{"id":409,"date":"2018-08-20T07:37:14","date_gmt":"2018-08-20T02:07:14","guid":{"rendered":"https:\/\/www.atomtech.in\/blog\/?p=409"},"modified":"2023-03-21T14:34:55","modified_gmt":"2023-03-21T09:04:55","slug":"upi-2-0-launched-key-features-of-upi-2-0","status":"publish","type":"post","link":"https:\/\/in.nttdatapay.com\/blog\/upi-2-0-launched-key-features-of-upi-2-0\/","title":{"rendered":"UPI 2.0 launched. Close look at Key Features of UPI 2.0"},"content":{"rendered":"<p>Unified Payment Interface is a real time payment system that helps to transfer funds instantly between two banks with the help of mobile phone.\u00a0Ever since the launch of UPI in August 2016, the face of digital payments has changed vigorously. Today, UPI has become the most preferred mode of payment.<\/p>\n<p><a href=\"https:\/\/en.wikipedia.org\/wiki\/Unified_Payments_Interface\" rel=\"nofollow noopener\" target=\"_blank\">UPI<\/a> has undoubtedly simplified the <a href=\"https:\/\/www.nttdatapay.com\/online-payment-gateway-india\" target=\"_blank\" rel=\"noopener\">digital payment<\/a> ecosystem and is constantly evolving to simplify it even more. With the launch of UPI 2.0, we will now be able to do lot more than we ever did before. It has got some new cool features that will take the digital ecosystem a step ahead. Let us learn about the new features.<\/p>\n<p><span data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&lt;p class=&quot;wpcf7-contact-form-not-found&quot;&gt;&lt;strong&gt;Error:&lt;\/strong&gt; Contact form not found.&lt;\/p&gt;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:6659,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:16777215},&quot;12&quot;:0,&quot;14&quot;:{&quot;1&quot;:2,&quot;2&quot;:2236962},&quot;15&quot;:&quot;Arial, Helvetica, sans-serif&quot;}\">\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f2460-o1\" lang=\"en-GB\" dir=\"ltr\" data-wpcf7-id=\"2460\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/409#wpcf7-f2460-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"2460\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.4\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_GB\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f2460-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"cus-form\">\n\t<p style=\"font-size: 24px;font-weight: 600;text-align: center;\">Enquire Now\n\t<\/p>\n\t<p><label>Products Required:<\/label><span class=\"wpcf7-form-control-wrap\" data-name=\"products\"><select class=\"wpcf7-form-control wpcf7-select wpcf7-validates-as-required form-control\" aria-required=\"true\" aria-invalid=\"false\" name=\"products\"><option value=\"Payment Gateway\">Payment Gateway<\/option><option value=\"POS Machine\">POS Machine<\/option><option value=\"Reseller\">Reseller<\/option><\/select><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"uname\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Name*\" value=\"\" type=\"text\" name=\"uname\" \/><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone*\" value=\"\" type=\"tel\" name=\"phone\" \/><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email*\" value=\"\" type=\"email\" name=\"email\" \/><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"message\"><textarea cols=\"10\" rows=\"3\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea form-control\" aria-invalid=\"false\" placeholder=\"Message\" name=\"message\"><\/textarea><\/span><br \/>\n\t\n\t<input class=\"wpcf7-form-control wpcf7-hidden\" id=\"utm\" value=\"\" type=\"hidden\" name=\"utm\" \/><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Submit\" \/>\n\t<\/p>\n<\/div>\n<style>\n.cus-form .form-control{width: 100%!important;margin: 7px 0px;padding: 8px;border-radius: 3px;height: auto;line-height: 20px;}\n.cus-form{display: block;margin: 0 auto;max-width: 400px;width: 100%;padding: 20px;box-shadow: 0px 0px 4px 0px #0000002b;border-radius: 6px;margin-bottom: 25px;padding-bottom: 0px;}\n.cus-form .wpcf7-submit{margin: 0 auto;display: block;}\n.cus-form h3{background: #ff6644;text-align: center;margin: -21px;margin-bottom: 20px;padding: 6px;}\n<\/style>\n<p><script>\ndocument.getElementById(\"utm\").value = window.location.href;\n\ndocument.addEventListener( 'wpcf7mailsent', function( event ) {\n location = 'https:\/\/in.nttdatapay.com\/blog\/thankyou\/';\n}, false );\n<\/script>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n<\/span><\/p>\n<h2 style=\"font-size: 30px;\">Key Features of UPI 2.0<\/h2>\n<h4 style=\"font-size: 20px;\">1. Secure QR-code payments<\/h4>\n<p>The QR-core on UPI 2.0 will include a certificate which will ensure that the money has been transferred in the right account.<\/p>\n<blockquote><p><a href=\"https:\/\/in.nttdatapay.com\/blog\/difference-between-a-payment-gateway-and-a-merchant-account\/\">What Is The Difference Between A Payment Gateway And A Merchant Account<\/a><\/p><\/blockquote>\n<h4 style=\"font-size: 20px;\">2. Overdraft facility<\/h4>\n<p>As of now, UPI only allows you to link your savings account. But with UPI 2.0 platform, you would be able to link an overdraft (OD) account too. This feature will enable merchants to take credit using their overdraft account for making a transaction.<\/p>\n<h4 style=\"font-size: 20px;\">3. Sending an invoice<\/h4>\n<p>Let\u2019s say, you went to a shop to purchase a product and made the payment using UPI. So, once the merchant receives the payment, an invoice of the same can be generated and sent to the customer.<\/p>\n<h4 style=\"font-size: 20px;\">4. Transaction limit Increased<\/h4>\n<p>As of now,\u00a0UPI\u00a0allows you to send up to Rs 100,000 a day. But with UPI 2.0, the transaction limit will be doubled to Rs. 200,000.<\/p>\n<h4 style=\"font-size: 20px;\">5. Amount blocking<\/h4>\n<p>This feature will help the merchants to secure his payments. Let us suppose that you are going on a holiday, and booked a hotel. In such a case, particular amount will be blocked on your bank account and once your stay is over, it will be debited. The same could apply for <a href=\"https:\/\/in.nttdatapay.com\/blog\/integrate-payment-gateway-in-woo-commerce-website\/\">e-commerce<\/a> purchase too. When you order a product, the said amount will be blocked, and after the delivery is complete, the amount will be released.<\/p>\n<blockquote><p><strong><a class=\"row-title\" href=\"https:\/\/in.nttdatapay.com\/blog\/accept-upi-payment-online\/\">Accept UPI Payments Online through atom payment gateway<\/a><\/strong><\/p><\/blockquote>\n<h3 style=\"font-size: 25px;\">Benifits of UPI<\/h3>\n<ol>\n<li>Instant transfer of funds through IMPS<\/li>\n<li>UPI can be used to transfer funds 24*7 including holidays.<\/li>\n<li>Single mobile application for accessing various banks accounts.<\/li>\n<li>Uses Virtual Payment Address which is a unique ID as given by the bank.<\/li>\n<li>Every bank provides its own UPI for different platforms.<\/li>\n<li>It can be used for <a href=\"https:\/\/in.nttdatapay.com\/blog\/what-is-an-internet-merchant-account-and-how-to-accept-payments\/\">merchant payments<\/a>, utility bill payments, in-app payments and barcode payments.<\/li>\n<\/ol>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Unified Payment Interface is a real time payment system that helps to transfer funds instantly between two banks with the help of mobile phone.\u00a0Ever since the launch of UPI in&#8230; <!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":421,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-payment"],"_links":{"self":[{"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/posts\/409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/comments?post=409"}],"version-history":[{"count":5,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/posts\/409\/revisions"}],"predecessor-version":[{"id":2560,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/posts\/409\/revisions\/2560"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/media\/421"}],"wp:attachment":[{"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/media?parent=409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/categories?post=409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in.nttdatapay.com\/blog\/wp-json\/wp\/v2\/tags?post=409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}