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Showing posts with label BHIM. Show all posts
Showing posts with label BHIM. Show all posts

Thursday, August 29, 2024

NPCI BHIM unveils the Magic of UPI Circle. Are you ready?

UPI Circle Unveiled: The Magic of Delegated Payments Without the Hassle

         NPCI BHIM has official announced the launch of ‘UPI Cirlce’, on its website.

         Read more @ https://www.bhimupi.org.in/upi-circle



         Read about the UPI Circle product overview @ https://www.npci.org.in/what-we-do/upi-circle/product-overview

         Read the FAQs @ https://www.npci.org.in/what-we-do/upi-circle/faqs

         Yes, you have to  wait a bit longer, before you can experience in real life.

         Well, the wait may be up to couple of weeks.

         As per news reports, there was a demonstration of UPI Circle at the ongoing Global Fintech Festival 2024 (GFF24)

         See the marketing video of UPI Circle @ https://www.youtube.com/watch?v=guix7SvVVjA

         Yes, in the interim decide all whom you wish to include in your  UPI Circle

         Yes, in the initial days, there will be maximum transaction limits.

         Yes, this is a very unique feature, could be World’s first.

         No, UPI Lite payment cannot be delegated.

         So, get set ready to experience the Magic of UPI Circle

 

The Magic of UPI Circle Goes Live: Revolutionizing Shared Finances with Ease

 

I am advocating for World Safe ePay Day.

The final goal of all my Blog Posts and social media interactions is to have a Day declared as World Safe ePay Day.

Step into the Magic of UPI Circle: Where Digital Payments Meet Real-Life Convenience

Disclaimer: These are my thoughts only. The only Bliss is promoting the Joy of Safe ePayments. World Safe ePay Day  is a medium to experience the Joy of Safe ePayments.

Copyrights, rest with the original copyright holders only.

 

Sunday, May 5, 2024

Unlocking the Magic of Notifications with BHIM UPI


Stay in the Loop: The Power of Notifications in BHIM UPI

In the bustling world of digital transactions, convenience is key. And at the forefront of India's digital payment revolution stands BHIM (Bharat Interface for Money) UPI app, powered by the National Payments Corporation of India (NPCI).

Since its inception in December 2016, BHIM has been empowering users to conduct seamless, cashless transactions with ease.

 


Recently, I made the decision to return to BHIM for my day-to-day UPI transactions, and I must say, the experience has been nothing short of magical. One particular aspect that has truly caught my attention is the app's notification system. Allow me to delve into the marvels of notifications within the BHIM UPI ecosystem.

 

At the heart of BHIM's notification system lies its ability to keep users informed every step of the way.

Whether I'm sending money, receiving funds, or simply checking my transaction history, BHIM ensures that I'm always in the loop. Let's take a closer look at how this works.

Informed Every Step of the Way: BHIM UPI's Notification Magic

One of my preferred UPI channels within BHIM is UPI Lite, offering a hassle-free transaction experience.

With UPI Lite, there's no need for cumbersome UPI PINs; a simple app login password suffices. What's more, the current transaction limit of INR 500 makes it perfect for everyday transactions, ensuring flexibility and convenience.

 

What truly sets BHIM apart is its comprehensive notification system. Each time I initiate a payment through the app, a notification promptly lands on my device, providing all the essential details.

From the transaction amount to the beneficiary's name and UPI VPA (Virtual Payment Address), BHIM leaves no stone unturned in keeping me informed. The inclusion of a date stamp further enhances the transparency of the process, ensuring clarity at every turn.

 

However, while BHIM's notifications are undoubtedly informative, there's always room for improvement. One area that could benefit from refinement is the terminology used within the notifications.

It would be incredibly beneficial if terms like 'UPI Lite Wallet' were incorporated, providing a clearer understanding of the transaction flow. After all, clarity breeds confidence, and ensuring users fully grasp the intricacies of their transactions should be a top priority.

Unlocking Transparency: BHIM UPI's Notification-Centric Approach

Moving forward, I'm hopeful that BHIM will continue to evolve its notification system, incorporating user feedback to refine the user experience further. After all, in the realm of digital payments, customer satisfaction is paramount.

 

Reflecting on my experience with BHIM, I can't help but wonder if other UPI platforms offer similar notification functionalities. While BHIM has undoubtedly set the bar high, competition breeds innovation, and I'm eager to see how other platforms stack up in this regard. Ultimately, it's all about enhancing the user experience and driving customer delight.

 

As I continue to leverage the myriad features of BHIM, from sending money to requesting payments and scanning QR codes, I'm reminded of the app's versatility and convenience.

Whether I'm managing my bank accounts, toggling between multiple accounts, or exploring the app's language options, BHIM never fails to impress.

 

In conclusion, BHIM UPI's notification system stands as a testament to the app's commitment to transparency, efficiency, and user satisfaction.

As the digital payment landscape continues to evolve, BHIM remains a beacon of innovation, empowering millions of users across India to embrace the cashless revolution.

 

So, if you haven't already, why not join the millions of satisfied BHIM users and experience the magic of notifications for yourself? After all, in a world where convenience is king, BHIM UPI reigns supreme.

 

*Note: BHIM app is available for download on both Android (version 5.0 and above) and iOS (version 13.4 and above) devices.*

 

BHIM App Download Statistics (as of March 31, 2024):

- Android: 242.60 million installs

- iOS: 7.47 million installs

 

*Note: Installation count includes instances where the BHIM app was installed on devices previously.*

 

Disclaimer: These are my personal thoughts only. The bottom line is Spreading the Joy of Safe ePayments.

 

Safe and Stylish: Unveiling World SafeePay and Blouse Day Delights

 

The need for observing World SafeePay Day and World Blouse Day arises from the absence of dedicated global celebrations for these concepts.

World SafeePay Day aims to celebrate the joy of safe electronic payments in all financial transactions, representing an abstract celebration that highlights the significance of secure and efficient digital financial interactions.

As the world increasingly relies on electronic payment systems, having a designated day for SafeePay emphasizes the importance of secure and reliable digital financial transactions.

 

On the other hand, World Blouse Day seeks to celebrate the joys of wearing blouses in a more lively and visually impactful manner.

The concept involves a powerful display of togetherness, with millions of people stepping out wearing blouses based on a chosen theme.

This display celebration not only promotes a sense of unity but also serves as a unique and creative expression of shared identity through clothing.

 

The introduction of these days aligns with the United Nations' approach to designating specific days to raise awareness, promote action, and celebrate achievements related to various global issues.

While international days often focus on serious matters, World SafeePay Day and World Blouse Day offer a mix of abstract and lively celebrations, catering to the diverse interests and aspects of modern life.

In a world where electronic transactions and cultural expressions are integral parts of daily living, these designated days would contribute to fostering awareness and appreciation for safe ePayments and the joy of wearing blouses.

 

 

SafeePay's joy, transactions secure,

World Blouse Day, colors allure.

Digits dance, a digital delight,

Blouse themes bloom, in unity's light.

 

Tuesday, August 16, 2022

Chennai Metro Tickets – Please onboard NPCI UPI BHIM

Chennai Metro Tickets – Please onboard NPCI UPI BHIM

          The major inspiration for this post is Prime Minister Shri Narendra Modi highlighting ‘NPCI UPI BHIM’, in his Independence Day speech to the world.



The minor inspiration for this post is the Chennai Metro Press Release dt 03/08/2022, under the tag line of “No more Q, only QR”

          The complete press release can be read @ https://chennaimetrorail.org/wp-content/uploads/2022/08/Press-Release-03.08.2022-English.pdf

          A metro train journey starts with the visitor purchasing a ticket for the metro journey.

          More than 50,00,000/- passengers travelled on Chennai Metro in July 2022. This means 50lacs + folks had to buy tickets via the single travel mode or Smart Card to travel in the Chennai Metro.

          Chennai Metro is taking various steps to reduce the rush at its ticket counters. The visitors have multiple channels to book tickets for travel on the Chennai Metro both physical and digital.

          Somehow the preference is towards the physical tickets only. Physical tickets put a stress both on the visitors and the ticketing staff.

          A new option i.e “No more Q, only QR” has also been introduced by Chennai Metro to enhance the customer experience.

          This is particularly useful for visitors having mobile net connectivity but have not downloaded the Chennai Metro App.

          To further enhance the customer experience, Chennai Metro can explore tie-ups with NPCI UPI BHIM.

          It can take the lead for a Ticketing Module on the NPCI UPI BHIM. A similar payment channel for few other Metros is already live on PhonePe. So, a new development from scratch is not required. Only few tweaks may be required to operationalise the ticketing facility on NPCI UPI BHIM.

          The smart cards are beneficial to frequent travellers on the metro route. This are not suitable for visitors for Chennai wishing to explore Chennai via its wonderful Metro.

          The ‘Tap a Debit Card’, feature is yet to take off, as there are very few cards enabled with the NCMC facility.



          The following benefits are foreseen with Chennai Metro onboarding NPCI UPI BHIM :-

Benefit 01) Minimal technical integration required between the BHIM and Chennai Metro Ticketing systems. Under the “No more Q, only QR” mode, the passengers need to have net connectivity on their phones to complete the ticketing process. This means customers can also login to NPCI UPI BHIM to complete the ticketing experience.

Benefit 02) Volumes will increase on the BHIM platform. The Chennai Metro travellers may prefer to do their other UPI transactions via BHIM, once they are comfortable with the metro ticketing experience.

Benefit 03) A small addition to the overall UPI volumes. The ticket size of Chennai Metro is below INR100/-. Hence, the preferred payment option will be UPI over other modes viz net banking / credit card / debit card

Benefit 04) The travel card recharge option can also be part of the proposed BHIM Chennai Ticket Module. Other modules, like tourist cards can also be explored. The Chennai Metro parking charges for 2 and 4 wheelers can also be collected through the ‘BHIM Chennai Ticket Module’.

 

Challenges: Minimal challenges as NPCI UPI BHIM is backed by Banks and Governments.

The QR ticket so generated can automatically be downloaded into the Mobile used for ticket booking.

In case, the metro ticket is being booked for other folks, the metro ticket can be shared via WhatsApp.

Any security features for a seamless experience can be built into the Ticket interface module.

 

Additional Reading:

Chennai Metro Parking Tariff @ https://chennaimetrorail.org/wp-content/uploads/2022/06/Parking-tariff-Updated.pdf

 

Rewarded with gifts will be given to ticketing staff who sell the most number of Metro travel cards at Chennai Metro Rail stations @

https://chennaimetrorail.org/wp-content/uploads/2022/08/Press-Release-30.07.2022-English.pdf

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing More – Nothing Less.

Copyrights belong to the original owner only. 

 


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