UPI 123PAY
UPI 123PAY is a suite of solutions developed by National Payments Corporation of India (NPCI) for non-smartphone users to use the Unified Payments Interface (UPI) without internet connectivity.
The service uses an account number and phone number while leveraging Dual Tone Multi-Frequency (DTMF) signaling technology and follows the UPI two-factor authentication protocol for transactions.
UPI 123PAY offers a number of features that make it easy for non-smartphone users to make payments, including:
IVR-based payments: Users can make payments by calling an IVR number and following the instructions.
App-based payments: Users can download a UPI 123PAY app on their feature phone and make payments using the app.
Missed call-based payments: Users can make payments by dialing a missed call to a UPI 123PAY number and following the instructions.
Proximity sound-based payments: Users can make payments by placing their feature phone near a merchant's phone and following the instructions.
UPI 123PAY is a convenient and secure way for non-smartphone users to make payments. It is expected to help increase financial inclusion in India by making it easier for people without smartphones to access financial services.
Here are some of the benefits of using UPI 123PAY:
Convenience: UPI 123PAY is a convenient way to make payments without having to use a smartphone.
Security: UPI 123PAY uses two-factor authentication to protect transactions.
Cost-effectiveness: UPI 123PAY is a cost-effective payment method. There are no charges for making UPI payments within the same bank, and charges are usually very low for making payments between different banks.
To use UPI 123PAY, you will need to:
Register with your bank: You will need to register with your bank to use UPI 123PAY.
Download the UPI 123PAY app: You can download the UPI 123PAY app from the Google Play Store or the Apple App Store.
Link your bank account: You will need to link your bank account to the UPI 123PAY app.
Set up your UPI PIN: You will need to set up a UPI PIN to authenticate your transactions.
Once you have registered, downloaded the app, linked your bank account, and set up your UPI PIN, you can start making payments using UPI 123PAY.
To make a payment using UPI 123PAY, you will need to:
Select the payment method: You will need to select the payment method you want to use.
Enter the recipient's details: You will need to enter the recipient's UPI ID or mobile number.
Enter the amount: You will need to enter the amount you want to send.
Authenticate the transaction: You will need to authenticate the transaction using your UPI PIN or two-factor authentication.
Once you have authenticated the transaction, the payment will be processed and the funds will be transferred to the recipient's account.
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