In the world of digital payments, UPI (Unified Payments Interface) has emerged as a game-changer. It allows users to transfer money instantly between bank accounts with just a mobile number or UPI ID. With its growing popularity, MobiKwik has seamlessly integrated UPI into its app, enabling users to send and receive money with ease, without the need for complex banking procedures.
Whether you’re splitting a bill with friends, paying for a service, or transferring funds to your family, MobiKwik’s UPI feature allows you to complete these tasks in just a few taps. In this guide, we’ll show you how to use MobiKwik’s UPI feature for instant money transfers.
1. Setting Up UPI on MobiKwik
Before you can begin transferring money using UPI, you need to set up UPI on your MobiKwik app. The process is simple and quick, and here’s how you can do it:
Step 1: Download and Install the MobiKwik App
If you haven’t already installed MobiKwik, you can download it from the Google Play Store (for Android users) or the Apple App Store (for iOS users).
Step 2: Open the MobiKwik App
Once the app is installed, open it and log in using your registered mobile number and password. If you haven’t registered yet, you can sign up with your phone number.
Step 3: Go to the UPI Section
After logging in, follow these steps:
- Tap on the ‘UPI’ option, which you can find on the home screen or within the ‘Payments’ section.
- If you are setting up UPI for the first time, you will be prompted to link your bank account to the app.
Step 4: Link Your Bank Account
- Choose your bank from the list of available options.
- Enter your bank account details and verify your information with an OTP (One-Time Password) sent to your mobile number.
- Create a UPI PIN: Set up a secure UPI PIN that you will use to authorize all UPI transactions.
Once your bank account is linked and the UPI PIN is set up, you’re ready to start making instant money transfers using MobiKwik.
2. How to Send Money Using MobiKwik’s UPI Feature
MobiKwik allows you to transfer money to any UPI ID, whether it’s a person, business, or another bank account. Here’s a step-by-step guide to making instant money transfers:
Step 1: Go to the ‘Pay’ or ‘Send Money’ Section
- From the home screen of the MobiKwik app, tap on ‘Send Money’ or ‘Pay’.
- Alternatively, you can also access this option under the ‘UPI’ section in the app.
Step 2: Enter the Recipient’s UPI ID or Mobile Number
- You will be asked to enter the recipient’s UPI ID or their mobile number. If the recipient has their UPI ID linked to a bank account, you can simply enter the UPI ID (for example:
recipient@upi). - If you’re sending money to someone with a mobile number registered for UPI, just select their contact from your phonebook. MobiKwik will automatically detect if they have UPI enabled.
Step 3: Enter the Amount and Message (Optional)
- Type in the amount you wish to send.
- You can also add an optional message to the transaction, such as “Dinner Bill” or “Gift for You.”
Step 4: Verify and Enter Your UPI PIN
- After entering the details, review the recipient’s information and the amount.
- Once verified, tap on ‘Pay’.
- You’ll be prompted to enter your UPI PIN to authorize the transaction. This PIN is the one you created when setting up your UPI on MobiKwik.
Step 5: Confirmation of Transfer
- After entering the UPI PIN, your transaction will be processed, and you will receive an instant confirmation of the money transfer.
- The recipient will also receive a notification of the payment in their bank account or UPI app.
You can always check the transaction history in the app to confirm the successful transfer.
3. How to Receive Money Using MobiKwik’s UPI Feature
In addition to sending money, you can also receive payments via UPI using MobiKwik. Here’s how to set up and receive payments:
Step 1: Share Your UPI ID or QR Code
To receive payments, you need to share your UPI ID with the person who’s sending you money.
- Find your UPI ID: In the MobiKwik app, go to the ‘UPI’ section, and your UPI ID will be displayed. It’s usually in the format
yourname@upi.
Alternatively, you can share your QR code for easier payments. Just tap on ‘Show UPI QR’, and it will display your unique QR code. The payer can scan this QR code from their UPI app (like Google Pay, Paytm, etc.) to send money.
Step 2: Wait for Payment
Once the sender has your UPI ID or scans your QR code, they can initiate the payment. When the money is transferred, you will receive an instant notification from MobiKwik, and the funds will be credited to your linked bank account.
4. Benefits of Using MobiKwik’s UPI for Instant Money Transfers
MobiKwik’s UPI feature offers several advantages for users looking to make fast and secure money transfers. Here’s why you should use it:
A. Instant Payments
UPI allows for real-time money transfers, meaning that transactions are processed immediately without any delays. This is ideal for time-sensitive transactions like paying for goods, services, or splitting bills.
B. Low Fees
MobiKwik doesn’t charge high fees for UPI transactions, which makes it a cost-effective option for small transactions. In fact, most UPI transactions are completely free of charge.
C. Secure Transactions
UPI transactions are secured by two-factor authentication (2FA), ensuring that your payments are protected. Additionally, MobiKwik uses encryption technology to safeguard your personal and banking data.
D. User-Friendly Interface
MobiKwik’s UPI feature is integrated seamlessly into the app, offering a simple and easy-to-use interface. The steps for transferring money are straightforward, making it accessible for both tech-savvy and less-experienced users.
E. No Need for Bank Details
Unlike traditional money transfers where you may need to enter bank account numbers or IFSC codes, with UPI, all you need is the recipient’s UPI ID or mobile number. This simplifies the process and reduces the risk of errors.
5. How to Check Your UPI Transaction History on MobiKwik
Tracking your transactions is essential for managing your finances. MobiKwik allows you to easily check your UPI transaction history:
- Open the MobiKwik app.
- Go to the ‘UPI’ section.
- Tap on ‘Transaction History’ to view a list of all UPI transactions, including details of payments made, payments received, and the status of each transaction.
6. Troubleshooting Common UPI Issues
If you face any issues while using MobiKwik’s UPI feature, here are some solutions:
- Transaction Failed: Ensure that your UPI PIN is correctly entered and that there are sufficient funds in your bank account. Check your internet connection for any disruptions.
- UPI PIN Issues: If you’ve forgotten your UPI PIN, you can reset it by going to the ‘UPI settings’ in the MobiKwik app and following the prompts to reset it through your bank.
- Payment Delays: UPI transactions are usually instant, but in rare cases, there may be slight delays due to bank processing times. Wait for a few minutes, and the payment should be credited to the recipient’s account.
Conclusion
MobiKwik’s UPI feature is a simple, secure, and fast way to make instant money transfers. Whether you’re sending money to a friend, paying for services, or receiving payments, the app ensures a hassle-free experience. With zero transaction fees, real-time transfers, and robust security, MobiKwik’s UPI feature is perfect for users who want to enjoy the benefits of digital payments without the complexities of traditional banking.
Set up your UPI on MobiKwik today, and start sending and receiving money instantly!