UPI Payment: The world is moving rapidly towards digitalization. As the world is progressing, the ways of working are changing. Now look at the method of payment itself, earlier people carried cash with them because this was the only means of transaction. Now times have changed, now payment is done instantly with just one click on the phone. People still keep cash, but UPI (Unified Payment Interface) is being used more now.

UPI payment without internet

However, being based on internet access, sometimes it becomes difficult to make online payment due to poor network, lack of mobile data or using a basic phone. To solve this problem, National Payments Corporation of India has started UPI payment offline through USSD-based service. This option works without internet and has simple text menus that anyone can follow. By simply dialing a short code from your registered mobile number, you can send money even in low network areas.

What is offline UPI payment?

Offline UPI payment is a feature that allows users to conduct UPI transactions without any internet access or WiFi. It works through a USSD service, which can be accessed by dialing *99# from any mobile number linked to the bank account. To start using offline UPI payment, you have to activate it on your registered mobile number. For this follow these steps-

• First of all dial *99# from your phone.
• Select your preferred language.
• Enter the IFSC code of your bank.
• Select the bank account you want to link.
• Enter the last six digits of your debit card.
• Enter debit card expiry date.
• After verification, offline UPI payment will be enabled.
• Once activated, you can use this USSD-based service anytime without internet access.

How to make offline UPI payment?

After activation, it is easy to send money through offline UPI payment-

• Dial *99# from your registered mobile number.
• Select option ‘1’ to send money.
• Enter the bank account details along with the recipient’s UPI ID, mobile number, or IFSC.
• Enter amount (up to Rs 5,000).
• Enter your UPI PIN to complete the payment.
• The transaction will be processed instantly using the USSD system.

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UPI Payment: Unified Payment Interface (UPI) in India has made another record in its name. From city to village, the use of UPI has increased to such an extent that UPI, operated by the National Payments Corporation of India (NCPI), has achieved the highest monthly and daily transaction record till date.

In fact, a record 20.70 billion transactions were done in the month of October, which is much more than 19.63 billion in September and 20.01 billion in August. This shows how fast people are adopting it in their everyday life.

Payments are being made through UPI at a rapid pace

According to NPCI data, total transactions of Rs 27.28 lakh crore were made through UPI in October, while transactions of Rs 24.90 lakh crore were made in September and Rs 24.85 lakh crore in August. Compared to the last one year, the volume of UPI transactions has increased by 25 percent, while the total value has also increased by 16 percent.

On October 18, a record-breaking 754.37 million transactions were recorded through UPI, which is the largest transaction done in a single day since the launch of UPI. The average daily transaction in October stood at 668 million, while the average daily transaction value increased to 87,993 crore from 82,991 crore in September.

Why did this increase happen?

Experts say that this surge has come due to the festive season. Apart from this, now UPI is being adopted rapidly in rural areas also, the scope of digital infrastructure has increased. Now more and more businessmen have started adopting payment through QR code. Along with this, India is gradually moving towards cashless economy.

Use of IMPS and FASTag also increased

In the month of October, IMPS transactions increased by 3 percent to 40.4 crores. Total value increased by 8 percent to Rs 6.42 trillion. FASTag volume also increased by 8 percent to 36.1 crores. Its total value also increased by 4 percent to Rs 6,686 crore, which shows its increasing use on the highways during the festive season.

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