The idea is to use messaging platforms such as Whatsapp to connect consumers with kirana stores, who will pay via digital payment tools such as UPI and BHIM. The logistics firms will then pick up grocery and other products from the stores through their network of delivery boys. The Aarogya Setu is proposed to be put to use to avoid any risk in the chain.
After burning the midnight oil to migrate Yes Bank consumer IDs and merchant payments on the Unified Payments Interface (UPI) to ICICI Bank, both PhonePe and BharatPe (one of the largest merchant payments apps) said they restored operations fully over the weekend. These include peer-to-peer and merchant payments via UPI.
Account holders will be able to give standing instructions to enable recurring payments through the Unified Payments Interface (UPI) platform. The RBI has allowed payments processors to debit accounts through UPI based on a mandate provided by the customer. This facility would be available for payments of up to Rs 2,000 only.