Introducing Mobikwik’s Pocket UPI: Simplify Digital Payments
Introduction
In a move to compete with industry leader Paytm, Mobikwik has recently announced the launch of Pocket UPI. This new service aims to simplify digital payments for users across India. In this blog post, we will delve into what Pocket UPI is, how it works, and the steps you can take to get started.
What is Pocket UPI?
Pocket UPI stands for Unified Payments Interface, which is a real-time payment system that enables users to instantly transfer money between bank accounts using just their mobile phones. With Pocket UPI, users can link multiple bank accounts to a single app and make seamless transactions without the need for credit/debit cards or net banking.
How It Works
Using Pocket UPI is simple and convenient. Users need to download the Mobikwik app from the Play Store or App Store and create an account. Once logged in, they can link their bank accounts by providing their account details and setting a UPI pin. To make a payment, users simply enter the recipient’s UPI ID or scan a QR code and enter the amount to be transferred. The transaction is completed instantly, making it a hassle-free experience for users.
Steps to Get Started with Pocket UPI
Getting started with Pocket UPI is quick and easy. Here are the steps you need to follow:
- Download the Mobikwik app: Visit the Play Store or App Store and search for “Mobikwik.” Download and install the app on your device.
- Create an account: Open the app and follow the on-screen instructions to create an account. You will need to provide your mobile number and verify it using OTP.
- Add bank accounts: Go to the Profile section in the app and click on “Add Bank Account.” Follow the prompts to add your bank account details securely.
- Set up a UPI pin: Once your bank account is linked, you will be prompted to set up a 4-6 digit PIN for security purposes.
- Start transacting: You are now ready to start making payments using Pocket UPI! Simply select the option for “UPI Payments” in the app’s menu, enter the recipient’s details, and complete the transaction.
In Conclusion
Pocket UPI by Mobikwik offers a convenient way for users in India to make digital payments effortlessly. With its user-friendly interface and instant transactions, it is poised to become a popular choice among consumers looking for an alternative to traditional payment methods. By following these simple steps, you can quickly get started with Pocket UPI and enjoy seamless transactions at your fingertips.
