Paysend supports money transfers to India using the Unified Payments Interface (UPI) ID, enabling instant credit to bank accounts.
What is a UPI ID?
A UPI ID is a unique identifier that acts as a Virtual Payment Address (VPA) for making and receiving payments in India. It is typically similar to an email format and is specific to each user. Examples of a UPI ID are: "recipientname@bank" or "1234567890@bank", where "recipientname" stands for a username and "1234567890" stands for a mobile number.
How do I send money using UPI?
To send money to India via Paysend using a UPI ID, follow these steps:
- Log in to your Paysend account and tap 'Send'.
- Tap 'Add recipient' and enter their personal details.
- Select the recipient's country and then the 'UPI' delivery option.
- Enter the recipient's UPI ID and their first and last name.
- Follow the on-screen instructions to make the transfer payment.
Please note: The maximum limit for a single UPI transfer is 100 000 INR. If you need to send a higher amount, please select a bank transfer or card transfer instead.
How your recipient can generate a UPI ID:
- Register through the mobile application of a participating bank (e.g., ICICI, SBI, HDFC).
- Alternatively, they can use dedicated UPI apps such as BHIM, PhonePe, Google Pay, Paytm, and others.
UPI transfers offer a fast and secure way to send money, ensuring that your funds are quickly credited to the recipient's bank account without the need for bank account details.