MobiKwik Pocket UPI: Popular app Mobikwik has launched its new feature ‘Pocket UPI’. Through this app users can use UPI linked to your bank accounts or linked to wallet for digital payments. Pocket UPI allows users to perform UPI transactions instantly without the need to link bank accounts through their MobiKwik wallets.
The increased technology around the world has brought new changes in the banking sector. Especially, better facilities have been made available to people through various apps. Last month popular app Mobikwik launched its new feature ‘Pocket UPI’. Through this app users can use UPI linked to your bank accounts or linked to wallet for digital payments. Pocket UPI allows users to perform UPI transactions instantly without the need to link bank accounts through their MobiKwik wallets. Pocket UPI protects users from transactions and financial fraud by transferring funds from their Mobikwik wallet instead of their bank account Let’s know more about Pocket UPI.
Differences between Wallet UPI and Pocket UPI
Your digital wallet becomes a wallet UPI when you make UPI payments without linking your bank account. It allows users to add money, pay using the UPI infrastructure from their wallet. Pocket UPI is a powerful feature for a digital wallet that enhances its functionality manifolds. Pocket UPI allows your MobiKwik wallet to work across different platforms. It allows you to make payments using QR codes, UPI IDs associated with any operator without any hassle.
MobiKwik Pocket UPI benefits
- Payments can be made to any QR or UPI with wallet balance.
- Bank account link is not mandatory
- Nil server downtime issue
- Instant settlements
- Top-up through UPI, Debit, Credit Cards
- Option to receive money directly to your wallet from any digital
How to use MobiKwik Pocket UPI
- To create or login to a Pocket UPI account, open the MobiKwik app. Then add funds using debit/credit card or other payment methods available.
- Open your mobile app and select Pocket UPI.
- Tap on the ‘Add Money’ icon, enter the payment option and select the amount. Enter the details. If you are adding for the first time for the cards you will go to the bank’s secure page to enter the OTP. After that the pocket UPI will be registered.
How to make payments with Pocket UP
Open the MobiKwik app. Select the Scan icon and scan the QR for the recipient. Enter the desired amount. Select Pocket UPI from the drop-down menu. Confirmation of payment will complete the payment.
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