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DCB Bank launches UPI app

DCB Bank launched its Unified Payment Interface app, aimed at enhancing banking experience for customers. The app dispenses with the need to swipe debit or credit cards while making payments at merchant outlets by creating a virtual payment address for customers, which in turn serves as an identifier for enabling transactions. Murali Natrajan, MD and CEO of the bank, said in the coming months, UPI is likely to create a significant change in the way transactions are done, especially peer-to-peer transactions. A very important and powerful feature of UPI is the ability to send a ‘collect’ request, which did not exist in the industry, he added.

1 Comment

  1. sonal deo

    March 8, 2017at12:34 pm

    Thanks for sharing such great information. It has help me in finding out more detail about Upi App Bank

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