Airtel Payment Bank Integrates UPI with IFSC Codes for Enhanced Flexibility
19 September, 2024
- ✔️private sector
- ✔️Airtel Payment Bank
- ✔️finance
Airtel Payment Bank is embracing the future of digital payments by integrating UPI (Unified Payments Interface) with traditional banking methods that use IFSC codes. While UPI has made small, instant payments more accessible, the importance of IFSC codes for larger transactions remains. This integration allows Airtel Payment Bank customers to seamlessly use both systems, ensuring flexibility and convenience.
For example, if a user wants to make a small payment using UPI, they can do so instantly. However, if they need to make a larger transfer, such as paying a vendor or sending money to a remote family member, the IFSC code ensures that the transaction is securely routed through NEFT or RTGS. This dual approach makes Airtel Payment Bank a comprehensive solution for all types of transactions, combining the speed of UPI with the security of traditional banking.