UPI 123Pay: Digital payments are all the rage these days. From cities to small towns, people are sending money, paying bills, and making purchases using their mobile phones. But what about the millions of people who still use feature phones or aren’t as comfortable with the internet ? For them, Indian Overseas Bank (IOB) has taken a major step. Now, even without a smartphone or internet, you can make payments using UPI with just a missed call and a voice command.

What is UPI 123Pay system?

UPI 123Pay is an initiative by the Reserve Bank of India (RBI) that allows UPI transactions to be made on feature phones. It’s a system that allows feature phone users to make digital payments. You just need two things: your mobile number linked to your bank account and a feature phone that can make calls. Simply call and send and receive money, or check your balance without an internet connection.

How to use it?

Using UPI 123Pay is easy. Simply call 08045163666 from your phone.

Then select your language

Then link your bank account (for first time users)

After this you can choose options like “Send Money” or “Check Balance”.

Enter mobile number, UPI ID or bank details to send money

Enter the amount

Complete the transaction by entering the UPI PIN

End the call after receiving the confirmation message

There’s no internet or app required. Everything happens via voice call.

Features of UPI 123Pay

The biggest feature of this system is that it works without internet, which reduces the risk of cyber fraud.

It is available in 12 Indian languages ​​and also has features like checking balance , viewing past transactions and managing UPI PIN.

Partnership between IOB and NPST

Now, Indian Overseas Bank (IOB) is preparing to bring this system to its customers. The bank has partnered with Network People Services Technologies Limited (NPST), which will implement it in collaboration with MissCallPay.

Approximately 850 million people in India still don’t use UPI , of which approximately 400 million are feature phone users. This move will pave the way for them to join the digital payment system.