RBI has launched a new UPI service,123PAY. It aims to support approximately 40 million feature phone users in the country. The new features were announced by RBI Governor Shaktikanta Das. Previously, UPI payments were only possible via smartphone payment apps and USSD-based services for feature phones. However, according to Vice Governor T Rabi Shankar, the latter turned out to be annoying due to the lack of services on some mobile networks.
What is UPI 123Pay?
Simply put, UPI 123Pay allows you to send money and other financial transactions via feature phones. The system does not require an internet connection to send or receive money. The user can start and execute a UPI transaction by following a simple three-step method. “UPI 123Pay aims to enable more people to enjoy an integrated digital experience through feature phones,” RBI Governor Shaktikanta Das said in the launch of this new initiative.
How to use UPI 123Pay for feature Mobile phones
With UPI 123Pay, users no longer need a smartphone or internet connection to make payments via a unified payment interface. To use the UPI service, customers simply link their bank account to a feature phone that contains debit card details. Feature phone users can trade in four different ways: missed calls, app-based features, interactive voice response or IVR, and voice-based proximity payments. Let’s see how these methods work
Missed Call
If you have a feature phone, you can easily send money, pay invoices, and pay merchants with a simple missed call. To pay an invoice for a nearby Kirana store, the user must make a missed call to the number displayed on the seller’s point of sale. They soon
Enter the UPI PIN to authenticate the transaction and complete the transaction.
UPI based on 123Pay app
Feature phones are installed with applications that allow customers to use various UPI features. All other UPI payment features are available to feature phone users, with the exception of scanning and payment features.
Interactive voice response (IVR)
To initiate UPI payments via IVR, the user must initiate a secure call from the feature phone to the given number. Once the UPI onboarding process is complete, you will be able to start executing financial transactions without an internet connection.
Proximity voice-based payments: Use sound waves to enable contactless, offline, and proximity data communications on any device, RBI said.
UPI 123Pay: Where can I use it?
With the UPI 123Pay option, you can make in-store payments, remittances, replenish LPG gas connections, replenish mobile phone numbers, replenish FAST tag vehicles, pay invoices, and pay EMI between various financial transactions. I can do it. This unique feature also allows users to see the balance of their UPI-linked bank account.
ALSO, READ - iPhone SE (2020) Flipkart for Rs 15,948 is currently available for purchase: How to Purchase?
“To attract thousands of feature phone users to the digital ecosystem, RBI has launched a UPI payment service for feature phones / non-Internet. This decision, called UPI 123 Pay, is a new impetus for digital adoption. The domestic digital payments industry has undergone a transformational change. So far, UPIs have been limited to smartphone users, keeping many of the potential users in rural areas away from this ecosystem. This step will help deepen financial penetration and expand consumer digitalization, “said Nitin Mathur, Chief Executive Officer of Tavaga Advisory Services.
How to make digital payments without connecting to the internet via the UPI 123PAYIVR call service
One of the easiest ways to use the UPI 123 PAY feature is to use the IVR service. To find out how to use this feature, follow these steps:
- Dial 08045163666 from the phone
- Select your preferred language
- To send money, press the “1” key on the phone
- Say the name of the bank and select the bank associated with the UPI
- Press the key “1” to see the details
- To send money using your mobile number, press the “1” key.Enter your mobile number
- Check the details.Enter the amount you want to transfer
- Enter UPI PIN to approve the transfer.
2 thoughts on “What is UPI 123Pay? How to use 123PAY to make UPI payments without an internet connection”