With a monthly volume of over 800 million UPI (Unified Payments Interface) Transactions, it’s a buzzword now. Now with the world revolving around cashless transactions, UPI is inevitable. As of March 2019, there were 142 banks live on UPI. Today there are lot of UPI Apps available in the market with a benefit of linking more than one bank account. Money requests and sending can happen in a variety of ways. For example, in Google Pay, you get a range of options like Mobile Number, Bill Payments, Mobile Recharge, Bank Transfer, UPI ID or QR Code and Self Transfer.
Having one of the trending is handy as you don’t have to hassle for cash withdrawals and carrying money in your wallet. Some of the trending apps are:
- Google Pay
- Phone Pe
- Paytm
- Freecharge
Now for the merchants, there are very few apps which can help them run their business smoothly. An emerging UPI app has been launched by PayMonk, one of the fastest growing Fintech Company in India. It has a great retail network. Anyone can setup his/her own business by becoming a merchant. This UPI app has great benefits with no initial start-up cost. It is very user friendly and can do wonders.
Also, PayMonk recently launched the lending platform for getting a personal loan. PayMonk is one of the best Fintech Company to rely on. It is one of the leading provider in the field of digital financial transaction platform to its customers in India, Europe, North America and Africa. PayMonk is backed up by experienced professionals from leading Global IT companies.
About PayMonk
With more than 100 man years of leadership experience across geographies and deep domain knowledge in focused industries such as Financial Services, Banking, Insurance, and Government, PayMonk offers valuable products to clients; enabling them to achieve superior financial outcomes through next generation and flexible technology platforms, mature processes and deep strategic thinking.
For more info: https://paymonk.com/upi.html
