Day: January 5, 2023

UPI Payment Link Generator UAE: The Future of Digital Transactions

by adminUPI

Click here to generate your FREE UPI QR CODE

UPI, short for Unified Payments Interface, is a real-time payment system developed by the National Payments Corporation of India (NPCI). In recent years, the popularity of UPI has grown rapidly in India and has now made its way to the United Arab Emirates (UAE). The UPI Payment Link Generator UAE is a new and innovative tool that makes digital transactions easier and more convenient than ever before.

What is UPI Payment Link Generator UAE?

The UPI Payment Link Generator UAE is a unique tool that generates a unique UPI payment link for users in the UAE. The link can be used to receive payments from anyone with a UPI-enabled bank account. All the recipient has to do is click on the link, enter the amount they wish to pay, and complete the transaction using their UPI ID.

The UPI Payment Link Generator UAE offers several benefits over traditional payment methods. The link eliminates the need to share sensitive information such as bank account numbers and IFSC codes, making transactions safer and more secure. Furthermore, the link is easily sharable through various mediums such as email, social media, and instant messaging platforms, making it ideal for businesses and individuals who need to receive payments from multiple sources.

Features and Benefits of UPI Payment Link Generator UAE

The UPI Payment Link Generator UAE offers several features and benefits that make it an ideal choice for digital transactions. Some of these benefits include:

  • Convenience: Users can generate a UPI payment link from anywhere, at any time, using their mobile device or computer. There’s no need to visit a bank branch or ATM.
  • Speed: Transactions made using the UPI Payment Link Generator UAE are processed in real-time, making it faster than traditional payment methods.
  • Security: The UPI Payment Link Generator UAE uses two-factor authentication to ensure the security of transactions.
  • Flexibility: The UPI Payment Link Generator UAE can be used for a wide range of transactions, including P2P transfers, bill payments, and mobile recharges.
  • Integration with e-commerce platforms: The UPI Payment Link Generator UAE is integrated with various e-commerce platforms, making it easier for users to make online payments.

How to Use UPI Payment Link Generator UAE

Using the UPI Payment Link Generator UAE is simple and straightforward. Here’s how:

  1. Log in to your UPI-enabled bank account.
  2. Click on the “UPI Payment Link Generator” option.
  3. Enter the amount you wish to receive.
  4. Generate the UPI payment link.
  5. Share the link with the person who needs to make the payment.

The recipient can then complete the transaction by clicking on the link and entering the amount they wish to pay using their UPI ID.

Conclusion

The UPI Payment Link Generator UAE is a game-changer in the world of digital transactions. With its convenience, speed, security, and flexibility, it offers a seamless and hassle-free experience for both businesses and individuals. The integration with e-commerce platforms makes it ideal for online transactions, while the ease of use and real-time processing make it a top choice for those looking for a faster, more secure payment option.

UPI scam: MHA reports a sharp increase in incidences of online payment fraud.

by adminUPI

Online payments are now incredibly rapid and simple thanks to the Unified Payment Interface (UPI). Nobody is shocked by UPI’s accomplishments. However, there has been a rise in the instances of fraud in UPI-based online transactions. The National Cyber Crime Reporting Portal (NCRP) has seen a large increase in cyber fraud reports as a result of UPI fraud, according to data from the Ministry of Home Affairs. Between the first and second quarters of 2022, reports of cyber fraud increased by 15.3%.

UPI Transactions Report Dec 2022

by adminUPI

    Payments through the Unified Payments Interface (UPI) touched a record high of Rs 12.82 lakh crore in December.

    During the month, 782 crore transactions in volume terms were done on the platform, which was launched in 2016.

    “UPI has made major contribution in ushering digital payment revolution in the country. In December 2022, UPI has crossed 7.82 billion transactions worth ?12.82 trillion,” the Department of Financial Services said in a tweet on Monday.

    Payments through UPI had crossed the Rs 12 lakh crore mark in October this year.

    In November, as many as 730.9 crore transactions worth Rs 11.90 lakh crore had taken place via UPI.

    UPI is an instant real-time payment system which facilitates inter-bank peer-to-peer (P2P) transactions. The transaction is done through mobile in easy steps. Besides, there are no charges applicable for UPI transactions.

    The inexpensive medium for cashless transactions has been gaining traction month-on-month and 381 banks are live on it.

    UPI transactions have increased dramatically in both volume and value terms over the last year, Spice Money founder Dilip Modi said.

    “The main advantage of UPI is the convenience it brings with it. UPI allows money to be transferred between multiple accounts without needing separate profiles for each transaction, making it easy for the user to transact. Another reason is that UPI…is a simple, fast, and secure way of transaction. UPI has been a major tool in driving financial inclusion,” he said.