RBI Governor Shaktikanta Das launched UPI for feature phones, called UPI123Pay. They have also launched a 24x7 helpline for digital payments Dizzy Saathi. UPI on feature phones will help people in rural areas who cannot use smartphones. Complete information about the features you will get and how money can be transferred is given here.
UPI123Pay Make India Cashless
BHIM (Bharat Interface for Money) is a UPI enabled initiative to facilitate safe, easy & instant digital payments through your mobile phone. payments app that allows accepting UPI and card payments from any app for FREE. It makes payment acceptance simple by offering merchants a single QR to accept payments from Google Pay, PhonePe, Paytm App, BHIM, Amazon UPI, and 150+ other banking apps. You can also accept debit and credit card payments using BharatSwipe.
You have linked your Mobile Number with your Bank Account and the same is used for accessing BHIM. Your phone should have an active SIM linked to your Bank Account. In case of Dual SIM, kindly ensure that you’ve selected the SIM card linked to your Bank Account. You have a valid Debit Card for your Bank Account. This is required to generate UPI PIN. Money Transfer to Banks in India , Recharge , BHIM UPI , Credit Card Payment app.
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Transaction limit is Rs. 1,00,000 per transaction and per day. Please note that your Bank’s Transaction Limit may vary from BHIM’s limit.)
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