UPI 2.0 Launched With New And Smart Features

UPI 2.0 Talkwidtech

After all the legal issues now finally the upgraded version of UPI(Unified Payments Interface), UPI 2.0 released. National Payments Corp of India launched UPI 2.0 with new features which makes it more impressive and useful. At present BHIM UPI is one of the most usable mode of payment in India and to make it more effective the changes are really important, and that’s also a reason of this new version UPI 2.0. So very first it’s important to know what exactly UPI mean.


The Unified Payments Interface (UPI) is the easiest payment mode in India. With UPI You can transfer amount to direct receiver’s bank from your account and all you need is a Mobile no. Which linked with his bank account. UPI services launched in April 2016 and after passing all the rumours and arguments it is become one of the most easiest and trusted payment mode of India. The National Payments Corporation of India(NPCI) is the managing authority of UPI.l services. All the leading banks of India are working with UPI system. And because of directly bank to bank transaction it is the first choice of , merchants, and normal people.

UPI 2.0 is the next version of UPI and it launched on Thursday by The National Payments Corporation of India(NPCI). NPCI also share the list of banks which are members of UPI 2.0 this time and there names are State Bank of India, HDFC Bank, Axis Bank, ICICI Bank, IDBI Bank, RBL Bank, YES Bank, Kotak Mahindra Bank, IndusInd Bank, Federal Bank and HSBC. There are some new and upgraded feature released with UPI 2.0 and here we are sharing some of them.UPI 2.0 Talkwidtech

1. Link Overdraft Account

In previous version we can use only saving and current account for payments but with UPI 2.0 now we can also add the overdraft account for making payments. So overall we have three options for payment in UPI 2.0.

2. Signed intent and QR 

Signed intent and QR is a smart feature of UPI 2.0 and with help of this feature customer can check the authenticity of merchant by only scan the QR code. So when customer scan the QR code the app will automatically show that the merchant is verified or not for taking payments via UPI and that’s makes your transaction secure.

3. Invoice In The Inbox

In UPI 2.0 there is a new feature added called Invoice in the inbox and with the help of this, customer will get the invoice before the payment and after verifying all details customer can payment.

4. One Time Mandate 

With the help of One time mandate feature customer can Authorize a payment prior and it will deducte later. Means customer pre-approve the payment for a perticular date and when the fix date comes the payment deducted automatically by customer’s account. So it makes the credit promises secure. Merchant or individual both of them can use this feature.

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So these are the features of UPI 2.0 and NPCI believes that these features make all the transaction easier and smoother. So enjoy the new experience of payment with UPI 2.0 and send us your reviews and suggestions about it.


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