Latest news with #UPI-enabled
Indian Express
7 days ago
- Business
- Indian Express
Paytm introduces Total Balance Check feature for UPI-linked bank accounts: Here's how to use it
Popular payments and financial services platform Paytm, on Wednesday, June 25, introduced a new Total Balance Check feature for UPI-Linked Bank Accounts. The latest feature allows the user to check both their individual and total bank balances for accounts linked on Paytm via UPI at one place While users had to previously check each account's balance and add up the total manually, this addition by Paytm now gives the user their cumulative balance upfront, in real time. The feature is particularly useful for those who maintain multiple accounts for savings, spending, or salary credit. The feature is secured with UPI PIN verification, ensuring enhanced security. This is a notable addition for people who have multiple accounts linked for UPI on the app. 📌On the Paytm app, open the 'Balance and History' section. 📌Link the UPI-enabled bank accounts to the app, if not done already. 📌Then, the user can check each account's balance by entering their UPI pin. 📌At the top of the screen, Paytm will now display the user's total balance in all linked accounts. 'With Total Balance View, users who have linked multiple bank accounts for UPI on the Paytm app can effortlessly check both total and individual bank balances. This makes it easier to track expenses, plan spends, manage savings, and make informed financial decisions,' said a Paytm spokesperson. Along with this, Paytm has also introduced landmark features such as the option to hide specific payments, ensuring additional privacy for the user. The company has also added a home screen widget to receive money quickly, making each user's UPI IDs customisable. They can now hide mobile numbers and even download UPI statements in Excel or PDF formats. Paytm is also supporting UPI transactions for Indians in select foreign countries, such as UAE, Singapore, France, Mauritius, Bhutan, Sri Lanka, and Nepal. Founded in 2010, Paytm (operated by One97 Communications Limited) has gone on to become the leading company for payments and financial services distribution in India. It is also considered the pioneer of mobile payments and QR codes. (This article has been curated by Purv Ashar, who is an intern with The Indian Express)
The Wire
7 days ago
- Business
- The Wire
IDFC FIRST Bank Introduces UPI Services for NRI Customers Across 12 Countries
Mumbai, Maharashtra, India – Business Wire India IDFC FIRST Bank today announced that Non-Resident Indian (NRI) customers of the bank can now make UPI payments using their international mobile numbers. NRIs can now make real-time UPI payments from their NRE or NRO accounts with IDFC FIRST Bank through the Bank's mobile application, without incurring any charges. Additionally, they have the flexibility to link their IDFC FIRST Bank accounts to other UPI-enabled applications. This facility is available to all IDFC FIRST Bank NRI customers from 12 countries Australia, Canada, France, Hong Kong, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, the UAE, the UK, and the USA - for INR-denominated transactions within India. With this new feature, IDFC FIRST Bank has seamlessly integrated UPI payments into its digital banking platform for NRIs, enhancing convenience and accessibility. The NRI customers can now send and receive money instantly using QR codes, UPI IDs, or mobile numbers. This allows the Bank to empower its NRI customers to manage their finances with the same ease and security as domestic customers. Key Benefits: • No Indian SIM Required: Use your international mobile number linked with NRE/NRO account • Instant Transactions: Send & receive money or pay bills using QR codes/ UPI IDs/ mobile number • Zero Transaction Fees: Enjoy UPI payments without incurring any charges. • Secure and Reliable: Enjoy the same level of security standards as domestic UPI Ashish Singh, Head Retail Liabilities, "Our vision has always been to simplify and enhance banking, making it accessible no matter where our customers are located. The launch of UPI services on international mobile numbers is a testament to our commitment to innovation, and catering to the unique needs of the NRI diaspora." NRIs can use the UPI facility even while being abroad, provided the payments are for transactions within India. Such transactions do not attract any foreign exchange charges. 3 Simple Steps to enable UPI Transactions and make payments: Step 1: Login to the IDFC FIRST Bank app and click 'PAY' Step 2: Link Bank Account Step 3: Create UPI ID to start making payments. About the Bank IDFC FIRST Bank is a fast growing, new age Private Sector Bank created in India with a vision of building a world-class Bank in India, focused on Ethical, Digital, and Social Good Banking. The Bank has 35.5 million live customers, a customer deposit base of Rs. 2,42,543 crores and loans and advances of Rs. 2,41,926 crores, spread over 60,000 cities, towns, and villages across India. It has 1,002 branches but is built as a digital first Bank in scale, scope, and approach. Its customer deposits are growing at 25.2% YoY and Loans & Advances growing by 20.4% YoY (March 31, 2025) based on friendly user digital interface, ethical approach, customer friendly products, strong brand, and high corporate governance. Its technology stack is built on advanced technology using cloud native experience layer, microservices led architecture, and powered by advanced data platform, analytics, and Artificial Intelligence. Its mobile App is rated 4.9 on Google Playstore with 30 million downloads and 1.7 million ratings and 4.8 on Appstore with 1.86 lakh downloads and 1.5 lakh ratings. The App is rated #1 in India and #4 App in the world by The Forrester Digital Experience Review™: Global Mobile Banking Apps, Q4 2024 for prioritising Customers' financial well-being, comprehensive suite of financial management features, and personalized financial insights, providing educational resources and expert guidance through its Financial Wellness Corner and IDFC First Academy. The 7 Core Principles of IDFC FIRST Bank 1. Vision: Building a world-class Bank in India, focused on Ethical, Digital, and Social Good Banking. 2. Universal Bank: IDFC FIRST Bank is a Universal Bank, offering a comprehensive range of services, including Retail, MSME, Rural, Startups, Corporate Banking, Cash Management, Wealth Management, Deposits, Government Banking, Working Capital, Trade Finance, and Treasury solutions. 3. Ethical Banking: The Bank adheres to a "Near and Dear" test, ensuring its products are so customer-friendly that employees can confidently recommend them to loved ones. The Bank is committed to doing right by customers even when no one is watching and believes that income earned unethically is not worth earning. So, the Bank has simplified descriptions, calculations, and legal jargon to avoid confusing customers and offers 'ZERO FEE Banking' on all savings account services, including SMS alerts, IMPS, RTGS, NEFT, cash deposits, non-home branch access, ATM withdrawals, cheque books, Demand Drafts, Pay Orders, duplicate statements, and other commonly charged services. It is the first and only bank in India to do so. 4. Customer Friendly Banking: IDFC FIRST Bank credits interest monthly on savings accounts. For credit cards, it offers lifetime-free cards with no minimum spend conditions, non-expiring reward points, zero interest on ATM cash withdrawals, and dynamic low APR. Any applicable fees are transparent and clearly explained. 5. Digital Banking: The Bank's modern technology stack delivers high-quality services across mobile, branch, internet banking, call centres, and relationship managers. 6. Social Good Banking: The Bank is financially inclusive with high asset quality. It has financed over 38 million customers, including 16 million lifestyle improvement loans, 15 million loans to 4.3 million women entrepreneurs, 6.5 million vehicle loans, 1 million sanitation loans, 1 million livelihood loans, 300,000 SME loans, and 100,000 home loans. 7. ESG: The Bank holds high ESG scores, reflecting its commitment to financial inclusion and social responsibility. To View the Image, Click on the Link Below: Steps for NRI Customers to activate UPI (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). This is an auto-published feed from PTI with no editorial input from The Wire.
News18
25-06-2025
- Business
- News18
Use UPI With International SIMs Cards From These 12 Countries For Free Of Cost; Know How
Last Updated: NRI customers of this Bank can now make UPI payments in India using their international mobile numbers; Here's how UPI Transactions From International Numbers: Non-Resident Indian (NRI) customers of IDFC First Bank can now make UPI payments in India using their international mobile numbers, without any additional charges. This new feature is available to all NRE and NRO account holders from 12 countries: Australia, Canada, France, Hong Kong, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, the United Arab Emirates (UAE), the United Kingdom, and the United States of America (USA). UPI on International Numbers—No Indian SIM Required According to a press release dated June 25, 2025, IDFC First Bank announced that its NRI customers can link their NRE or NRO accounts to any UPI-enabled app, such as Google Pay, PhonePe, Paytm, and others, using their international mobile numbers. For example, an IDFC First Bank customer living in Dubai with an Etisalat or Du SIM can now make UPI payments in India directly through Google Pay, provided they hold an NRE or NRO account with the bank. Key Features of the New UPI Facility The new service is designed to help NRIs manage their India-based finances with greater ease and security. Here are the highlights: The feature supports INR-denominated transactions within India and ensures that NRIs are not charged any foreign exchange fees while transacting from abroad. How to Set Up UPI with International Number (IDFC First Bank App) Step 3: Create a UPI ID and begin making payments Ashish Singh, Head of Retail Liabilities at IDFC First Bank, said: 'Our vision has always been to simplify and enhance banking, making it accessible no matter where our customers are located. The launch of UPI services on international mobile numbers is a testament to our commitment to innovation and catering to the unique needs of the NRI diaspora." This latest feature strengthens IDFC First Bank's offerings for overseas Indians, enabling seamless digital transactions without the need for an Indian mobile number. First Published:
Time of India
25-06-2025
- Business
- Time of India
UPI with international number? SIM cards from these 12 countries can now be used for UPI by IDFC First Bank customers free of cost
Details of new NRI UPI payments feature launched by IDFC Bank Non-Resident Indian (NRI) customers of the bank can now make UPI payments using their international mobile numbers. NRIs can now make instant UPI payments from their NRE or NRO accounts using IDFC FIRST Bank's mobile app, without incurring any charges. Plus, customers have the option to link their bank accounts to other UPI-enabled apps. This facility is available to all NRI customers of the Bank from 12 countries: Australia, Canada, France, Hong Kong, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, the UAE, the UK, and the USA - for INR-denominated transactions within India. Academy Empower your mind, elevate your skills No Indian SIM Required: Use your international mobile number linked with NRE/NRO account Use your international mobile number linked with NRE/NRO account Instant Transactions: Send & receive money or pay bills using QR codes/ UPI IDs/ mobile number Send & receive money or pay bills using QR codes/ UPI IDs/ mobile number Zero Transaction Fees: Enjoy UPI payments without incurring any charges. Enjoy UPI payments without incurring any charges. Secure and Reliable: Enjoy the same level of security standards as domestic UPI How can IDFC First Bank customers use UPI with international mobile numbers? Step 1: Login to IDFC FIRST Bank app and click 'PAY' Login to IDFC FIRST Bank app and click 'PAY' Step 2: Link Bank Account Link Bank Account Step 3: Create UPI ID to start making payment. Non-resident Indians (NRI) customers of IDFC First Bank can now use the unified payment interface UPI ) to make payments in India using their international mobile numbers. This service is free and available to all NRE and NRO bank account holders of the bank from 12 countries: Australia, Canada, France, Hong Kong, Malaysia, Oman, Qatar, Saudi Arabia, Singapore, United Arab Emirates (UAE), United Kingdom, and United States of America (USA).In a press release dated June 25, 2025, the bank announced that their NRE/ NRO customers can link their bank accounts with any UPI enabled apps ( PhonePe Google Pay , Paytm, etc) using their international mobile numbers. For example, if you are living in say Dubai, United Arab Emirates (UAE) and have say an Etisalat or Du mobile SIM, then you can use Google Pay to pay in India, provided yo u have an IDFC First Bank NRE or NRO bank below to know the the press release IDFC First Bank said:The bank said in the press release: 'The NRI customers can now send and receive money instantly using QR codes, UPI IDs, or mobile numbers. This allows the Bank to empower its NRI customers to manage their finances with the same ease and security as domestic customers.'The bank also outlined the key benefits of this new feature:Ashish Singh, Head Retail Liabilities, IDFC First Bank says: " Our vision has always been to simplify and enhance banking, making it accessible no matter where our customers are located. The launch of UPI services on international mobile numbers is a testament to our commitment to innovation, and catering to the unique needs of the NRI diaspora"IDFC First Bank said in the press release that NRIs can use the UPI facility even while being abroad, provided the payments are for transactions within India. Such transactions do not attract any foreign exchange are the Steps
Mint
29-05-2025
- Business
- Mint
UPI credit line explained: Benefits, eligibility, and how to apply
The UPI, an important part of India's paperless economy, has appeared in an ever-changing digital banking environment. Building on this model, the UPI credit line rollout allows for a seamless transition to include credit facilities into everyday transactions. The UPI credit line is a pre-approved credit facility that connects to a user's UPI account. It allows an individual to access borrowed funds for a payment or purchase that is then repaid later. This system eliminates the need for a readily accessible traditional credit card; it offers an easier-to-use and more accessible form of credit. Easy integration: Borrowers will have easy access to their funds by simply linking their credit line to any app using UPI. Flexible repayment: Borrowers will have the option to pay back the entire amount of credit used or pay parts of it off using the flexibility they have with their own finances. Safe money movement: Adding another layer of protection, each transaction will be verified with a unique UPI PIN. Widespread use: You can use the credit line to pay for business through use of e-commerce platforms or by scanning QR codes. Potential applicants for the UPI credit line would be expected to meet the following definitive qualifications: Age: The applicant must be eighteen years of age at the time they apply for the credit line. The applicant must be eighteen years of age at the time they apply for the credit line. Bank account: The applicant must have a checking or savings account at a bank that holds a UPI credit line account. The applicant must have a checking or savings account at a bank that holds a UPI credit line account. Credit score : The assessment on whether a person has good credit history by the bank is a reasonable indicator of creditworthiness. The assessment on whether a person has good credit history by the bank is a reasonable indicator of creditworthiness. KYC: The applicant must complete the KYC process, which means they are to provide proof of address information and identifying documentation. Open UPI app: Open your chosen UPI-enabled app, e.g. Google Pay, PhonePe or Paytm. Find the credit services section: Go to the area in the app named 'loan' or 'credit'. Apply for a credit line: After selecting to apply for a credit line, input the appropriate financial and personal information. Complete KYC: Undertake the KYC process which could include documenting identity and the verification process. Link and use: Once approved, the credit line is linked to your UPI account and available for use in the transactions. Accessible: Offers an alternative to regular credit cards and can be an advantage for those who struggle to access traditional credit. Offers an alternative to regular credit cards and can be an advantage for those who struggle to access traditional credit. Convenient: Allows people to access credit quickly and easily and does not require paper receipts or physical cards. Allows people to access credit quickly and easily and does not require paper receipts or physical cards. Financial inclusion: The goal is to increase the number of people that can access formal credit in a way to enable greater participation in the economy. The goal is to increase the number of people that can access formal credit in a way to enable greater participation in the economy. Cheap: Could be less than standard credit products because of the interest rate and fees. Guidelines for usage: Credit lines may not support peer-to-peer transfers since credit lines are generally for merchant transactions. Credit lines may not support peer-to-peer transfers since credit lines are generally for merchant transactions. Impact to credit: There is a risk to your credit score if you don't repay your utilised credit on time. There is a risk to your credit score if you don't repay your utilised credit on time. Availability: The UPI credit line feature is not supported by all banks, or all UPI applications. In conclusion, the UPI credit line is an exciting development in the digital finance space in India. It is a convenient and flexible credit solution that can be integrated into day to day transactions easily. This feature could potentially increase financial inclusion, and allow customers to better manage their financial obligations, leveraging UPI"s wide acceptance. Disclaimer: Mint has a tie-up with fin-techs for providing credit, you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit score. Mint does not promote or encourage taking credit as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
