Insta
SBI Pay: India’s Largest Bank Goes Live On UPI Platform With Its Android App
SBI’s UPI enabled app, SBI Pay. (Photo by Srikanth Ramakrishnan)
State Bank Of India (SBI), India’s biggest bank, today announced its arrival on the United Payments Interface (UPI) platform with the launch of its android app, SBI Pay.
“With the current demonetisation drive of the government and the push towards digital or cashless payments, SBI Pay is expected to be a game changer in the digital payment ecosystem as the bank has the largest customer base in the country,” Livemint quoted SBI chairperson Arundhati Bhattacharya saying.
SBI is slightly late to the platform. Some 30 banks have now enabled UPI on their own apps, most of which are available on the Google Playstore; the iOS (Apple) versions will come later. Most of the banks have now started accepting payments through UPI. Just a couple of days back, India’s most valuable bank, HDFC, also joined the UPI bandwagon. The arrival of SBI and HDFC will certainly prove helpful in pushing the country towards a cashless economy.
You can download the SBI Pay android app here.
Introducing ElectionsHQ + 50 Ground Reports Project
The 2024 elections might seem easy to guess, but there are some important questions that shouldn't be missed.
Do freebies still sway voters? Do people prioritise infrastructure when voting? How will Punjab vote?
The answers to these questions provide great insights into where we, as a country, are headed in the years to come.
Swarajya is starting a project with an aim to do 50 solid ground stories and a smart commentary service on WhatsApp, a one-of-a-kind. We'd love your support during this election season.
Click below to contribute.
Latest
