Back to News

BHIM UPI 2.0 Launched: These are the New Features

August 28, 2018

BHIM UPI 2.0 Launched: These are the New Features

The updated version of UPI i.e., UPI 2.0 was launched by the government recently to make it safer and more attractive. 

The following are some of its key features:

●      One-time mandate:  Users can now schedule payments. So, the authorization can be done in advance but the money is transferred on the date set by the user.
●      Overdraft facility: Users can now link their overdraft accounts with UPI apart from their savings account and current account. 
●      Signed intent and QR: Users can now verify the credentials of merchants via QR codes. 
●      Invoice in the box: Users will now receive invoices in their inbox for payments made via the UPI channel.

Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY

Consult a Career Advisor

Fill up the form to get in touch with us.

Recent Posts
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
March 29, 2019
Transaction Monitoring Market to Grow 200% by 2023, Says Report
March 29, 2019
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
March 29, 2019

Recommended for you ...

Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary
Subsidies to Indian Farmers Much Lower in Contrast to Western Countries, Says Commerce Secretary

March 29, 2019

Transaction Monitoring Market to Grow 200% by 2023, Says Report
Transaction Monitoring Market to Grow 200% by 2023, Says Report

March 29, 2019

90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years
90% CAGR Growth Expected in Blockchain IoT Market, Could Reach 3,000 mn USD in 5 Years

March 29, 2019

Chat on WhatsApp