UPI Update: MobiKwik has started a special feature called Pocket UPI, know about it...

On the other hand, Paytm's troubles are increasing after the action by the Reserve Bank of India (RBI), on the other hand, the company's rivals are busy expanding their business. Fintech company MobiKwik has started a special feature called Pocket UPI. Under this feature, customers can make UPI payments through their MobiKwik wallet, that too without linking their bank account.

The company has said that users can load their wallets with as much money as they want and spend it. When the money is spent, he can load it again. On this platform, you can load your balance through a credit card, debit card, or UPI. The company's CEO and co-founder Bipin Preet Singh says- 'With Pocket UPI, we are confident that we have added new features to the digital wallet.'

Pocket UPI accepts card payments from any network, including RuPay, Visa, American Express, and Diners Club. Payments made under Pocket UPI can be used through merchant QR codes and e-commerce platforms as well as to transfer money among themselves.

What is its benefit?
UPI payment transactions are very small and some are big. Suppose you go to buy vegetables and fruits and do UPI for small amounts at 15-20 places, then all these different transactions will be visible in your bank account. This makes the bank statement look too full and it becomes difficult to track the spending habits properly. Not only this, it also becomes difficult to track any kind of financial fraud. Suppose every few days 10-20 rupees are being deducted from your account due to some fraud, then you will not be able to understand this fraud at a glance by looking at the bank statement. By doing such transactions through the MobiKwik wallet, you can avoid such fraud.

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