The Unified Payments Interface (UPI) is now live on HDFC Bank's mobile banking app. Banks which are a part of the UPI can now sign up and create a virtual payment address and link their bank accounts to the app. With this, the three largest private sector banks in India, ICICI Bank, HDFC Bank and Axis Bank, are now live on the payments platform. HDFC Bank’s customers are prompted to to enter their customer id while signing up for a virtual payment address which links the default bank account. Other accounts a customer may have on the bank will have to be linked to the virtual address later. On the app, users can send and request money from other users on the UPI. The bank's app allows users to send money through virtual address, bank account number and IFSC Code, Mobile number and MMID. There is also an option to send money to an Aadhaar number, however, this seems inactive at the moment. Note that the NPCI is expected to launch UPI 2.0 in March 2017 which will integrate Aadhaar. Right now, UPI hasn’t got Aadhaar integration, even though the draft paper for the UPI had detailed out that it would be using the Aadhaar to map out financial addresses on the UPI. Note that HDFC Bank has not allowed PayZapp, its mobile wallet, the option of loading money through the UPI. Meanwhile, the UPI is live on ICICI Bank's mobile banking app and Pockets app. At the moment, payment…
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