How-To

UPI: Here is how to set up UPI for money transfer

Madhu Balaji | | Updated on: May 26, 2022
Set up a UPI for digital payments

Set up a UPI for digital payments | Photo Credit: Tero Vesalainen

Apps including BHIM, GooglePay, PhonePe, and Paytm allow UPI payments

UPI refers to the Unified Payments Interface launched in 2016, and supports digital money transfers. To set up a UPI, users will have to have a bank account that offers the UPI facility.

Users will have to download apps that support UPI, including BHIM (Bharat Interface for Money by the National Payments Corporation of India), and private market players such as GooglePay, PhonePe and Paytm.

BHIM on Google Play

BHIM on Google Play

The application asks the user to choose a preferred language. They will also have to select a mobile number registered with their bank account.

Then, users will have to link their bank accounts after verification and create a UPI PIN to access the app.

Bank account linked to UPI

Bank account linked to UPI

Here, the process of registering a UPI account is complete, and a virtual payment address (VPA) is created. It allows users to transfer money, pay their utility bills, and check transaction history.

Transaction history on BHIM

Transaction history on BHIM

It also supports payments through QR codes.

Scan to pay feature

Scan to pay feature

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Published on May 26, 2022
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