ICICI, Kotak Mahindra and Airtel Payment Bank launch new payment system, easy to send money to others

Digital payments have earned a lot due to the corona epidemic. Banks are constantly working to make UPI payments better and simpler. So in the coming days, customers can get rid of problems during the digital transaction. ICICI Bank, Kotak Mahindra Bank and Airtel Payment Bank have jointly launched ‘Pay Connect’ or ‘Pay Your Contact’. It is expected to make mobile payments even better.

How to use

Customers of these three banks must first open a bank account. After that, go to Option and click on ‘Pay Connect’, after which the customer’s phone book opens and the money is easily sent from there. In the process, it is possible to easily find the UPI address through a bank application connection. After verifying the UPI, the person sending the money has to fill the amount and transfer it. Kotak Mahindra Bank users will also be able to get to know the receiver app easily.

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How much money can I send

According to Kotak Mahindra Bank’s website, a person can send a maximum of 50 thousand rupees 10 times. At the same time, according to ICICI Bank, through ‘Pay Your Connection’, you will be able to send 1 lakh rupees in 24 hours through various transactions.

The National Payment Corporation of India has initiated payment through the UPI ID, taking advantage of the customers. After the introduction of the UPI ID payments, people have ceased to recall important details such as IFSC code and bank. The Pay to Contact facility is an advanced part of this.

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