Standard Chartered Bank launched ‘Unified Payments Interface’ (UPI) Solution

Posted on:11 Nov 2016 09:24:03
Standard Chartered Bank launched ‘Unified Payments Interface’ (UPI) Solution
11 November 2016 Current Affairs: Standard Chartered Bank has launched ‘Unified Payments Interface’ (UPI)solution for its corporate and financial institutional, and commercial banking clients.

This will enable clients to send and receive money using a Virtual Payment Address without entering additional bank account details. 

The bank said UPI allows real time ‘push and pull’ of funds, thus providing companies with a collections mechanism that can be used in multiple industries to ease the payment process for end customers. Instead of just sending payment reminders, companies can now collect funds by sending a ‘pull’ request which the end customer can authorise on his smart phone using a UPI app.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs April 2018

24 APRIL
NEWS
23 APRIL
NEWS
22 APRIL
NEWS
21 APRIL
NEWS

Current Affairs March 2018

31 MARCH
NEWS
30 MARCH
NEWS
29 MARCH
NEWS
28 MARCH
NEWS

Current Affairs February 2018

28 FEBRUARY
NEWS
27 FEBRUARY
NEWS
26 FEBRUARY
NEWS
25 FEBRUARY
NEWS