Over the past few years, digital payments have become a regular part of everyone’s lives. Whether it is paying a shopkeeper, settling water, gas and electricity bills, or even recharging phones, people are ditching the traditional way of carrying cash everywhere and preferring this quick and convenient payment method. By allowing users to transfer money directly from their accounts, UPI apps have made lives much easier.
Using a designated platform helps to bring payment activities together in one dashboard. Without relying on cash or continuously entering banking information, users are allowed to send money, pay merchants, check the details, and even manage their daily transactions.
Here are some useful UPI features that can make everyday payments easier.
1. Scan and Pay Through QR Codes
One of the most useful and convenient features is QR payments. With the help of a UPI app, you can scan the QR code of a merchant, enter the amount and make the payment. This helps to prevent carrying cash everywhere and the risk of losing cards, and is useful at shops, restaurants, and other providers who accept UPI payments.
2. Send Money to Contacts
Transfer money to your family and friends in your contacts without having the need to handle cash. Choose the saved contact, enter the payment amount, and complete the transaction without any hassle. This feature makes your everyday transfers much easier between family and friends.
3. Pay Directly to a UPI ID
Other than adding a mobile number, you can make payments using the recipient’s UPI ID via the UPI app. This becomes helpful when the mobile number or QR code is not available. However, make sure to double-check all the information, including the amount displayed on the screen, before making the payment.
4. Transfer Money to a Bank Account
UPI allows users to make payments to anyone’s bank account using the platform. This is useful when sending money to someone who has shared their payment details. Carefully checking the recipient’s information before authorising the transaction can help prevent mistakes.
5. Check Bank Account Balance
It becomes time-consuming to check the banking application to assess the available bank balance. There are several UPI apps that provide a convenient way to check the balance of the linked bank account. When you know the available bank balance helps to manage your finances without any failed payments.
6. View Payment History
Tracking all the transactions helps to manage your personal finances. Get access to payment history and review previous transactions seamlessly. You can check whether the payment was completed and know if there are any unfamiliar transactions as well.
7. Pay Utility Bills
By offering payment of different household bills in one interface, it helps save much of time. Using a UPI app, you can pay for your electricity, gas, credit cards, loan repayments, DTH, FASTag, and even recharge your mobile phone from the convenience of your home.
8. Multiple Bank Linking
Not just one, but you can link multiple bank accounts to one platform and eliminate the hassle of switching to multiple applications. Manage and switch between different accounts with just a single application.
9. Use UPI Lite for Convenient Small Payments
Subject to applicable limits and availability, UPI Lite is designed to make everyday small-value transactions. For users who are required to make small purchases, this feature offers an additional payment option.
10. UPI Circle
You can create a UPI circle in your UPI app, where you can set a monthly spending limit for your users and where you don’t have to share the UPI PIN. This helps students who live in hostels or PGs for further studies.
Conclusion
UPI has transformed everyday transactions, making payments faster and more accessible. A UPI app brings a range of useful features together in one place, including QR payments, money transfers, balance checks, bill payments, and mobile recharges.
Bajaj Pay UPI and UPI Lite offer features designed for convenient everyday digital payments. Users can scan QR codes, pay contacts, transfer money to a bank account or UPI ID, check balances and view payment history.
The platform also supports payments for gas, electricity, credit card bills, loan repayments, DTH and FASTag, along with mobile recharges. This allows users to manage several routine payment requirements through a convenient digital platform.
