Punjab National Bank (PNB) launches IVR-based UPI 123PAY. Details right here

What is UPI 123PAY

Unified Payments Interface (UPI) is a 24-hour fee channel enabling clients to carry out quick, encrypted and real-time funds. Till now, the answer was accessible solely by means of smartphones or by means of Unstructured Supplementary Service Data (USSD) service and was depending on good web connectivity. The UPI 123PAY answer would lengthen the performance and facilitate the function to any telephone customers and people in low web connectivity zones to carry out UPI transactions.

“India’s massive inhabitants resides in rural and semi-urban areas. Such a inhabitants nonetheless depends on money for his or her each day wants. With roughly 63% of our branches being situated within the rural and semi-urban areas, PNB, has an enormous buyer base within the distant areas of the nation. To facilitate such individuals, who should not have entry to smartphones or web connectivity, we’re delighted to introduce the performance of UPI 123PAY. It will allow EVERYONE with ANY telephone to make PAYMENTS by means of UPI from ANYWHERE in INDIA. The performance can also be obtainable for non-PNB clients.” MD & CEO, PNB, said. 

How to use UPI 123PAY

The UPI 123PAY functionality is simple and involves the following steps:

Step 1-Dial the bank’s easy-to-remember IVR number “9188-123-123″

Step 2-Choose the beneficiary

Step 3-Authenticate the transaction

UPI 123PAY can be multilingual and be obtainable within the buyer’s most well-liked language.

IDFC First Bank, City Union Bank & NSDL Payments Bank have gone reside on IVR funds.

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Updated: 12 Jun 2023, 03:01 PM IST

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