Now UPI Apps aren't restricted only with the RBI collaborated banks. E commerce sites too have joined hands to ensure safer online payments through the system of United Payment Interface. Splitkart came up as one of the first non-banking UPI supporting app. Read on for more detailed information on this app.
Splitkart is one of the first Unified Payment Interface supporting apps that is built as a expense splitting App. The app is based on the Unified Payment Interface which is designed specially to ensure the security of every online money transfer operation. The Unique Identifier feature of the app works as a tool behind each and every transaction that take place through the app. Currently the Splitkart group is partnered with the Yes Bank UPI. The app shows a well-observed study of the current scenario of online monetary transactions and thus has every necessary element to make these transactions easier while keeping a keen eye on the security aspect. Here are a few highlights of its features:
Deals with the Restaurants: Splitkart provides you with the eligibility to avail the best deals on a number of Restaurants in the NCR region like Boombox, Bunker, Lights Camera Action, Mafioso, Moti Mahal, Café, New York Slice, Kitchens of Asia,etc The same remains even when you make any online order from the popular sites like Dominos, Swiggy, Faasos, etc.
In-app Chat Functionality: Splitkart has all those In-App features that makes any online payment easier than before. One such feature is the chat functionality where the users are allowed to create a group and plan out an event where they can share their expenses through the split Payment option besides the photos and videos.
Split Payment: This option of "split payment" makes the Splitkart app stand at par with the other latest UPI apps, where the user can split a payment at a point of time while making a payment. This means that during any online monetary transaction a member of a group can initiate a process of paying for an event or a product and can invite other members to contribute for the same through the app. This is ideal for events like a friend's party, or buying a gift on behalf of a group and so on.
UPI & Mobile Wallets: Now paying through the mobile has got easier and safer with the Splitkart App. It is offering a better solution for making payments through this App while it guarantees security through its Unified payment interface(UPI). It even includes the linkage with every major online wallets like Paytm,PayuMoney and others.
Social Media Integration: Splitkart knows it well how we like to share the moments our life with our friends on social media. So the app has integrated the social media sharing option where every user gets the chance to share the restaurant deals they could avail through the app. It is definitely an intelligent move as the entire chain of merchants along with the hosts of app get to advertise automatically.
Reminder Option: If someone from the group owes the payment, the app will send an automatic reminder, till he/she pays back so that you do not need to face the embarrassment of asking them or reminding them.
The interface of Splitkart app is quite appreciable because of its smart look and functionality. The app has equally distributed its concern on the security as well as the integrity of the usage of the app. The restaurant deals, the split payment functionality and the in-app chatting facility were all necessary to make the app trendy and secured as well.
The Not so Good
There is no direct bill payment option.
Finally, as one of the non-banking UPI app, Splitkart has undoubtedly made its entry, by including the major features of Online Payments. With more updates, the app shows plenty of scope to develop itself and become one of the indispensable apps in the coming days.
There have been a lot of new terms being heard about the financial transactions. If you are confused about what is UPI and how can you make use of it for an cashless transaction, this article is for you. Let us get a little more information on the technology behind UPI and the associated concepts.
UPI that stands for Unified Payments Interface has been launched by RBI this August 11, 2016. It was a major step taken by RBI towards a more technologically sound payment system that ensures better security and online banking transaction. Have a glimpse at what and all we would benefit from this latest Banking feature.
Since RBI has introduced the UPI app for the banks, a handful of non banking UPI apps have also queued up from the different online merchant groups. Now online money transaction has become quicker, easier and above all safer with these apps. Have a look at the features that these apps have to offer and get the one you like most.
Now online money transaction is safer and easier with the latest Unified Payment Interface app. Apart from the banks who have collaborated with RBI on this, there are a handful of UPI enabled apps from non-banking institutions as well launched by the big e-commerce houses. PhonePe is one such non-banking UPI app launched by Flipkart to ensure safer online money transaction. Check out the details to know more.
Here is MyPoolin, one of the most popular UPI enabled app for Android. It has a number of unique features that assures of solving major financial issues at a social platform, including the security issue of online money transactions. Read on for more details on its features and functionality.