How to Download UPI Apps by SBI, HDFC, ICICI, and Other Banks on Android and iPhone

How to Download UPI Apps by SBI, HDFC, ICICI, and Other Banks on Android and iPhone

How to Download UPI Apps by SBI, HDFC, ICICI, and Other Banks on Android and iPhone
HIGHLIGHTS
UPI apps by 21 banks, such as SBI, HDFC, ICICI, are available now
All banks have released Android apps for UPI, and a few have iOS apps too
UPI allows you to make transactions online directly from bank accounts
While mobile wallets have capitalised on Prime Minister Narendra Modi’s demonetisation drive and emerged as the big gainers, the government-backed Unified Payments Interface (UPI) had been a no-show until a recent marketing push by the government. Despite being a platform that could have solved the cash crunch, UPI hasn’t really got the kind of traction it probably deserves among both consumers and merchants.

(Also see: Wallet Companies Are Expanding, but Where Is UPI?)

UPI allows you to make payments directly from your bank account, just like you can pay using a debit card, by netbanking, or via a cheque. You need to have a registered mobile number with your bank, and this is used to verify your account. When you sign up on a UPI app the system takes the requisite information courtesy your mobile number. Once your mobile number is verified, you can create your Virtual Payment Account (VPA) and an mPIN to start making transactions using the UPI service.
(Also see: All You Need To Know About UPI)
At present, around 30 banks have joined the UPI platform, with more than 20 UPI apps already available on Google Play and Apple App Store. The beauty of the UPI system is that you can register on (for example) the Axis Bank UPI App, but link any of your bank accounts, whether it is HDFC Bank, or Union Bank. Some UPI apps also act as mobile wallets, while others allow users to make purchases, such as mobile or DTH recharges, using the UPI. These include ICICI Bank’s Pockets app, and the Flipkart and Yes Bank-powered PhonePe.
(Also see: How the Unified Payments Interface Will Evolve)

Making transactions via UPI apps entails a charge of Rs. 5, plus service; this is the amount banks charge for making payments via IMPS netbanking too, which makes sense, since IMPS is actually the backbone of the UPI. Here is a list of all the UPI apps currently available for smartphones.

1. SBI Pay: Android

2. HDFC Bank MobileBanking: Android, iOS

3. ICICI Pockets: Android, iOS

4. Axis Pay UPI App: Android

5. Union Bank UPI App: Android

6. PNB UPI: Android

7. PhonePe: Android

8. Canara Bank UPI – eMpower: Android

9. United UPI: Android

10. Andhra Bank ONE – UPI App: Android

11. UCO UPI: Android

12. Bank of Maharashtra – Maha UPI: Android

13. Vijaya UPI: Android

14. South Indian Bank – SIB M-Pay (UPI Pay): Android

15. KBL SMARTz (UPI): Android

16. OBC UPI PSP: Android

17. UPI Bank Transfer with Friends: Android

18. DCB Bank UPI App: Android

19. Lotza – UPI: Android

20. TranZapp – UPI: Android

21. CSB UPI: Android

Tags: UPI, UPI Apps, Unified Payments Interface, ICICI UPI App, HDFC Bank UPI App, PhonePe UPI App, PhonePe, PNB UPI App

[“Source-Gadgets”]

HDFC Red CEO on How Drones and Machine Learning Can Improve the Real Estate Listings Business

HDFC Red CEO on How Drones and Machine Learning Can Improve the Real Estate Listings BusinessHDFC Red CEO on How Drones and Machine Learning Can Improve the Real Estate Listings Business
HIGHLIGHTS
Builders themselves are very enthusiastic about adopting technology
By 2020, the digital natives, will be buying houses
Machine learning has the potential to be a real game-changer
The startup-within-a-big-company is a narrative that’s becoming increasingly popular, but Sohel I S, CEO of the property portal HDFC RED, feels that six years on, the mindset genuinely applies to his organisation, where the average age of the team is still 28.

“We’re able to make decisions quickly and don’t have to go through so much hierarchy and we’ve had to be very fiscally responsible,” Sohel tells Gadgets 360. This also helped the company have a relatively narrow focus from the beginning, something he says helped a lot.

While many of the best known companies in the property space in India got their start in the rental market, HDFC RED stayed out of that segment, focused instead on the buying and selling of private homes from the beginning.

Last year, Housing.com announced layoffs and shut down its rentals; visit most of the other popular sites and the first option you now see is “Buy”. In some ways, RED was ahead of the time when it launched and Sohel sees the current trend as a validation of its business model.

“When we were getting started we talked about what all we should be doing, and we were clear that we aren’t going to try and do everything at once,” he says. “The problem with rentals is that there is a lot of demand, but the supply is very erratic. You’re spending money to acquire each listing, but that money is only good for about three weeks. In that much time, any house which is in a decent condition, where the rent is reasonable, goes off the market.”

“On top of that, the listing will be there on a dozen sites, and you’re all spending money to improve the quality of the listing and bring information,” he adds. “It’s just not really practical.”

On the other hand, the supply side for selling houses is a lot better, he explains. For one thing, builders are ready to pay to be on the platform. Additionally, you’re capturing the data for an entire project and not just a single house. And of course, the listings are live for a lot longer, so the money that is spent on getting and maintaining them is a lot lower in the long term.

Additionally, Sohel continues, the builders themselves are very enthusiastic about adopting technology. It’s a cost effective way to grow, and in a market where buyers are often not purchasing locally anymore – buying property in their hometowns while living elsewhere, for example – technology becomes essential to finding homes.

“Also what’s happening is that the second generation of builders is now taking over, the ones who grew up around technology and have a lot more exposure to the world,” Sohel explains, “and this means that people who are much more comfortable with technology, are much more immersed in technology, are the ones who are making the decisions now.”
And this is bringing about a big difference in the way buyers and builders are using technology. “Six years ago, people were worried that you wouldn’t buy anything online,” Sohel continues. “But when I saw people start to buy clothes online, I knew that this was possible.”

“Today, we use video conferencing for discussions, VR tours of the building to give you a 360-degree view of the apartments,” he adds, “and it’s been stopped now, because there’s not much clarity on what you can and can-not do with drones, but we were doing some really great things, like using drones to shoot the view from every window on every floor of the building, so you can decide if the 15th floor is right for you or the 20th.”

But all of this barely scratches the surface of how technology has been changing the real estate business according to Sohel. The real game changer, he believes, is artificial intelligence. “Machine learning has been moving too slowly if you ask me, mostly confined to the lab, but it’s a real game-changer,” he says. “Right now, there is a lot of data. And not much of it is useful to everyone, and it’s presented in a way that makes it hard to find the information you require.”

“What we can do is improve on the presentation of data to help you find the houses you need more easily. The next thing we do is congruence, where we help you to fine tune the data and come up with a filtered list that suits you,” he explains. “Then there are recommendations, where we can actually say we know what you like, we know what you really want, and these are the houses you should look at.”

HDFC RED has applied for a patent for its recommendation engine, and it uses everything from social profiling, to demography-based suggestions, but he admits that this is one area where further improvements are required. “I mean imagine if we know the kind of music you listen to, and what music other people like,” he says. “Maybe if we know that you’re someone who likes to listen to rock music, you’ll be better off with neighbours who like it too, so they won’t complain about your music playing late, right?”

It’s a slightly far-fetched notion, as he quickly admits, but it does show some of the ways in which the real estate business in India is changing. “Things like having an app for your property to showcase it, which then becomes an internal social network once the houses are sold,” he adds, “or setting up a VR zone to demo houses instead of having people come to the project unnecessarily, this is moving from being high tech to just hygiene.”

“By 2020, the digital natives, the ones who grew up with the Internet, will be buying houses,” he says, “and right now, we’re taking care of the search part of the equation. By then, you’ll have to have solutions for site visits, negotiation, payments, and paperwork for these buyers.”

Tags: HDFC, HDFC RED, Property Search, Real estate, Housing.com

[“Source-Gadgets”]

Good News For Entrepreneurs: SmartUp for Startups Launched by HDFC

Good News For Entrepreneurs: SmartUp for Startups Launched by HDFC
Image credit: World Wide Web

Flipkart secures a credit line of over Rs450 crore from HDFC Bank; Amazon’s localization of mobile tech boosts demand for its app

Photo: iStock

Photo: iStock

What to watch out for

• Capital markets regulator Securities and Exchange Board of India to fast-track market reforms, ease start-up funding.

• Amazon’s localization of mobile tech boosts demand for its app.

• Flipkart has secured a credit line of over Rs.450 crore from private sector lender HDFC Bank, according to latest documents filed with the Registrar of Companies (RoC).

* TPG Growth looks to invest in Indian consumer Internet start-ups

Matters of debate

Why Flipkart will be worth its invested capital: If Flipkart and other e-commerce firms in India were to bring operating losses to zero this year, it would be generous to estimate that the revenues will remain flat compared to 2015.

Can Taiwan get back on the tech map? The country is attracting capital from overseas—Sequoia Capital India has inked two deals in Taiwan, Pinkoi and Appier—without a local office. Infinity Ventures from Japan has funded Taiwanese start-up 17App.

What the world is talking about

Fire tablets: Amazon to restore encryption to Fire tablets after complaints after customers and privacy advocates criticized the company for quietly removing the security option when it released its latest operating system. In the interim, however, there are some options for Fire owners.

China’s economy: The economy isn’t headed for a hard landing and isn’t dragging on the global economy, China’s top economic planner said on Sunday, but uncertainty and instability in the global economy do pose a risk to the country’s growth.

Disabilities start-up: Irish start-up Access Earth, a web platform and app that crowdsources data on accessible buildings and locations to help people with disabilities, wants to be a Google Maps for people with disabilities.

Tencent’s winning game strategy: From a chat software developer to an investment holding company and the world’s largest online gaming company by revenues, what Tencent did right.

Startup classroom

• 3 questions to ask yourself before launching a start-up

• The valuable lessons Silicon Valley should learn from Australian start-ups

For the geeks:

Testing Google’s Hands Free payments: Google has a new mobile payment app called Hands Free. Watch the video to see how it works.

Did you know:

• Is China’s Alibaba bigger than Brazil? Six stunning facts about China’s tech market

Why BlackBerry is a hit in Indonesia: While globally, Facebook Inc.’s WhatsApp dominates the messaging market with a billion monthly active users, in Indonesia, it’s a different story. BBM has over 55 million monthly active users, BlackBerry said in January, making it the dominant messaging app in Indonesia.

The Previous Week in Review:

Mutual funds sour on start-up investments: Fidelity, BlackRock and other giants cut value of their stakes at faster pace, make fewer new investments.

Flipkart soars: Flipkart becomes one of the largest digital ads platform’s in the country within a year of launch.

Uber, Ola launch rival motorbike-hailing services in India: The competitors go head-to-head to target commuters tired of sitting in their cars in traffic.

Alibaba finance arm in talks to invest in Chinese media group Caixin: Alibaba and its affiliates have been expanding their media empire, investing in everything from film, television and music to video games and news.

[“source-Livemint”]