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How UPI may score over IMPS for making mobile payments

You can even send a collection request if you have loaned money to someone. If he does not approve the payment, his intention would be suspect

Harsh Roongta 

The new Unified Payments Interface (UPI) by National Payments Corporation of India is expected to make mobile payments much easier. But, there is an obvious question: What will UPI change? The question becomes all the more important because it also uses the same Immediate Payment Service (IMPS) platform that all existing mobile payment platforms already use. ALSO READ: Wake up to a new payments regime today Let's understand the difference. UPI plays the crucial role of the central registry, enabling complicated account information to be converted into a simple address. So, ...

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How UPI may score over IMPS for making mobile payments

You can even send a collection request if you have loaned money to someone. If he does not approve the payment, his intention would be suspect

You can even send a collection request if you have loaned money to someone. If he does not approve the payment, his intention would be suspect The new Unified Payments Interface (UPI) by National Payments Corporation of India is expected to make mobile payments much easier. But, there is an obvious question: What will UPI change? The question becomes all the more important because it also uses the same Immediate Payment Service (IMPS) platform that all existing mobile payment platforms already use. ALSO READ: Wake up to a new payments regime today Let's understand the difference. UPI plays the crucial role of the central registry, enabling complicated account information to be converted into a simple address. So, ... image
Business Standard
177 22

How UPI may score over IMPS for making mobile payments

You can even send a collection request if you have loaned money to someone. If he does not approve the payment, his intention would be suspect

The new Unified Payments Interface (UPI) by National Payments Corporation of India is expected to make mobile payments much easier. But, there is an obvious question: What will UPI change? The question becomes all the more important because it also uses the same Immediate Payment Service (IMPS) platform that all existing mobile payment platforms already use. ALSO READ: Wake up to a new payments regime today Let's understand the difference. UPI plays the crucial role of the central registry, enabling complicated account information to be converted into a simple address. So, ...

image
Business Standard
177 22