Vijaya Bank UPI (Unified Payment Interface) - PowerPoint PPT Presentation

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Vijaya Bank UPI (Unified Payment Interface)

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Unified Payments Interface (UPI) is a payment system by NPCI that allows transfer of funds between accounts in a secure and convenient manner through your Smartphone.  UPI allows a customer to pay directly from a bank account to different merchants, both online and offline, without the hassle of typing credit card details, IFSC code, or net banking/wallet passwords – PowerPoint PPT presentation

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Title: Vijaya Bank UPI (Unified Payment Interface)


1
Vijaya Bank UPI
2
What is UPI ?
  • Unified Payments Interface (UPI) is a payment
    system by NPCI that allows transfer of funds
    between accounts in a secure and convenient
    manner through your Smartphone.
  •  UPI allows a customer to pay directly from a
    bank account to different merchants, both online
    and offline, without the hassle of typing credit
    card details, IFSC code, or net banking/wallet
    passwords

3
Vijaya Bank UPI
  • Vijaya UPI empowers you to connect and transfer
    funds from any bank account using just the
    Virtual Payment Address (VPA).
  • Eliminates the need to remember/share bank
    account number and IFSC code.

4
What is VPA ?
  • A Virtual Payment Address (VPA) is a unique
    identifier that you set and link to your bank
    account. (Example yourname_at_VIJB). Once linked,
    just quote your VPA instead of account number and
    IFSC to make or receive payments.

5
Flow for activation for Vijaya Bank UPI App
6
Features of Vijaya Bank UPI
  • Inter-operability Hassle free way to access
    accounts across banks through Vijaya UPI app. It
    is a secure and free way to transfer money
    instantly from any one bank to any other bank,
    through Vijaya Bank.
  • Push Pull Payments The payments can be both
    sender (payer) and receiver (payee) initiated and
    are carried out in a secure, convenient, and
    integrated fashion

7
Features Cont
Easy Instant Payments  The unified payments
system will propel easy instant payments via
mobile, web, and other applications. The benefits
of this mobile payment mechanism include its
round-the-clock availability and faster checkout
8
Features Cont
  • Payment through Virtual address Virtual address
    e.g. xyz_at_vijb is enough to send the payment!
    Since bank account details are not given in this
    virtual address, the customer can freely share
    the UPI financial address with others without
    fear of misuse.
  • It allows a customer to have multiple virtual
    addresses for multiple accounts in various banks.

9
How to access UPI App
  • Download Vijaya Bank UPI application to
    experience the unique way of making payments
    using a Virtual Payment Address(VPA)
  • Visit Play store and download.

10
Thank-you
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