UPI without Debit card

This article will explain everything you need to know about using UPI without debit card. UPI (Unified Payments Interface) makes it easy to transfer money between two bank accounts at the click of a button, which has made it extremely popular in India in the last year or so. However, not all Indians have access to debit cards, but with UPI on Google Pay, that doesn’t matter anymore! You’ll also learn how to sign up for Google Pay and what else it can do for you outside of transferring money!

How to set UPI Pin without Debit card

This initiative will help increase the use of the Unified Payments Interface (UPI) the most used digital payment option and to expand its acceptance across the country The government has taken the decision to eliminate the requirement to use a debit card in order to make a UPI payments ID. Customers can now sign up to UPI by using the OTP sent to their mobile number that is registered to the AADHAAR Card starting the 15th of March, 2022 from the date of.

Prior to this, only those who owned an account with a debit card were able to create the UPI ID. The benefits of UPI ID are now available to everyone who own the AADHAAR Card. AADHAAR Card, regardless of whether they don’t own an account with a debit card.

Users can avail of the benefits of UPI by connecting the Unique Identification Authority of India (UIDAI) to the National Payments Corporation of India (NPCI) via their banks.

UPI without debit card

There are millions of account owners who were not been issued debit cards and have been left out of the benefits of UPI. This move will remove the hurdle of getting a debit card for those account holders.

To sign up using UPI without the use of a debit card, you need that you use your mobile phone number that is linked to your bank account, as well as the AADHAAR Card.

The Reserve Bank of India (RBI) on Tuesday, announced the introduction of a brand new feature for transactions that allows people with feature phones can benefit from the UPI platform, which indicates an increase in the use of digital transactions within the country’s regions where the vast majority of people don’t have smartphones.

UPI without debit card
UPI without debit card

The feature is dubbed UPI123Pay. It allows payment through feature phones with no internet.

Other than debit cards. The last date for boarding UPI with Aadhaar OTP was established by NPCI until December 15, 2021. However, it is now extended until March 15 because of banks’ inexperience.

How to Use UPI Without a Debit Card

upi without debit card

To set a UPI PIN, a customer must have a debit card. He or she needs to key in the details of the debit card and receive a one-time password. Since UPI is a homegrown payment network, customers cannot use it if they do not have a debit card. But, not many people know how to use a debit card or do not have one at all. For such customers, a debit card is the best option.

iMobile Pay

Using iMobile Pay to send money to friends and family is easy and convenient. All you need is the person’s mobile number and UPI ID to receive money from your friends and family. Your recipient will then receive an SMS with the amount immediately. The UPI network and ICICI Bank security will keep your money safe. With iMobile Pay, you don’t need a debit card to send money.

UPI (Unified Payments Interface) is an online payment method that uses a virtual payment address. In other words, your phone acts like a physical card. Once you have your UPI ID, you can send money to anyone from any UPI account. With UPI, you can pay merchants online or through your digital wallet. The best part about this method is that it is free. If you can’t get your hands on a debit card, iMobile Pay can help you.

You can also use UPI to send and receive money from other bank accounts. With UPI, you can send money and receive money to anyone, anywhere in the world. Simply select a bank account and the amount you want to send or receive and then click Send. It will be processed through your bank’s UPI system. If your UPI PIN is wrong, the money will not be sent or received.

SBI Pay

SBI Pay for Upi is a new feature that makes it easy to transfer funds between bank accounts. It can be used to transfer money to other SBI account holders and make payments to merchants in your area. You can download the app from the Google Play Store or Apple App Store. You must have an account with SBI but you do not need a debit card to use this feature. You must have a mobile phone that is connected to your bank account.

To use SBI Pay for Upi without a debit card, you must have a valid mobile number. Once you enter the number, the payment will be reversed and credited to your account. If you don’t have a debit card, you will need to know the policy number and date of birth, the exact amount of premium, and the bank account number. Make sure that all the details are correct before submitting payment.

After creating an account, you will receive a chequebook via the mail. You should check the beneficiary details and confirm them before making any payments. If you are not sure whether your beneficiary details are correct, you can file a complaint from the application page. The bank will refund the balance within 7 working days. If your phone is lost or stolen, you cannot use SBI Pay for Upi without a debit card.

Google Pay

Using Google Pay or UPI without a debit card is easier than you think. All you need is an account number linked to your mobile phone, and your UPI ID, also known as your Virtual Payment Address, can do all of the work. And since the RBI recently lowered the KYC threshold to Rs 10,000, you can even link more than one bank account. Here’s how. Read on to learn how to make purchases using UPI without a debit card.

First, download the Google Pay app. Once you have it installed, you can access the profile settings. Choose your bank account. On the bank account tab, click the “Forgot UPI PIN” option. Then enter the last six digits of your debit card, its expiration date, and your new UPI pin. After you’ve done this, you’ll be able to make payments. However, you’ll need to wait 24 hours before you can make another transaction using your card.

Using Google Wallet is another way to use UPI without a debit card. It works just like Apple Pay. You can make purchases with your card and tap your phone against a contactless symbol. Once you’re done, you’ll see an option to link your other cards. You can choose which one you’d like to use to make payments. Once you’ve linked the two, you can start using Google Pay.

UPI 123Pay

UPI 123Pay is a new way to make digital payments. You will need a bank account and mobile number linked to that bank account. You can use the phone number to make a payment or to make a missed call. When you make a payment, an automated call will ask you to provide your bank account number, the amount you want to transfer, and your UPI PIN. Once you enter the correct information, your transaction will be complete.

The new system was recently introduced by the Reserve Bank of India. It allows users to make digital payments with their mobile phones without using a debit card or an internet connection. In fact, this new technology will allow up to 40 crore feature phone users to take advantage of the UPI system. Unlike traditional credit and debit cards, UPI 123Pay will be accessible on feature phones and will be available in many Indian languages.

In addition to making digital payments through mobile devices, UPI 123Pay has other benefits. It can deepen the digital ecosystem and promote financial inclusion. The RBI has undertaken more than 50 initiatives in the last year, including new guidelines for tokenization and interoperability, to help create a more seamless digital payments ecosystem for consumers in India. To use UPI 123Pay without a debit card, you will need to link your bank accounts with your mobile phone and set a UPI pin.

IVR

A new IVR payment platform, PayIVR by Payment Vision, is a great example of how an IVR can simplify bill payment. This IVR platform allows customers to enter their payment reference number – invoice #, account number, or insurance policy – and automatically sends a notification to your phone system, confirming payment in real-time. You can even restrict the use of credit cards for your customers, saving yourself from costly processing fees.

In a world where more consumers are going cashless, touch-free payment options have become essential. Contactless payment has become the norm for most businesses, and consumers want more options for mobile payment. Many companies also need alternative payment options due to increased customer activity outside of the office. Luckily, IVR without debit card solutions is here to help. These solutions enable customers to make payments from home or wherever they are, without the hassles of a traditional ATM or card machine.

IVR without a debit card is a great option for businesses looking to expand their customer base. With this solution, you can provide consumers with a convenient after-hours payment option and build revenue for your business. IVR solutions require no additional staff, so you don’t have to pay for extra staff. And you can be sure consumers will appreciate this payment option without the hassle of presenting a credit card. If you’re looking for a new revenue stream or want to cut down on your costs, IVR is a great option for you.

Missed call

If you’ve ever missed a payment, you’ve probably wondered whether you can still do it with UPI without a debit card. Now, you can. A recent initiative from the central bank has made this possible. Instead of using a credit or debit card, you can use a phone number to pay using UPI. All the merchant needs is a phone number to be listed as their merchant ID. You’ll then receive a pop-up asking you to confirm the payment.

UPI 123Pay is a system that allows feature phone users to send and receive money using a virtual payment address or UPI ID. This service is designed to simplify the payment process and remove the need for a debit card. All you need to do is call an IVR number and enter your UPI PIN. This will make it very easy for you to pay and get paid in no time.

Proximity sound-based payments

Unlike mobile wallets, which require a user to insert a card or swipe one, proximity sound-based payments allow users to use their phone as a wallet. To make payments, a user simply taps his or her phone on a device that emits sound waves. Typically, the sound waves are undetectable to humans, though some applications overlap the sound waves to indicate that they are communicating. These sound waves called ultrasonic sound waves, enable offline contactless and cashless proximity payments. Another advantage of this technology is that it is platform-independent. This means that users can make payments on various platforms including mobile and online.

Proximity sound-based payments enable offline payments. All users need to do is tap their phone to the device, known as a RetailPod, provided by the merchant. After hearing a unique tone, the user will need to enter their 6-digit UPI PIN and the amount they would like to pay. Once they’re done, they can then make other payments. Proximity sound-based payments are also compatible with feature phones.

How do I link my bank account with BHIM?

If you want to send or receive money using BHIM, your bank account has to be linked with it. For linking your bank account,

follow these steps

  1. Log in to your Unified Payments Interface (UPI) app and click on the ‘Link Bank Account’ option;
  2. Select your bank from a list of banks that are supported by UPI;
  3. Enter all details correctly and click on the ‘Submit’ button;
  4. Now verify OTP (one-time-password).

After successful verification, enter OTP again for confirmation. Your bank account is now successfully linked with UPI. To check if your bank account is successfully linked, try sending or receiving money through the UPI app.

You can also dial *99# and select any bank name listed under the ‘Bank accounts linked with UPI’ section. Once your bank account is successfully linked, you will get an SMS notification regarding the same. You can change your registered mobile number anytime by logging into the UPI app and clicking on the Edit Profile option. From there, select the ‘Change Registered Mobile Number’ link which will open up a new page where you have to enter your current registered mobile number along with the new one.

What are the transaction limits on BHIM?

If you’re trying to send money, or pay someone digitally, on Paytm or BHIM, there is a transaction limit per day. For Paytm, it’s Rs 20,000 in 24 hours and for BHIM it’s Rs 25,000 per day. You can only withdraw up to Rs 10 lakh from your bank account in a month if your KYC details are submitted.

Besides, there are other factors that determine how much money you can transfer on BHIM or Paytm in a day. For instance, limits also vary according to whether your bank account is linked with your Aadhaar card. If not, it will be limited to Rs 10,000 per month and Rs 20,000 per month if it is verified by submitting Aadhaar details. However, these transaction limits can still increase in the future as NPCI keeps looking for ways to ensure financial transactions stay secure and authentic.

How can I fund my BHIM wallet?

A BHIM account, which can be created using your mobile number and is linked with an Aadhaar card number, does not require any sort of bank details or even a debit card. Linking it with your bank account will let you transfer money from that account into your BHIM wallet. However,

if you do not have a bank account, there are no other ways to fund your BHIM wallet. You can only use it for receiving payments. If you want to send money through BHIM, then you must link your bank account with your BHIM app.

What happens if I lose my mobile phone?

It’s possible to use an OTP sent via SMS for most transactions, but it does present challenges. For instance, if you’re transferring money between your bank account and your Paytm wallet (or vice versa), then how do you prove that it’s your money?

It could easily be someone else’s funds in your Paytm account. Similarly, if you lose your phone or SIM card, how will you access any of your accounts? Without a backup phone number or email address linked to your Paytm account, there’s no way to reset your password or regain access.

Can I use the same BHIM wallet for other purposes like DTH recharge, bill payments, etc.?
Yes, BHIM-UPI can be used for all mobile recharges, bill payments, and shopping. You can send or receive money instantly or set up standing orders. But unlike e-wallets, you cannot use your BHIM-UPI for buying goods from e-commerce sites such as Flipkart, etc.

At present, only bank accounts are linked with BHIM-UPI. However, wallets will soon also be integrated with it through IMPS (Immediate Payment Service). So if you have an account with any of these banks — Axis Bank, HDFC Bank, ICICI Bank, or State Bank of India — you will soon be able to link your wallet too. This will allow users to transfer funds between their bank accounts and wallets seamlessly.

Is there any cashback available for using BHIM?

There is absolutely no cashback available for using BHIM. The only way you can earn money from BHIM is by depositing your old currency into your bank account. You are still eligible for a 50 percent discount on petrol, LPG, and railway tickets. In addition,

if your bank offers it, there will be free ATM withdrawals as well as free POS transactions. For instance, ICICI Bank provides these benefits to all its customers regardless of whether they use BHIM or not.

What are some of the innovative uses of this platform?

One of its most innovative use cases so far has been for banking and remittance solutions. For example, banks in India can open a separate payment bank account for customers and link it to their main bank accounts. The customer can then transfer money from his main account directly into his payment bank account using BHIM.

He can also transfer money using QR codes or text messages. These transactions are free of charge, as they take place within one bank. This is an excellent solution for people who do not have access to traditional banking services because they live in rural areas or because they do not have enough money to open a standard bank account.

These people will now be able to receive payments more easily via BHIM, which could help them access credit more easily and grow their businesses.

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