UPI – Unified Payments System in India just initiated in 2017 , when government announced for Digitization of the country and all its services . With begging the technology era in India , almost all services proposed to made digital by 2024 in India.
In 2017 , all domestic or consider services were offline like LPG Booking , AC services , Birth or death certification generation , payment of property taxes etc . In th year , government of India announced th Digital India revolution in the country where they unified and simplified the payment method for faster movement of transactions in the country .
What is UPI ?
The definition for the term UPI has been given as unified payment interface , it means the transactions shall happen on account to account basis without involving any third party . This method of money transfer was initiated by indian government for faster movement of funds across the country and hassle free payments .
Currently , there are several UPI features apps like Paytm Upi, phonepe , bharat pe , BHIM Upi ( official government app ) .
Google Pay is also a UPI based app where you can make payments for any services you take or for lending or shopping purposes .
UPI transactions are highy secure as these transactions happen to go end to end , and is not breakable by any middlemen company . The person making the payment get his amount deducted from the bank account while it is instantly credited to the account o the beneficiary .
Google Pay a trusted and Secured way of making Online Transactions
After announcement of Digitization in India ,several digital payments app observed rise in their business and also opportunities for digi payment startups also rise.
In view of the increasing use digital payments mode in India , Google launched the most secure and easy way of transacting money without real money that is Google Pay. The app on clicks gets access on customers bank account and helps him in paying or receiving payments. For or from the beneficiary account holder .
Google pay along with allowing payement options also provide certain additional payment features like payement on shopping vouchers , buying movie tickets , recharges or making online bill payements etc
The best part of the app is that you get certain cashback on making any recharge or some coupon in returns which can further be used for shopping or payment purposes . All this happens without storing a single penny on the app
Also Read : India me Live Train Status Kaise Dekhe – Where is My Train App for India Review
How to Register on Google Pay ?
It’s easier to register on Google Pay. It does not require to register through any User I’d or password something .
To register on Google Pay –
The mobile in which the app is installed should have a Sim card with a mobile number already connected to the the bank account . Google pay on its initiation will ask for confirmation for taking otp from the message inbox of your phone which will be sent by the app for confirmation purpose and for linking your bank account .
The app will now ask for an email , which will be connected for generating a UPI Id for the user and for sending details of all transactions of the user . Once an email is associated with the account the app will show the interface of the app to payments and the user is ready to receive payments or receive money through Google Pay .
Transacting using Google Pay
Transacting using Google Pay is much easier as compared to other apps . The UPI system in Google pay helps the used to detect the actual identity of the recipient.
For receiving payments on Google Pay –
To receive any type of payment using Google pay like business payments , salary ,allowances , or payments from friends and relatives , the user has to first identity in which bank account he want to receive such money (if the user has multiple bank account associated with such mobile number ) , secondly he has to find or generate his UPI I’d to be sent to the payment maker for making payments.
The user can also directly receive payments by inviting the user in the app itself and can request him for making payment.
For making payments using Google Pay –
Google pay has advanced security features for making payments . The app supports all type of payments like electricity bill payment , dish recharges ,business e-payments , tax payment online , sending money to friends or relatives etc .
Benefits
- Google Pay as the name suggest is associated with the most trusted service over internet as the company includes high end security features and prompt payment options .
- Google Play requires a one time access to the Otp – one time password for multiple transactions , which is another a helpful feature for the user , as the user for making multiple payments on the go does not required to enter multiple otp’s again and again .
- Google pay is an end to end supported payment app which does not require any money storage over any wallet , while receiving or making payment the app instantly receive or make payment from one bank account to another . So the funds are well secured while transacting with the app .
- Google pay like also provide a feature to the user to disable his account or his UPI I’d or re-enable the deactivated account or UPI I’d at any time if the user wants . Thus the app gives full control to the user to make transactions .
Other Similar Options
- Paytm UPI : This is the second most reliable options for making payment in UPI mode . Paytm has been approved by RBi in India to hold all types of transactions and allow its users to make all transaction types .
- BHIM UPI : This is an official government approved app or we can say it is the authorised app of government for making payments or receiving payments directly in bank , the app holds all necessary security measures for it’s users.
- PhonePe UPI : Phonepe being owned by a renowned company Flipkart , has become one of the top leading applications in the market in the share of Mobile banking and e-money . This app can also be trusted and can be used for making e-payments .
- BharatPe UPI : This is a privately owned company ,promoted by Salman Khan a known Bollywood actor , the application gives a lots of cashback features and earning opportunities as well to earn more in the app.
If you need any suggestion regarding any application or any transactions you can contact us .
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