Union Bank of India launches UPI mobile app

PANJIM: Union Bank of India has announced that it is one of the first public sector banks to launch Unified Payment Interface (UPI) mobile application for their customers, today. At present, the application is available for Android based mobile phones.  App is available for download on the play store as ‘Union Bank UPI App’.

Arun Tiwari, CMD, Union Bank of India said “Keeping the tradition of fore fronting the technological developments, Union Bank in association with NPCI is one of the first Public sector Banks to launch this product.  This mobile App can be used by both our Bank’s customers and non-customers”.

UPI application allows customer to instantly transfer money to the customers of same bank or other banks.  The app is based on IMPS payment framework.  Here, the beneficiary ie receiver of the money need not disclose the account number and IFSC code to the sender. The receiver is required to give the virtual identity of the account to the sender so that the amount can be sent seamlessly. Further, the user can have multiple virtual IDs for the same account.  Anybody can also make use of our UPI App and can add the accounts of other banks into it.  

Service camp on insurance ends today

PANJIM: Mangesh Gaonkar, an agent with LIC of India having 5 years experience, is organising a 5-day service camp from August 23 to 27, 2016 at Karmal Glass Tower, 2nd floor, Office No 5, Opposite Traffic Cell, Police Station, Panjim. He will address some of the frequent asked queries regarding premium collection, inter branch policy transfer, change in mode of payment, loss of policy bond, survival and death claim, loan assistance, change or correction in name, etc.