After repo rate, another important decision of RBI, increase in UPI limit

UPI123pay is done in four ways

UPI123pay allows users to make UPI payments without the need for a smartphone or internet connection. Which makes digital payments easy for most people. UPI 123Pay offers four methods for transactions.

• Under Interactive Voice Response i.e. IVR, users call a predefined number and follow the voice prompts to complete the transaction. Dial the IVR number 080 4516 3666/6366 200 200/080 4516 3581 on the phone and follow the instructions and complete the payment through UPI PIN.
• Missed Call System: Users make a missed call to a merchant-specific number and receive a callback to verify the transaction with the UPI PIN.
• App Based Workforce: A simple UPI app for feature phones that provides basic payment functions.
• Proximity voice-based payments: Users tap their phone on the merchant device, using sound waves for contactless payments.

Payment can be made even without internet

To set up UPI 123Pay, users create a UPI ID by dialing *99# on their feature phone, selecting their bank, entering their debit card details and setting a UPI PIN. This system allows secure transactions without internet access, which allows financial transactions without a smartphone.

The important thing is that for digital payments, a facility like Unified Payment Interface i.e. UPI (Unified Payments Interface) allows you to easily transfer money sitting at home. UPI has emerged as the most widely used digital payment mode in recent years. Most of the people use UPI apps like Paytm, PhonePe, BHIM, GooglePay to make UPI payments which require internet. But through UPI 123Pay, money can be easily transferred even without internet connection.