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IndusPay UPI App, an Easy Way to Send and Receive Money
Posted on Wednesday, December 1st, 2021 | By IndusInd Bank
UPI, or Unified Payments Interface, has been one of the most convenient things added to the banking ecosystem in the last few years. With UPI, you can make payments without having to carry wads of cash or keep track of your cards. You can send money to your friends, shop online or pay at stores through this simple technology. All you need to do is download a UPI app on your phone and create a virtual payment address.
Today, several UPI apps are available for you to download. IndusPay – IndusInd Bank’s UPI BHIM app – is one of the best among them. Using it, you can generate your unique virtual payment address (VPA) and PIN. Then, you can make payments without the hassle of filling in any details, such as the account number or IFSC.
So, let us explore the benefits you can enjoy on the IndusPay UPI app and how you can register yourself.
Benefits Of IndusPay UPI App
- Zero Transaction Charges
There were days when you had to pay 5% of the amount for the transfer. MasterCard and VISA still charge 1-2% of the transaction amount for making payment to a merchant. Even NEFT and IMPS levy a small charge. However, with IndusPay UPI, all the transactions are completely free!
- Secure Transactions
When you make UPI transactions, there’s no transfer of sensitive information involved. You don’t have to provide your bank account number, nor do you have to enter your credit card number or CVV. As a result, UPI payments are safer than other digital payment modes. All you have to do is scan a QR code or enter the recipient’s VPA, enter your UPI PIN to complete the transaction.
- Automated Payments
The best thing about the IndusPay UPI app is that you can use it to create a UPI mandate, using which you can pre-authorise (mandate) a transaction, which will be debited from your account later. It is an easy way to automate and schedule your payments. A UPI mandate can be helpful in scenarios where funds are to be transferred later, but the commitment is already made.
- Easy Bill Payments and Tracking
The IndusPay UPI app isn’t just limited to merchant transactions. You can also use it to pay your utility and mobile bills, recharge your mobile and data card, pay insurance premiums, etc. Plus, every time you transfer money, it’s logged into the virtual passbook, allowing you to track your spending.
- Rewards and Cashbacks
Apart from ease of payments, the BHIM app also rewards you with cashback and rewards on every transaction. Using these, you can save a ton on merchant transactions, as well as online shopping.
Here’s How You Can Register for Indus Pay
- Download the Indus Pay app from Google Play.
- Choose your preferred language.
- Select whether you’re registering as a consumer or merchant.
- The app will identify your SIM cards and prompt you to select the SIM related to the mobile number linked to your bank account. Once you select your preferred SIM, you will receive an OTP to authenticate your mobile number.
- The app will automatically fetch the details of the bank account linked to your mobile number. Confirm your bank account details and proceed.
- Create your virtual payment address (VPA).
- Once you’ve created a VPA, set up your application PIN.
- Upon successfully generating the PIN, you can start using the app to make and accept payments.
Summing Up
Go cashless and make instant digital payments using the IndusPay UPI app today. Enjoy free and secure transactions, set up automated bill payments, track your spending, and earn exclusive rewards and cashback
Get started with the IndusPay UPI BHIM app. Download it here!
Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.
