UPI 123Pay: Digital payments are all the rage these days. From cities to small towns, people are sending money, paying bills, and making purchases using their mobile phones. But what about the millions of people who still use feature phones or aren’t as comfortable with the internet? For them, Indian Overseas Bank (IOB) has taken a major step. Now, even without a smartphone or internet, you can make payments using UPI with just a missed call and a voice command.

What is the UPI 123Pay system?

UPI 123Pay is an initiative of the Reserve Bank of India (RBI) that allows UPI transactions to be made on feature phones. It’s a system that allows feature phone users to make digital payments. You only need two things: your mobile number linked to your bank account and a feature phone that can make calls. Simply call and send and receive money, or check your balance without internet.

How to use it?

• UPI 123Pay is very easy to use. Simply call 08045163666 from your phone.
  Then select your language.
• Then link your bank account (for first-time users).
• After this, you can choose options like “Send Money” or “Check Balance.”
• Enter your mobile number, UPI ID, or bank details to send money.
• Enter the amount.
• Complete the transaction by entering the UPI PIN.
• Enter the call after receiving the confirmation message.
• No internet connection or app is required. Everything is done through a voice call.

The key feature of UPI 123Pay
The biggest advantage of this system is that it works without internet, reducing the risk of cyber fraud.

It is available in 12 Indian languages ​​and also offers balance checks, past transactions, and UPI PIN management.

IOB and NPST Partnership
Now, Indian Overseas Bank (IOB) is preparing to bring this system to its customers. The bank has partnered with Network People Services Technologies Limited (NPST), which will implement it in collaboration with MissCallPay.

Approximately 850 million people in India still do not use UPI, of which approximately 400 million are feature phone users. This initiative will pave the way for connecting them to the digital payment system.

NPST’s Vision
NPST Chairman Deepak Chand Thakur said, “Voice-based UPI is a step that will connect people from all walks of life in India to the digital economy.” He added that in the future, this system will be integrated with platforms like Alexa and Google Assistant to make payments even easier.

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For this you only need internet. But do you know that even if your phone does not have an internet connection or you have a feature phone, you can easily transfer money to someone through UPI.

Recently, private sector HDFC Bank has launched 3 digital products connected to UPI. These are UPI 123Pay: Payment through IVR, UPI plug-in service for merchant transactions and Autopay on QR code.

UPI 123Pay: Payment via IVR

With UPI 123Pay, anyone can easily make UPI payments by just making a phone call, even if they do not have internet or smartphone. Customers can easily book and pay for services through Interactive Voice Response i.e. IVR.

UPI Plug-In Service for Merchant Transactions

UPI Plug-In Service makes it easy to make payments through UPI. You will not need to switch between different apps while shopping.

AutoPay on QR codes

AutoPay on QR lets you easily set up automatic payments using UPI QR codes. This is useful to make automatic payments for streaming services, subscriptions etc. without having to make manual payments every time.

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IVR based UPI service UPI123PAY has been launched by public sector Punjab National Bank. These services have been done under the goal of creating a cashless and cardless society by 2025, the vision of digital payments of the country. This was said in a statement issued by Punjab National Bank.

IVR based UPI 123PAY is a very advanced type of digital system in which you do not need to have internet access to make payments. Just one can easily do fast transactions without internet or in areas with low internet connectivity. With its help, UPI transactions can be done without internet even from phones with keypads.

UPI 123PAY has been created by NPCI to take UPI to rural areas . Through this, even a user having a feature phone can easily do digital transactions. According to an estimate, even today there are more than 400 million feature phone users in the country, who are not using smartphones.

To make UPI 123PAY accessible to as many people as possible, it has been launched in multiple Indian languages, so that anyone can understand it easily.

When did UPI start?

UPI was started in 2016. With the help of this one can easily transact without any delay in a jiffy. For this reason, it has become very popular in the last few years from villages to cities.

According to NPCI data, a total of 9.33 billion transactions were done through UPI in June, in which transactions of about Rs 14.75 lakh crore were done.

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