UPI is undeniably the easiest mode of payment in India. Following the boost in digitization across the nation, digital wallet apps such as PhonePe, GPay, and Paytm have also seen a massive surge in the user base. The convenience of making online payments is what driving the audience to use UPI services. These apps are adapting to modern requirements and bringing in new features to make UPI transactions secure and hassle-free. PhonePe just added one such user-friendly option that will allow UPI activation easy and secure.
PhonePe UPI Activation Via Aadhaar: All You Need To Know
PhonePe in the latest development has announced the activation of UPI via Aadhaar. Until now, all of the UPI apps offer a provision to activate UPI via a registered mobile number and an email address. PhonePe has now become the first UPI app in the country to bring this Aadhaar-based UPI activation.
With this feature enabled, it will be easier for the general audience to activate their UPI IDs with proper authentication. The company believes this new feature’s arrival with not only help ease but also expand the UPI ecosystem in the Indian market which further will help improve the digital payments ecosystem.
Additionally, with the launch of this new option, users would not need to add a valid debit card to generate their dedicated six-digit UPI pin. This has been one of the biggest reasons why a major chunk of users who don’t hold any debit card services and are only using a bank account for payments.
With this new option in place, the app will be able to use Aadhar details for e-KYC to generate the six-digit UPI pin for digital payment services. PhonePe has got approvals via designated authorities including UIDAI, RBI, and NPCI to get this system onboard.
PhonePe also clarified that it aims to expand its UPI services beyond the Indian borders and is working closely with NPCI for the same. If you are wondering how can you use Aadhar for UPI activation on PhonePe? Read on the steps below:
How To Activate PhonePe UPI PIN Via Aadhaar
Step 1: Download and install PhonePe application to get started with the UPI pin activation process.
Step 2: During setup., you would need to enter the last six digits of your Aadhar number.
Step 3: You will receive a new UPI Pin activation OTP on the registered mobile number.
Step 4: Confirm the OTP and setup up the new UPI pin.
