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PNB announces UPI payments with IVR-based technology 'UPI 123PAY'

This offering aligns with the Digital Payment Vision 2025, propelling the nation towards a cashless and cardless society, PNB said

Punjab National bank
UPI has revolutionised the way transactions are conducted in India, providing customers with a seamless, secure, and real-time payment experience, PNB said
Press Trust of India New Delhi
1 min read Last Updated : Jul 04 2023 | 10:12 PM IST

State-owned Punjab National Bank (PNB) on Tuesday announced the launch of UPI 123PAY, an IVR-based UPI solution.

This offering aligns with the Digital Payment Vision 2025, propelling the nation towards a cashless and cardless society, PNB said in a statement.

The Unified Payments Interface (UPI) has revolutionised the way transactions are conducted in India, providing customers with a seamless, secure, and real-time payment experience, it said.

However, until now, UPI services were primarily accessible through smartphones or Unstructured Supplementary Service Data (USSD), reliant on robust internet connectivity, it said.

This limitation hindered access to UPI for users without smartphones or residing in low internet connectivity zones, it added.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Punjab National BankUPIdigital transactions

First Published: Jul 04 2023 | 10:12 PM IST

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