MoneyWorks4Me

Indian Bank launches UPI app

04 Jan 2017 Evaluate

Indian Bank has rolled out Unified Payment Interface (UPI) app to tackle transactions with ease, following demonetisation. The app will enable Indian Bank’s customers to send and receive money using their smartphones. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing and merchant payments.

It introduced USSD banking, under which customers and merchants can register their details through their mobile phone by calling *99*58#. This unique platform will empower the customers to make payment directly to, among others, a mobile number and virtual public address without internet connection.

Indian Bank offers wide range of services in Personal Banking, Corporate Banking, Mobile banking and Phone banking etc.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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