Unified Payments Interface (UPI) is an instant payment system developed by National Payments Corporation of India (NPCI). The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions. It is used on Mobile devices to instantly transfer funds between two bank Accounts.
Customer can experience following Services:
Round the clock availability
Single Application for accessing different bank accounts
Use of Virtual ID is more secure, no credential sharing
Single click authentication
Safer, Secured and Innovative
Payment can be received using QR Code for Merchant Account Holders
Utility payments
Guide for UPI transaction reference number tracking
BENEFITS
• Instant credit of funds in your THE PIMPALGAON MERCHANTS CO-OP BANK account
• No daily and monthly limits of receiving funds
• Easy Onboarding process.
• No rental or AMC charges for merchants
• No setup fees
• Fast and secure way of receiving digital payments
• Instant notification of fund credit in your THE PIMPALGAON MERCHANTS CO-OP BANK LTD. account