IDFC Bank – Please enable Credit Card acceptance via UPI

Not sure as to where the fault is, but 100 % sure not the NPCI RuPay card issuer bank i.e Kotak Mahindra Bank.

         Today evening went to Pooja Jewellers, Uttharalli, Bangalore 560 061, just 100 metres from IDFC Bank, Uttharalli Branch.

After shopping, the owner enquired Card or UPI. Proudly mentioned UPI and logged into Supr.Money, scanned the QR Code on the IDFC Bank UPI QR Code machine.  

         Received a successful SMS from my card issuer.

         In the Supr.Money APP  the transaction status was still in  processing

         After few seconds to my horror, the payment status got updated to FAILED.

         Hopefully this post will reach the respective IDFC Bank Team and issue will be resolved by this month end.

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.

 

 

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.

Read more about Credit Card payment via UPI App

01)Credit Card Spendings Via UPI Platform Touch New High –Check List Of Banks Offering Facility @ https://zeenews.india.com/personal-finance/credit-card-spendings-via-upi-platform-touch-new-high-check-list-of-banks-offering-facility-2775042.html

 

02)                NPCI records nearly ₹10,000 crore credit disbursed through UPI every month @ https://www.livemint.com/news/india/npci-records-nearly-rs-10-000-crore-credit-disbursed-through-upi-every-month-11722957780027.html

 

Know more  about   Super.Money @ https://prashantnepayments.blogspot.com/2024/06/supermoney-kudos-to-real-time.html

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.

 

 

Should IDFC Bank advice ePayLater to integrate BBPS into it’s platform?

          In August 2017, ePayLater announced a tie-up with IRCTC to boost its lending portfolio. Thought the tie-up IRCTC registered users could create a profile on ePayLater and use the ePayLater credit line to book tickets via IRCTC.

          The main advantage of the ePayLater facility was the time saved in bypassing the payment gateway, thereby enhancing the payment success rate.

          The 3.50% service charge was a drawback however the users need not pay the payment gateway service charges.

          Based on the repayment cycle of IRCTC users of ePayLater credit line, the   users credit line would be increased or decreased. An enhanced credit line, would be beneficial for ePayLater users to transact on other partner platforms.

          Now, IDFC and ePayLater have announced a partnership to harness the benefits of UPI to ramp up volumes.

          Through the UPI channel, ePayLater looks forward to offer its services to the whole bank accountholders irrespective of whether the merchant is on ePayLater platform or not.

          In simple words, through UPI channel, the individual merchants need not be part of the ePayLater platform to offer ePayLater facilities to its buyers.

          It is sufficient if the merchant has a UPI handle to accept through UPI channel. Nothing more, nothing less.

          This innovative offering opens a new path for IDFC and ePayLater to acquire new customers

          As of now, this is the message displayed on ePayLater website

          So, we have to wait for the actual process flow.

          Benefits of ePayLater integrating BBPS on its platform

          Benefit 01) The bills are directly fetched from the BBPS channel into the ePayLater platform.

Benefit 02) ePayLater users can settle the Bill Amount on the due date and avail the 14 days free credit line.

Benefit 03) It offers ePayLater users to transact more often and enhance their credit line.

Of course, BBPS Service Charges would have to be borne by ePayLater only.