31 August 2016 Current Affairs: Canara Bank has launched Bank launched Unified Payment Interface (UPI) App named ‘empower’.
This App works on customer-centric digital initiative which enables ‘any Bank customers to link and operate their various Bank accounts using a single app’.
Unified Payment Interface (UPI) App : The app facilitates the bank customers to create a virtual payment address to Pay and Collect Money from anyone without disclosing their account related information, link their bank accounts across banks in a single app, transfer funds using mobile number, account number and IFSC and Adhaar number, know their account balance, register for mobile banking on-the-fly within the app itself, generate MPIN, view recent transactions, etc.
Non-Canara Bank customers can also use this application to link accounts held in other banks and use it for a host of financial and non-financial services.
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