BHIM IOB UPI

Indian Overseas Bank introduces BHIM IOB UPI, a new payment system that allows customers to link their bank accounts using a registered mobile number. Customers need to enter this number and complete an initial registration process, including OTP verification and device binding. It's important to note that the SIM card for the registered mobile number must be present in the device on which the app is installed to make payments.

Key Features:

• Creation of a Virtual Payment Address to facilitate transactions without sharing additional bank details
• Sending money and requesting collections through the application
• Checking account balances linked to the VPA
• Managing payees, VPAs, and accounts
• Payment via QR code and QR code generation
• Referring friends through various platforms such as Facebook, WhatsApp, Google+, and Gmail