There is no doubt that mobile apps have made a life lot easier. Cashing in on this opportunity, the National Payments Corporation of India (NPCI), which is an umbrella organization for all retail payments system in India, has launched the Unified Payments Interface (UPI) to enable money transfers between two parties as easy as sending a text message from a mobile. UPI is a mobile-friendly payment option that eliminates the need of knowing or providing the bank details in order to send/receive funds. Presently, 21 banks have launched their UPI-enabled app on the Google Play Store. To know more about UPI and how it works, check out our Finance section on Page 14 and our detailed review of the Axis Pay mobile app (UPI-enabled app by Axis Bank) on Page 16.
The list is not over yet. There is a lot more to explore in the ever-growing world of mobile apps. Get your copy now!
Appy Reading