NPCI partners with Payso to create digital payments awareness

Mumbai: National Payments Corporation of India (NPCI) has collaborated with Payso Fintech in a bid to create awareness about digital payments in four cities namely, Mumbai, Pune, Bhopal and Indore. Under the association Finternship, an eight weeks internship program will be organised for about 600 graduates and postgraduates students of prime institutes to make them digitally sound. These students will undergo a certified training program free of cost and post the training they will reach out to merchants in order to help them accept cashless payments. Earlier this week the program was started in Mumbai and it will also be conducted sequentially in Pune, Bhopal and Indore this month.

Mr. Kunal Kalawatia, Senior Vice President – Marketing &Branding, NPCI said, “We intend to enable over 12,000 merchants with BHIM UPIpayments in a span of 8 weeks through this Finternship programme. We are happyto collaborate with Payso Fintech and spread awareness about Bharat Interfacefor Money – Unified Payments Interface (BHIM UPI) among students and merchants.Digital payments landscape has been growing with each passing year and webelieve the key lies in educating the nation about the advantages of digitaltransactions.”

Mr. Tushar Trivedi, Mentor & Chief of Payso Fintechsaid, “We firmly believe that way forward for Indian economy to succeed isthrough the digital transformation. The new available digital solutions such asBHIM, Unified Payments Interface (UPI) or say QR code based technology hasability to transform off-line business activity towards on-line, as they aresafe, secure, fast and accurate. There is much of the need felt for the largenumber of use cases where transactions are repetitive in nature and also aresmaller denomination driven. Payso wishes to be the change agents who areprepared to work alongside of large network players and banks includingco-operative banks and societies to ensure that the entire ecosystem isbenefited with smart innovative solutions.”

About the Finternship Program: Under theFinternship program, Payso has created an on-line empanelment process afterconnecting and contacting colleges to emphasise on enrolling smart students.There are various filters applied to scrutinise and ensure that desired levelof young students are enrolled. Everything from profile creation, enrolment toeven doing specific learning on digital are offered through an online portal ofPayso and each activity could be performed through the mobile applicationspecifically created for students.

About BHIM App: Android users can download BHIMapp from Google Play Store while iPhone users may find the app in Apple AppStore. Once the app is downloaded, one needs to set their UPI PIN, UPI ID andstart transacting with this app. Users can browse through their phone contactsto select beneficiaries for sending and receiving money instantly. Using theBHIM app one can even split and share bills with their contacts, set paymentreminders for convenience and also download transaction statements forreference. Features such as marking unidentified collect requests as spam alsobrings in incremental security. 

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