Over the last few years, the government has been giving much importance to digitalisation of the banking and financial sector. Especially after demonetisation in 2016, banks have become more advanced in terms of technology. One of the most significant moves that have been witnessed in the recent times is the Unified Payments Interface (UPI). It is a real-time fund transfers and payments system developed by NPCI and regulated by RBI. United Bank of India has also launched United Bank of India UPI app.
BHIM United UPI Pay
United Bank’s UPI app is called BHIM United UPI Pay. This app is available for the customers of all Indian banks to register with UPI. The United UPI app provides comfort of a digital wallet along with the advantage of bank account. Different bank accounts can be managed on a single platform using this app.
The United Bank of India UPI application can be used for a number of purposes such as the following:
- Pay request
- Collect request
- Creating Virtual Payment Address (VPA)
- Making Merchant Payments
On the United Bank of India UPI app, a user can operate a number of bank accounts using a single mobile application which offers ease of use and convenience to a user.
The Unified Payments Interface is an application system supported through mobile phones and computer that help consumers to use their multiple bank accounts on single UPI App such as United UPI app. The mobile number registered in bank account can be used in single a UPI app to conduct a transaction. Following are some of the features of UPI application:
- One can maintain multiple virtual payment addresses
- One can change virtual payment addresses whenever they wish
- No two accounts will have the same virtual payment address
How to install BHIM United UPI Pay App?
This app is available on Google Play Store or iOS App store. To download the United UPI application, just search for it on any of these app stores and download. Once you install the application, you will have to login with a bank account. Make sure that you enter the mobile number registered with that bank account as the app will send an SMS to authenticate your sign in.
Benefits of the BHIM United Bank of India UPI Pay App
One of the best features which enhance and sets aside UPI from other modes of transaction is that it does not require any personal information to be shared with a third party. Transactions can be completed by UPI application, without the need to share your account details with anyone. This feature of UPI App is a major improvement over newer methods such as NEFT and RTGS as no one would prefer to pass on their banking information when it comes to transacting digitally with an unknown person.
When it comes to making a payment, online payment methods like NEFT and RTGS require addition of payee before funds can be transferred to their account. However, with UPI App, one need not worry about adding a payee and waiting for approval of their addition, before transferring funds to their account. So, whether one wishes to make an exchange of Rs. 10 or Rs. 1 Lakh, they can make it conveniently through UPI platform in real-time.
The feature of BHIM United Bank of India UPI Pay App is available 24×7 so that you can transact using your smartphone at any hour of the day and even on a holiday. Now, your scope of transactions is not limited to a bank holiday or a public holiday. This is the best feature of UPI that lends immense convenience and flexibility to a user. UPI is the best mode of payment when it comes to transacting with an unknown person. You need not worry about online fraud or theft of your crucial banking information when using UPI. Setting up a UPI account is a one time step, where a customer is ideally required to inform the details about his bank, account number, IFSC and more. However, this information is only collected to verify the details of the account holder. The actual exchange takes place with the help of a virtual payment address, mobile number or Aadhaar Number of the beneficiary. UPI is the safest mode of exchange in the current date.