment facilities in its mobile banking application.