Tech: UPI payment will be done without internet through PhonePe, these people will get the facility, GSPay technology is available..

UPI Payment offline: The popular app for UPI payment 'PhonePe' is going to do a big thing very soon. After this, people will be able to make UPI payments even without the Internet. All this will be possible with the help of GSPay technology. The company has prepared to connect such people with digital payment, who are still using feature phones and do not use UPI. The company has got the technology to make this possible. It has bought Gupshup's GSPay technology. It has been told that in the coming days, a UPI payment app will be brought for feature phones.

It has been told that GSPay is a mobile application. It is built on the UPI payment system (UPI 123PAY) of NPCI i.e. National Payments Corporation of India. With its help, UPI payment is done through feature phones. Many mobile companies like Jio, HMD, etc. have introduced such feature phones, which support UPI payment. It has been said that PhonePe will make the technology of GSpay better. After that, the technology will be introduced in the new feature phones launched in the country and UPI payments will be made from feature phones on the PhonePe app.

What will be the benefit to the people?

PhonePe wants the section of the country that uses feature phones and is not yet connected to UPI payment or is making payments through other methods can easily use UPI. Through the technology of GSpay, people will be able to send money to each other P2P i.e. person to person. Payment will be possible through an offline QR code. In this method, an internet connection is not required to make payment. People will also get the facility that they will be able to receive money from any UPI user. It has been said that the company wants to make payment easier between feature phone users and smartphone users.

What does PhonePe have to say about the new technology?

On the new technology, PhonePe has said that it is very happy to buy GSPay technology. Through this technology, a UPI payment facility will be available to feature phone users in the coming days. The company believes that the finance industry and startup ecosystem have not paid attention to such people yet. The company has expressed hope that it will be able to connect crores of people using feature phones with UPI payment in the coming days.

How many people are using feature phones in the country

Statistics show that till last year, the number of feature phone users in India was 24 crores. It is estimated that 15 crore feature phones will be introduced in the next 5 years, which means this user base will remain intact for now. UPI payment facility is available in feature phones, but PhonePe, Paytm, or other private players have not yet jumped into this category. If the UPI app of these companies comes in feature phones, the revolution of digital payment in the country can reach the next level. More and more people will be able to use banking services sitting at home.

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