New feature makes UPI payments a breeze
- According to Kotak Mahindra Bank's website, an individual can transact up to 10 times and with a total value of up to ₹50,000 per day using the 'Pay your Contact' feature
NEW DELHI : Banks are working towards making UPI (unified payments interface) transactions easy as a breeze. Three banks—ICICI Bank, Kotak Mahindra Bank and Airtel Payments Bank—have launched the 'Pay to Contact' or 'Pay your Contact' feature, which makes mobile payments more convenient than ever.
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